Retail Market

Chicago launches subsidized Loop office-to-resi conversions

Plus, the Pete’s Fresh Market founder tries again to sell a Gold Coast mansion for $19M, a Deerfield office landlord faces foreclosure and more Chicagoland stories from this week

Brookfield goes rooftops over retail in suburban mall redevelopment

Northbrook greenlights multifamily development ahead of retail overhaul

Latsko lights up Fulton Market, scores $22M loan from Argentic

Retail kingpin opening new cigar club, refinanced Guinness brewery at 901 West Kinzie after considering sale

Bank OZK writedown swells to $38M on Sterling Bay’s Lincoln Yards

Lender made a second chargeoff of $17M after placing developer’s $128M loan on substandard non-accrual status last year

Chanel eyes $450M retail deal at Extell’s 655 Madison

Fashion brand in discussions for 65K sf

CRG, Shapack in talks with Global Ambassador for Fulton Market hotel

Lodging brand started by restaurateur Sam Fox in Arizona eyeing mixed-use project in Chicago’s hottest CRE neighborhood

Audemars Piguet clocks 12K sf lease on Fifth Avenue

Luxury watchmaker is first retail tenant at Parc Cinq corner site after bank’s exit

Will public employees ever come all the way back to the Loop?

Government agencies are Chicago’s largest employers but are still mum on return-to-office plans

Aby Rosen Readies Chrysler Building Neighbor for Development

Aby Rosen readies Chrysler Building neighbor for redevelopment

Project could span 100k sf and target retail, office or hotel tenants

Landlord Al Friedman bringing David Byrne show to River North

Landlord Al Friedman bringing David Byrne show to River North

“Theater of the Mind” coming to 19,000 square feet in Reid Murdoch building

Lenders push back foreclosure auction for San Francisco’s largest mall

Lenders push back foreclosure auction for San Francisco’s largest mall

Deutsche Bank, JPMorgan Chase owed $626M secured by San Francisco Centre

Urban Villages to open 120-room hotel in Seattle’s historic Pioneer Square

Urban Villages to open 120-room hotel in Seattle’s historic Pioneer Square

Six-story hotel, converted from a 118-year-old warehouse, to include area’s first rooftop bar

Todd Cohen’s Side Hustle: LoveShackFancy

Icon Realty Todd Cohen’s side hustle: LoveShackFancy

Landlord is married to lifestyle brand’s founder

Billabong, Quiksilver Stores Closing After Bankruptcy

Billabong, Quiksilver stores closing all stores after bankruptcy

Liberated blamed bankruptcy on inflation, interest rates, decline in demand

Goldenberg Group Lists Columbus Commons

Goldenberg lists fully occupied Philly shopping center

Demand is outpacing supply in Philadelphia’s retail market

These were Cook County’s largest CRE loans of 2024

These were Cook County’s largest CRE loans of 2024

Data center deal comes out on top again as Beacon’s office turnaround project and billionaire Neil Bluhm’s pricey cash-in refinance make list

Inland Real Estate Co-Founder G. Joseph Cosenza Dies at 81

Inland co-founder G. Joseph Cosenza dies at 81

Helped build Oak Brook-based firm into a CRE titan that has done billions of dollars worth of deals

Chain Stores Decline in NYC for Fifth Time in Seven Years

Is NYC going to become a desert for chain stores?

Stores disappearing fastest from Midtown West, East Village and Gramercy

Jeff Sutton picks up stake in former Hermes store on Madison Avenue

Jeff Sutton picks up stake in former Hermes store on Madison Avenue

SL Green sells interest in Van Cleef & Arpels spot for $34M

Max Mara Family Buys Chicago Luxury Retail from Latsko

Family behind Max Mara pays $17M for Oak Street luxury retail

Seller Fred Latsko said price for 41 East Oak, leased to Bottega Veneta, amounted to “robbery” despite billionaire bidders from across globe