Retail leasing is picking up in Chicago, with some neighborhoods jumping ahead
Retail is coming back in Chicago, unevenly, with some neighborhoods outperforming after losses during the COVID-19 pandemic. The pandemic...
Retail
The Latest
Gibsons Restaurant Group eyes lease in Fulton Market building
A local restaurant operator plans on opening a store in Chicago’s Fulton Market, a bright spot for Chicago’s struggling...
Retail property owner in Chicago’s Gold Coast plans a new two-story building
An owner of an outdated three-story building in Chicago’s affluent Gold Coast wants to build a new, smaller property...
Chicago’s plan to buy shuttered Aldi store on West Side sparks controversy
Chicago Mayor Lori Lightfoot‘s plans for the city to buy a shuttered Aldi supermarket to address a “food desert’’...
National
Urban retail not recovering like malls, shopping centers: Vornado
A “startling” retail recovery across the country has included malls and shopping centers, but big cities have been laggards,...
Vacancy Fraud Bill aims to penalize landlords who take advantage of tax breaks on long-vacant properties
Small business advocates are backing an Illinois state bill that aims to penalize landlords who take advantage of tax breaks for long-vacant properties. The...
Long-stalled Des Plaines plaza moves forward
Development plans are moving forward for a long-stalled public plaza project in suburban Des Plaines after the newly elected...
National
“We kicked the crap out of ‘21”: Largest U.S. mall owner claims comeback
Despite being the nation’s largest mall owner, CEO David Simon has repeatedly claimed that Simon Property Group is more...
National
Leisure and hospitality gain ground as 2022 opens in hiring boom
The leisure and hospitality industry added 151,000 jobs in January, accounting for nearly a third of all positions added...
National Issue
Inside mall scavenger Kohan’s buying spree for declining shopping centers
The majority of its storefronts are dark and its previous owner, CBL & Associates, filed for Chapter 11 bankruptcy...