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Land Behind Wrigley Building Could Fetch More Than $40 Million

Owners of the shuttered Lakeshore Athletic Club building are looking to sell the prime development site, which could fetch in excess of $40 million — far more than it cost three years ago to buy both the 1.5-acre site and the historic Wrigley Building just to its east. The Chicago office of HFF Inc. has [Read More]

October 13, 2014 | Author: Chicago Real Estate Daily | Comments: Comments Off | Categories: Chicago Real Estate News, City of Chicago

Block 37 to Get Loop’s Biggest Apartment Tower in Decades

The owner of the Block 37 shopping mall downtown is gearing up to start construction on the biggest apartment tower the Loop has seen in decades, betting the white-hot rental market downtown has room to run. CIM Group, the Los Angeles-based real estate firm that bought Block 37 two years ago, announced today it has [Read More]

September 13, 2014 | Author: Chicago Real Estate Daily | Comments: Comments Off | Categories: Apartments, Chicago Real Estate News, City of Chicago

Banana Republic, Lululemon, Container Store Coming to South Loop

A trio of national retailers — Banana Republic, Lululemon and Container Store — are moving into the Roosevelt Collection shopping center in the South Loop, a big casualty of the real estate crash that is steadily filling up. Totaling 37,000 square feet, the new leases will bring the 330,000-square-foot retail development’s occupancy to 79 percent, [Read More]

May 04, 2014 | Author: Chicago Real Estate Daily | Comments: Comments Off | Categories: Chicago Real Estate News, City of Chicago

Growing Google Grabs More Space in West Loop Office Project

Before even moving its Chicago office to the meatpacking district, Google Inc. is beefing up with another 52,000 square feet there. The Mountain View, Calif., technology giant in June said it had leased 200,000 square feet at 1000 W. Fulton Market, where it will move 500-plus employees from River North. Google has now exercised options for about [Read More]

December 31, 2013 | Author: Chicago Real Estate Daily | Comments: Comments Off | Categories: Chicago Real Estate News, City of Chicago

Mag Mile Landlord Plans Big Retail Expansion

The owner of the Shops at North Bridge plans to spend as much as $45 million converting part of an office building next door (shown above) into retail space and possibly connecting it to the big vertical mall. Santa Monica, Calif.-based Macerich Co., which acquired the 24-story office tower at 500 N. Michigan Ave. last year, sees [Read More]

December 18, 2013 | Author: Chicago Real Estate Daily | Comments: Comments Off | Categories: Chicago Real Estate News, City of Chicago

Two suburban apartment properties fetch $88 million

Two suburban apartment complexes have changed hands for a combined $88 million, a sign of rental housing’s continued appeal with investors. In the bigger deal, the developer that converted a former Ovaltine factory in Villa Park into 344 apartments sold the property this week for about $58 million to Stockbridge Capital Group, a San Francisco-based [Read More]

July 22, 2013 | Author: Chicago Real Estate Daily | Comments: Comments Off | Categories: Apartments, Chicago Real Estate News, City of Chicago, Condos, Economy, Economy AOI, Townhomes
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