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Mayor Rahm Emanuel Launches Retrofit Chicago’s Residential Partnership

Mayor Rahm Emanuel Launches Retrofit Chicago’s Residential Partnership

Mayor Rahm Emanuel recently revealed the 50th building to join Retrofit Chicago’s Commercial Buildings Initiative, and announced the launch of the program’s third phase, the Residential Partnership, alongside United Nations Secretary-General Ban Ki-moon.…

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Wacker-Randolph Building Debuts New Sustainability Program, Earns LEED Silver Certification

Wacker-Randolph Building Debuts New Sustainability Program, Earns LEED Silver Certification

CHICAGO - American Realty Advisors, a real estate investment manager with over $6 billion in assets recently launched a new sustainability initiative at 150 N. Wacker Drive, just days before the building received LEED Silver certification from the USGBC.…

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Acadia Realty Trust Pays $144M for Prime Retail Asset on Chicago’s Mag Mile

Acadia Realty Trust Pays $144M for Prime Retail Asset on Chicago’s Mag Mile

Acadia Realty Trust, a New York-based equity real estate investment trust recently announced the acquisition of an 88.4 percent interest in 840 N. Michigan Ave., a prime street-retail property on Chicago’s Magnificent Mile, at a cost of $144.3 million.…

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Lowe Enterprises Investors Pays $97M for Bourbon Square Apartments in Palatine, Chicago

Lowe Enterprises Investors Pays $97M for Bourbon Square Apartments in Palatine, Chicago

Lowe Enterprises Investors, an affiliate of Los Angeles-based Lowe Enterprises recently announced the purchase of the 612-unit Bourbon Square apartment community in suburban Chicago, in partnership with an investment client.…

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McPier Greenlights $564M McCormick Place Hotel and Events Center in Chicago’s South Loop

McPier Greenlights $564M McCormick Place Hotel and Events Center in Chicago’s South Loop

The Chicago Metropolitan Pier and Exposition Authority, also known as McPier, recently announced it has awarded the contract for a hotel and events center at McCormick Place to Prairie District 3 Partners.…

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Value Place, Holladay Properties JV Plans 15 New Hotels in the Chicago Area

Value Place, Holladay Properties JV Plans 15 New Hotels in the Chicago Area

Value Place, the largest extended-stay hotel brand in the U.S. recently announced plans to build multiple hotels in the Chicago area within the next 60 months, in partnership with South Bend, Indiana-based Holladay Properties.…

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Chicago Officials Debut Art-Centered Mixed-Income Community in the City’s Grand Crossing Neighborhood

Chicago Officials Debut Art-Centered Mixed-Income Community in the City’s Grand Crossing Neighborhood

Chicago Mayor Rahm Emanuel, together with the Chicago Housing Authority (CHA) and artist Theaster Gates recently announced the grand opening of the Dorchester Art + Housing Collaborative, a 32-unit mixed-income community in the Greater Grand Crossing area on Chicago’s South Side.…

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Canyon Capital Realty Expands Portfolio with the Purchase of Two Apartment Communities in Suburban Chicago

Canyon Capital Realty Expands Portfolio with the Purchase of Two Apartment Communities in Suburban Chicago

Canyon Capital Realty Advisors, the real estate direct investing arm of Canyon Partners, LLC, a Los Angeles-based investment and management company with roughly $24 billion in assets, recently announced the purchase of two suburban Chicago-area apartment communities, the Preserve at Carol Stream and Eagle Creek in Westmont, IL.…

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90 North Completes Purchase of The Reserve at Deer Park Office Building in Chicago

90 North Completes Purchase of The Reserve at Deer Park Office Building in Chicago

London-based 90 North Real Estate Partners recently announced it has arranged the sale of The Reserve at Deer Park, a 351,425-square-foot, Class A office building in suburban Chicago, RealEstateJournals.com reports.…

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Chicago Spire Project Dead, Site Deed Goes to Related Midwest

Chicago Spire Project Dead, Site Deed Goes to Related Midwest

The site of the former Chicago Spire supertall skyscraper is now in the hands of developer Related Cos., after investor Atlas Apartment Holdings, LLC failed to make a $22 million payment to the creditors by October 31st.…

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Oxford Capital, Quadrum Global JV Acquires Chicago’s Historic Essex Inn on Michigan Avenue

Oxford Capital, Quadrum Global JV Acquires Chicago’s Historic Essex Inn on Michigan Avenue

A joint venture between Quadrum Global and Chicago-based Oxford Capital Group, L.L.C. recently announced the acquisition of the historic Essex Inn at 800 S. Michigan Ave. in Chicago’s Historic Michigan Boulevard District.…

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CIM Group Breaks Ground on Block 37 Residential Tower in Downtown Chicago

CIM Group Breaks Ground on Block 37 Residential Tower in Downtown Chicago

Los Angeles-based developer CIM Group recently broke ground on a 34-story, 690-unit residential tower at Block Thirty Seven, the largest apartment project in Chicago’s Loop neighborhood in decades.…

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