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David Werner teams with 601W on distressed Chicago office bargain
Jan 6, 2025

David Werner teams with 601W on distressed Chicago office bargain

601W and investor David Werner aren’t letting Chicago’s office headwinds push them away. A joint venture between the New York-based office landlord and David Werner Real Estate Investments landed a …
Glenstar, 601W score big discounts on downtown office buys
Dec 17, 2024

Glenstar, 601W score big discounts on downtown office buys

Chicago’s Wacker Drive is becoming a hotspot for investors with an appetite for distressed office properties offered at drastically reduced prices. Commercial real estate firm Glenstar and Minnesota …
Zurich, Schaumburg settle $20M remote work dispute over tax incentive payouts
Feb 28, 2025

Zurich, Schaumburg settle $20M remote work dispute over tax incentive payouts

Schaumburg ended its battle with Zurich North America over a remote work policy that local officials claimed flew in the face of a tax incentive agreement, with a $20 million settlement. The agreemen…
Aon Center Loan Hits Special Servicing
Feb 27, 2023

Aon Center Loan Hits Special Servicing

Aon Center at 200 East Randolph Street with Starwood’s Adam Behlman (Loopnet, LinkedIn) A special servicer started overseeing a portion of a massive loan on one of Chicago’s tallest skyscrapers this m…
601W Companies Raises Profile in the Pandemic Downturn
Jan 20, 2021

601W Companies Raises Profile in the Pandemic Downturn

It was hard to miss the dozens of hardhats on lunch break as they poured out of a 20-story office building on Manhattan’s Far West Side. Some ducked into nearby shops, while others lined up at street …
Sheryl Schulze | Gensler | Old Main Post Office
Oct 31, 2018

Sheryl Schulze | Gensler | Old Main Post Office

When it comes to turning a 2.5-million-square-foot husk into a laboratory for the next generation of office design, there’s no precedent or playbook to fall back on — not even for Sheryl Schulze, who …
601W Companies Raises Profile in the Pandemic Downturn
Jan 1, 2000

601W Companies Raises Profile in the Pandemic Downturn

It was hard to miss the dozens of hardhats on lunch break as they poured out of a 20-story office building on Manhattan’s Far West Side. Some ducked into nearby shops, while others lined up at street …
Floyd “Money” Mayweather knocks out Manhattan — and goes back for more
Dec 2, 2024

Floyd “Money” Mayweather knocks out Manhattan — and goes back for more

For the world’s wealthiest boxer, it’s been a whirlwind six weeks of real estate. Floyd “Money” Mayweather, Jr., a 15-time world champion, spent $402 million on an Upper Manhattan apartment portfolio…
Michael Silberberg Sued Over Civic Opera Building Loan
Apr 5, 2023

Michael Silberberg Sued Over Civic Opera Building Loan

New York real estate investor Michael Silberberg is facing a lawsuit over Chicago’s Civic Opera Building, with lender Wells Fargo seeking to recover the full cost of the $205 million loan on the downt…
Chicago real estate’s biggest stories of 2021
Jan 14, 2022

Chicago real estate’s biggest stories of 2021

The winners and losers of Chicago’s real estate market for 2021 were clear. Landlords in downtown Chicago, home to the nation’s second-largest central business district, were hit the hardest by the pa…
PR Giant Edelman Moving To JPMorgan's Gogo Building
Oct 5, 2021

PR Giant Edelman Moving To JPMorgan's Gogo Building

Edelman, the global public relations company, is moving its Chicago headquarters. The firm will downsize from the space it currently leases in the Aon Center when it moves to the West Loop next month,…
909 Third Avenue | Vornado Realty Trust | Sard Verbinnen
Oct 16, 2018

909 Third Avenue | Vornado Realty Trust | Sard Verbinnen

One of Wall Street’s top crisis public relations shops is expanding to 65,000 square feet as it relocates its offices on Third Avenue. Financial communications firm Sard Verbinnen & Co. signed a lease…
CBRE | 161 North Clark Street | Grant Thornton Tower
Nov 7, 2018

CBRE | 161 North Clark Street | Grant Thornton Tower

CBRE Global Investors secured a $230 million loan on the Grant Thornton Tower in the Loop, adding about $45 million to its debt on the property at 161 North Clark Street. Société Générale provided the…
Sterling Bay | Lincoln Yards | Prudential Plaza
Jul 13, 2018

Sterling Bay | Lincoln Yards | Prudential Plaza

Three decades after Sterling Bay got its start through low-lying office renovations in the city’s outlying neighborhoods, the developer now has its hands on some of the most recognizable pieces of Chi…