Commercial
Chicago
Mar 14, 2025
Zell Kravinsky snags Algonquin rentals for $19M after FPA’s distress play
Suburban Chicago property bought out of distress in 2018 by Greg Folwer’s San Francisco-based multifamily giant headed to investor landlord
Commercial
Chicago
Mar 11, 2025
Downtown Chicago apartment rents reach new peak as supply craters
Average monthly rate crosses $3,000 threshold for first time
Residential
Chicago
Mar 8, 2025
Digging into Chicago’s biggest brokers and builders
Plus, muddled foreclosure lawsuits threaten suburban CRE investments, River North mastermind Al Friedman opens up and more Chicago real estate news
Commercial
Chicago
Mar 5, 2025
Low-key River North landlord closes debt gap to score $160M refi
Borrower led by Teresa Tsai pulled off big debt deal for apartment tower while facing foreclosure at Downers Grove office property
Commercial
Chicago
Mar 4, 2025
Struggling Sonder ditches River North hotel, landlord sues for $4M
Dispute arises after Hawkins Way Capital, owner of 60-room Found Hotel, dodged foreclosure last year
Residential
Chicago
Mar 3, 2025
Sotheby’s poaches Mark Pasquesi from BHHS for North Shore push
Latest in a series of losses for Berkshire Hathaway Home Services, including top broker Mario Greco and the ZK Group
Commercial
Chicago
Mar 3, 2025
The Closing: Albert Friedman
River North mastermind talks about his retail empire, why offices in old buildings aren’t dead and what it takes to operate a whole neighborhood
Development
Chicago
Mar 1, 2025
Weekend tour: Developers turn to data centers as backup plans & other news
Major Hoffman Estates plan, office project by 601W pivot — and more headlines in Chicago real estate
Residential
Chicago
Feb 28, 2025
Bulls player Williams straightens out mortgage snafu on Gold Coast condo
Reps for Patrick Williams say alleged loan default was due to a clerical error; Goethe Street unit is among several high-profile Chicago-area loans to fall into potentially errant default disputes
Commercial
Chicago
Feb 27, 2025
Landlord Al Friedman bringing David Byrne show to River North
“Theater of the Mind” coming to 19,000 square feet in Reid Murdoch building
Development
Chicago
Feb 24, 2025
Data center player drops $45M on suburban site eyed for huge housing plan
Iatarola’s Plum Farms vision for Hoffman Estates was put to rest as Karis Critical scooped up land
Development
Chicago
Feb 21, 2025
CA Ventures faces T2 foreclosure at Mundelein development site
Several residential projects have been proposed for debt-burdened property, but no firm has managed to start construction
Development
Chicago
Feb 19, 2025
CMK easing grip on South Loop with 30-story apartment tower listing
Chicago-based developer selling 299-unit property at 1400 South Wabash
Commercial
Chicago
Feb 18, 2025
Blackstone ironing out three-year extension of $1.3B Willis Tower loan
Chicago’s tallest skyscraper outperformed some of its landlord’s financial projections last year
Commercial
Chicago
Feb 14, 2025
Assuming control: Inside embattled attorney Mark Nussbaum’s playbook in Chicago
Nussbaum’s entities took over properties after bizarre flips and trouble among Lakewood dealmakers
Commercial
Chicago
Feb 10, 2025
Shaya Prager faces third foreclosure at Midwest office complex
Lender claims embattled New Jersey investor defaulted on $48M loan
Commercial
Chicago
Feb 7, 2025
Wanxiang hit with foreclosure for Bannockburn office
Bigtime CRE player picked up small suburban building on the cheap in 2012
Development
Chicago
Feb 4, 2025
Fulton Market landlord seeks sale aside distressed neighbor’s assemblage
Richard Easty wants nearly $1.4M for small building as development site next door aims for at least $11M amid foreclosure
Commercial
Chicago
Feb 3, 2025
Meet Chicago’s top eviction attorneys
Second-generation firm owner Rob Kahn stays on top while bemoaning tenant-friendly changes in Cook County courtrooms since the pandemic
Development
Chicago
Jan 28, 2025
T5 Data Centers drops $17M advancing Grayslake assemblage
Developer with data center plan bought out longtime owners of vacant 89 acres in northern Chicago suburbs