Emma Whalen

Barings Takes Loss in $42M River West Apartments Sale

Chicago

Barings takes loss in $42M River West apartments sale

TRD Staff

Albert Friedman Getting $20M from Temporary Bally’s Casino

Albert Friedman gets $20M from temporary Bally’s casino

Barings CEO Michael Freno and Mondial River West apartments

Barings offloading River West apartments near casino site

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Bally’s

From left: Nomura Holdings CEO Kentaro Okuda and former Mayor of Chicago Lori Lightfoot (Getty, Nomura Holdings)

City consultant for casino choice had financial ties to Bally’s

Rachel Herzog

Monroe Residential Partners’ Michael Obloy and Andrew Friestedt with 851 West Grand Avenue (Monroe Residential Partners, Interra Realty, Getty)

Monroe Residential gets $11M for new apartments near casino site

Sam Lounsberry

Check out Chicago’s most buzzworthy real estate stories of 2022

Ald. Walter Burnett and Ald. Brian Hopkins with a rendering of Bally's (Facebook, Bally's, Getty)

Bally’s wins final Chicago City Council zoning for casino

A rendering of Bally's Chicago Casino and Bally’s CFO Bobby Lavan (Bally's, Getty)

Bally’s completes sale and leaseback of Freedom Center

Bally’s Soo Kim with rendering of Bally's Chicago (Bally's)

Bally’s to close on casino site for $200M, then pursue sale-leaseback

From left: Mayor of Chicago Lori Lightfoot; Robin Schabes, River North Residents Association Development &amp; Land Use Committee; Jose Bedolla, West Central Association Board Member and real estate broker with Jameson Sotheby's International (Getty Images, LinkedIn/Robin Schabes, Sotheby's, Bally's)

Lightfoot’s casino advisory council light on real estate despite project’s potential to stir River West market

Chicago mayor Lori Lightfoot, Maurice Edwards, Robin Schabes, Julie Darling and rendering of Bally's Chicago casino (Linkedin, Central Advisory Council, Getty, Bally's)

Lightfoot launches casino advisory council for Bally’s project

Onni Group’s Duncan Wlodarczak with 700 West Chicago Avenue (LinkedIn, Google Maps, iStock)

Onni buys Goose Island site near casino site for $45M

Miranda Davis

Mayor of Chicago Lori Lightfoot along with a rendering of Bally's River West casino (Getty Images, Bally's Corporation)

Bally’s wins City Council approval for Chicago’s first casino

Rendering of Ballys Chicago (Ballys, iStock)

Bally’s casino heads to delayed City Council vote

A Rendering of Ballys Chicago with Alderman Brendan Reilly and Alderman Brian Hopkins (Ballys, Ward 42, Facebook via Alderman Brian Hopkins)

Chicago casino opponents reject Bally’s $2M annual safety plan

Alderman Walter Burnett, Bally's Soo Kim and Chicago mayor Lori Lightfoot (Getty Images, Burnett, Bally's, Wikimedia Commons, Illustration by Kevin Cifuentes for The Real Deal)

Chicago’s casino selection goes to Bally’s, and these real estate players win out

Bally’s Casino tribune proposal with Lori Lightfoot (Ballys, Getty)

Bally’s proposal for Chicago casino seen winning mayor’s approval

Jeff Shapack and 509 North Union Avenue, Chicago (Google Maps, iStock)

Developer Shapack buys Chicago Salvation Army site for $25M

Alderman Brendan Reilly and Chicago Mayor Lori Lightfoot with renderings of Rivers 78, Hard Rock One Central and Bally’s Chicago (42nd Ward, Getty, Related, Hard Rock Cafe International, Bally)