Research Center - Chicago

  • Yardi Matrix: Chicago’s Draw

    As one of the largest metros in the U.S. and the center of the Midwest, Chicago remains a top target for investors, though its rent growth keeps trailing most of the nation.

    17 November 2016 07:25
  • JLL Releases Global Real Estate Transparency Index

    The latest report from JLL shows that real estate transparency has become a main focal point for investors.

    01 July 2016 09:17
  • Yardi Matrix: Chicago’s Healthy Appetite

    The Windy City saw roughly $2.5 billion worth of properties change hands in 2015.

    30 March 2016 14:24
  • Yardi Matrix: Chicago’s Healthy Appetite

    Though trailing most of the nation when it comes to rent growth, Chicago's multifamily market is healthy in other respects.

    30 March 2016 07:25
  • Are Chicago’s Record-Setting Office Sales Good — or Bad?

    Does the record-setting volume of office sales in the nation’s third-largest city in any way suggest a bubble?

    16 November 2015 17:20
  • Hartshorne Plunkard Architecture Receives Two Awards from AIA Illinois, including Top Design Prize for Randolph Tower

    The American Institute of Architects Illinois has awarded top prizes at the 2013 Honor Awards to Randolph Tower and the Hairpin Lofts and Hairpin Arts Center, both projects of Hartshorne Plunkard Architecture.

    06 June 2013 13:39
  • Forest City Enterprises Plans to Sell Remaining Land Holding in Central Station Development

    By Gabriel Circiog, Associate Editor Cleveland-based Forest City Enterprises Inc. has signed a letter of intent to sell its remaining land holdings in the Central Station development, reports. Located in the South Loop, the large-scale residential project has managed to transform the neighborhood before being hit by the condo crash. The developer has decided [...]

    12 September 2012 15:21
  • Sunstone Hotel Investors to Purchase Hilton Garden Inn Chicago Downtown

    By Gabriel Circiog, Associate Editor Sunstone Hotel Investors Inc. has entered into a purchase and sale agreement to acquire the Hilton Garden Inn Chicago Downtown/Magnificent Mile for a gross purchase price of $91.75 million. The 357-room hotel, located at 10 E. Grand Ave. in downtown Chicago, is expected to generate around $4.1 million of EBITDA [...]

    20 June 2012 14:35
  • Chicago Plan Commission Approves Two New Projects

    By Gabriel Circiog, Associate Editor The Chicago Plan Commission has given the green light for two new projects: the 3750 North Halsted and the 454 N. Park Drive developments, reports. The 3750 North Halsted is a joint venture between Chicago-based JDL Development Corp. and Norridge-based Harlem Irving Cos. The 296-unit up-scale apartment project calls [...]

    30 May 2012 16:08
  • TGM Associates LP Acquires 576-Unit Apartment Complex in Schaumburg

    By Gabriel Circiog, Associate Editor In one of the biggest suburban multifamily purchases in over four years, an affiliate of New York-based TGM Associates LP paid $86.7 million for an apartment complex in Schaumburg, reports. Located at 10 N. Lincoln Meadows Drive, the 576-unit apartment complex was built in 1990 and was purchased by [...]

    25 April 2012 15:05
  • Chicago Senior Care Acquires Clare at Water Tower in Bankruptcy Auction

    By Gabriel Circiog, Associate Editor Chicago Senior Care LLC has acquired the luxury senior-housing high-rise Clare at Water Tower after winning an auction in the U.S. Bankruptcy Court in Chicago, reports. The partnership between Harrison, N.Y.-based Senior Care Development LLC, New York-based Fundamental Advisors LP and Des Moines, Iowa-based Life Care Companies LLC bid [...]

    18 April 2012 14:47
  • Canadian REIT Acquires Westfield Business Park in Elgin

    By Gabriel Circiog, Associate Editor Westfield Business Park, a 513,313-square-foot office complex located in Elgin, has been acquired by a newly formed Canadian real estate investment trust, reports. In February, Commercial Property Executive reported on the intensified activities of Canadian REITs in the U.S. market after Vancouver, B.C.-based Onni Group agreed on a deal [...]

    04 April 2012 14:51
  • NorthStar and Deutsche Bank Set to Land John Hancock Center

    By Gabriel Circiog, Associate Editor The battle for the landmark John Hancock Center is set to end as a partnership that includes Deutsche Bank AG and NorthStar Realty Finance Corp. acquired all three pieces of junior debt on the Michigan Avenue skyscraper, reports. After buying $218 million of loans, which includes $98 million partially [...]

    28 March 2012 16:05
  • Streets of Woodfield to Be Sold by Kimco Realty Corp.

    By Gabriel Circiog, Associate Editor The Streets of Woodfield, a 713,000-square-foot outdoor mall located in Schaumburg, is being sold by Kimco Realty Corp., reports. Arrow Retail, a Dallas investment firm, has agreed to buy the property located at 601 N. Martingale Rd. Although the agreed price is not yet known, another investor had signed [...]

    07 March 2012 20:16