The Real Deal Chicago

Chicago Cheat Sheet: Last piece of Oprah’s former Water Tower Place home listed … & more

Also, Chicago-based CA Residential plans to triple its portfolio to $3.2B
By John O'Brien | January 29, 2019 05:00PM

Oprah Winfrey and Water Tower Place (Credit: Getty Images and Wikipedia)

Last remnant of Oprah’s Mag Mile home for sale

That last piece of Oprah Winfrey’s former home in Water Tower Place is on the market. Winfrey in the 1990s assembled the 9,600-square-foot space out of four condos on the 56th and 57th floors of the building at 835 North Michigan Avenue. She sold the space in 2015 to Centaur Interiors, which began selling it off in pieces and now is listing the final condo, a three-bedroom, 3,300-square-foot unit, for $3.5 million. The other three condos sold for a combined $8.2 million. [Crain’s]

CA Residential has big expansion plans

CA Residential said it plans to triple its portfolio to $3.2 billion by 2022. The multifamily arm of Chicago-based CA Ventures is closing $1 billion worth of new ground-up development and close 12 property deals in 2019, president Bob Flannery said. [Globe St.]

Redevelopment coming to former Carson’s at Harlem Irving Plaza

Harlem Irving Companies said it is close to finalizing deals with new tenants to take over the former Carson’s store in the Harlem Irving Plaza in Norridge. The department store was one of four anchors at the shopping center with Best Buy, Kohl’s and Target. Construction will begin by in the next month and is expected to wrap up by early fall 2020. [Norridge-Harwood Heights News]

Lincoln Park workers cottage listed for nearly $3M sells quickly

A workers cottage in Lincoln Park went under contract in eight days after being listed for $2.9 million. The Martin Schnitzius Cottage was built on Fremont Street in 1892. Foster Design Build led a full overhaul of the home in 2017, but the four-bedroom residence retains its historic facade. [Curbed]

Suburban industrial market sees another 340K sf leased

Colliers International arranged four suburban industrial leases totaling 340,000 square feet.

Taiki USA is taking 61,000 square feet in Hamilton Partners’ West O’Hare Commerce Center at 703-709 Algonquin Road in Arlington Heights. Apex is taking 107,000 square feet at Morgan Stanley’s 3701 Centrella Street in Franklin Park. Creative Technology is taking 87,000 square feet in BRE Alpha Industrial/Gateway Industrial Properties’ 2200 South Mount Prospect Road in Des Plaines. And Crimson AV is taking 84,000 square feet at Zilber Property Group’s 500-512 Lindberg Lane in Northbrook. [REJournals]

G2 Crowd moving offices down Wacker, tripling space

Tech company G2 Crowd signed a lease for 66,000 square feet at 100 South Wacker Drive, and will move from its 20,000-square-foot space in the Civic Opera House at 20 North Wacker Drive.

The firm is subleasing the spaces from engineering firm AECOM, which moved out last year.

The company has more than doubled its headcount to some 250 workers in the past year and projects its staff will surpass 500 by 2023, the spokesperson said, which called for finding room to grow. [Crain’s]