Latest News - Page 2

Obama Presidential Center rendering & Woodlawn housing (Credit: iStock)

Officials scale back housing plan near Obama Center

The city is considering a proposal intended to curb displacement in Woodlawn, but it’s not as stringent as the...

Officials scale back housing plan near Obama Center
An illustration of Ryan Serhant and the note sent to Silverback Development (Credit: Getty Images, iStock)

Why Ryan Serhant sent $10,000 “cash” to clients

Was it a joke, or for real? That question made the rounds in broker circles after photos posted on...

Why Ryan Serhant sent $10,000 “cash” to clients
Rendering from Belgravia with CEO Alan Lev and COO David Goldman CATEGORY: Commercial Real Estate

Belgravia, Lennar land $69M loan for Triangle Square project

The team behind a mixed-use residential building on the Bucktown-Lincoln Park border have secured a $69 million loan from...

Belgravia, Lennar land $69M loan for Triangle Square project
From left: 1220 W. Wrightwood Ave., 3030 N. Lake Shore Dr. and 1874 N. Burling St.

These were Chicago’s priciest resi sales sales of the week

The priciest homes to sell in Chicago in the last week closed for a combined $10.5 million, slightly below...

These were Chicago’s priciest resi sales sales of the week
Treasury Department watchdog is investigating the Opportunity Zone program (Credit: iStock)

Opportunity Zone investigation won’t derail developer investment, experts say

 The Treasury Department’s investigation into the Opportunity Zone program will weed out the bad apples but won’t derail the...

Opportunity Zone investigation won’t derail developer investment, experts say
Condo lender Bank OZK reports lower profits in Q4

Condo lender Bank OZK reports lower profits in Q4

Bank OZK, which has been behind some of the largest condo loans in New York and Miami, reported a...

Condo lender Bank OZK reports lower profits in Q4
From left: Publisher and founder Amir Korangy, Editor-in-chief Stuart Elliott and VP of Corporate Development Yoav Barilan

TRD’s founders share war stories from over the years

Publisher Amir Korangy started The Real Deal out of his Brooklyn apartment nearly two decades ago, shortly before he...

TRD’s founders share war stories from over the years
Steel South Works Site (Credit: Google Maps, iStock)

Attention, developers: 415-acre South Works site could get split up

The 415-acre stretch of property along Lake Michigan is ripe for development, but it’s too big for one developer....

Attention, developers: 415-acre South Works site could get split up
Seamless thumbs up background.

Mark your calendars: These are Chicago’s top real estate events next week

Here are some real estate events worth checking out next week: Host: Chicago Real Estate Council Date: Jan. 21...

Mark your calendars: These are Chicago’s top real estate events next week


Knotel CEO Amol Sarva (Credit: iStock)

Knotel lays off up to a third of its New York-focused staff: sources

UPDATED, 11:39 a.m.: Knotel laid off as much as a third of its New York market-focused staff, as the...

Knotel lays off up to a third of its New York-focused staff: sources
Chicago’s industrial market saw just 364,000 square feet of new supply come online in the last three months of 2019, a sharp drop. (Credit: Google Maps)

Chicago industrial market slams brakes on new deliveries in Q4

The Chicago industrial market hit the brakes on new deliveries in the fourth quarter of 2019, after millions of...

Chicago industrial market slams brakes on new deliveries in Q4
Hilton CEO Christopher Nassetta and Arianna Huffington (Credit: Getty Images)

Hilton unveils new brand, with a hand from Arianna Huffington

Hilton is striving for balance, or at least a better night’s sleep. The hospitality giant is starting the new...

Hilton unveils new brand, with a hand from Arianna Huffington
More VIPs join TRD’s exclusive prop-tech retreat

More VIPs join TRD’s exclusive prop-tech retreat

As the new decade gears up, most VIPs are rolling in for TRD’s Future City 2020. We’re excited to...

More VIPs join TRD’s exclusive prop-tech retreat
Windy City Rehab host Alison Victoria Gramenos and the home at 2308 W. Giddings (Credit: Getty Images, iStock)

“Windy City Rehab” saga keeps blowing: Host offers to buy back problem house

The attention and notoriety that HGTV’s “Windy City Rehab” has received over the last year can either be seen...

“Windy City Rehab” saga keeps blowing: Host offers to buy back problem house
As fewer tenants want huge blocks of space, retail landlords along the Magnificent Mile have adapted by breaking up spaces for multiple tenants. (Credit: iStock, Google Maps; illustration by Kevin Rebong for The Real Deal)

Portion Control: Inside the retail rightsizing of the Magnificent Mile

Before Crate & Barrel vacated its flagship store on the Magnificent Mile, the landlord and leasing team considered a...

Portion Control: Inside the retail rightsizing of the Magnificent Mile
Ex-Fannie Mae employee in LA sentenced in bribery, kickback scheme

Ex-Fannie Mae employee in LA sentenced in bribery, kickback scheme

For years, Fannie Mae employee Shirene Hernandez would assign real estate brokers choice listings on foreclosed homes, and in...

Ex-Fannie Mae employee in LA sentenced in bribery, kickback scheme
Foreclosures nationwide fell to 15-year low in 2019

Foreclosures nationwide fell to 15-year low in 2019

Vulture funds and homebuyers seeking distressed properties at bargain-basement prices may have to keep waiting. Last year saw the...

Foreclosures nationwide fell to 15-year low in 2019
1400 North Lake Shore Drive & ESG Kullen’s Eric Granowsky (Credit: Google Maps)

ESG Kullen lands big loan on priciest Chicago condo deconversion

After more than a year of negotiations and setbacks, ESG Kullen closed on the most expensive condo deconversion in...

ESG Kullen lands big loan on priciest Chicago condo deconversion
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