Magnificent Mile


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Ashkenazy CEO Ben Ashkenazy and 625 N. Michigan Avenue (Credit: Google Maps)

Ashkenazy scores $61M loan for retail portion of Mag Mile office tower

Ashkenazy Acquisition Corp. has secured $61 million in financing for the retail portion of a 27-story Magnificent Mile office...

Ashkenazy scores $61M loan for retail portion of Mag Mile office tower
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
The Best Buy at 875 North Michigan Avenue (Credit: Glenn H. Johnson Construction)

Add Best Buy to the ever-growing list of retailers leaving Magnificent Mile

Best Buy plans to close its store at 875 North Michigan Avenue, adding to the retail challenges along Magnificent...

Add Best Buy to the ever-growing list of retailers leaving Magnificent Mile
Chicago's Michigan Avenue, known as the Magnificent Mile (Credit: iStock)

Mag Mile retail market a crossroads

 Like other so-called “High Streets” around the country, the Magnificent Mile is at a crossroads. Chicago’s premier retail strip has seen vacancy climb to 12 percent. It has seen a number of major store...

Mag Mile retail market a crossroads
Frank Lloyd Wright and 5132 South Woodlawn Avenue (Credit: Wikipedia and Compass)

Chicago Cheat Sheet: Historic Wright home hits the market in Hyde Park…& more

Historic Frank Lloyd Wright home hits the market A 122-year-old home designed by Frank Lloyd Wright hit the market...

Chicago Cheat Sheet: Historic Wright home hits the market in Hyde Park…& more
Edward-Elmhurst CEO Mary Lou Mastro and Edward-Elmhurst CEO Mary Lou Mastro

Chicago Cheat Sheet: Hospital network inks big suburban office lease…& more

Suburban hospital network merging 2 offices with big new lease Edward-Elmhurst Health is combining two suburban offices into the...

Chicago Cheat Sheet: Hospital network inks big suburban office lease…& more
Chicago Cheat Sheet: David Axelrod sells Mag Mile condo…& more

Chicago Cheat Sheet: David Axelrod sells Mag Mile condo…& more

Change of scenery for politico Axelrod and wife Longtime political strategist David Axelrod and his wife, Susan, sold their...

Chicago Cheat Sheet: David Axelrod sells Mag Mile condo…& more
Chicago Cheat Sheet: Cleaning products heiress sells Gold Coast condo… & more

Chicago Cheat Sheet: Cleaning products heiress sells Gold Coast condo… & more

S.C. Johnson heiress sells Mag Mile condo after several price cuts The great-great-granddaughter of S.C. Johnson founder Samuel Curtis...

Chicago Cheat Sheet: Cleaning products heiress sells Gold Coast condo… & more
Former Kraft Heinz exec moves up and scales down at Park Tower condo

Former Kraft Heinz exec moves up and scales down at Park Tower condo

A former Kraft Heinz executive and his wife bought a condo in a Magnificent Mile high-rise, days before selling...

Former Kraft Heinz exec moves up and scales down at Park Tower condo
Chicago Cheat Sheet: 1000M condo tower turns to “micro units”… & more

Chicago Cheat Sheet: 1000M condo tower turns to “micro units”… & more

1000M developers go “mini” to boost condo sales The developers of the planned 1000M condo tower on the south...

Chicago Cheat Sheet: 1000M condo tower turns to “micro units”… & more
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