Chicago
Residential Boom, Revamped Planetarium in Chicago
By Veronica Grecu, Associate Editor Chicago seems to be heading toward an apartment construction boom. The Chicago Sun-Times recently listed the most prominent residential communities under development in Chicago. An old office tower at 188 W. Randolph St., built in the [...]…
Continue reading →Real Estate Market Still Slow Despite Incentives
By Veronica Grecu, Associate Editor With only 25 percent of approvals granted to the recently approved low-income housing development on Madison Street, two Oak Park developers are now trying to find alternative ways to gather funds for their $15 million redevelopment [...]…
Continue reading →New Marriott Hotel in Naperville; Oak Park Developer Bankrupt
By Veronica Grecu, Associate Editor Six months after the Janko Group announced the acquisition of the former Holiday Inn at 1801 Naper Boulevard, in a joint venture with the Bricton Group and a Heitman-managed real estate fund, the building was demolished [...]…
Continue reading →Residential and Commercial Deals Thrive in West Loop
By Veronica Grecu, Associate Editor Van Buren Lofts has recently started selling high-end residential units in a newly rehabbed building located at 1224 West Van Buren St. in the West Loop of Chicago. The eight-story building, which is now owned by [...]…
Continue reading →Low Vacancy Rates Enliven the Loop
By Veronica Grecu, Associate Editor A new report by Baum Realty Group shows that retail vacancies in Chicago’s downtown district fell to 6.9 percent in 2010, from 8.3 percent in 2009, and the figures are expected to reach even lower rates [...]…
Continue reading →New Residential Developments Planned Across Chicago
By Veronica Grecu, Associate Editor See Wong, the owner of Wabash Development Group, has recently acquired a 26,000-sq.-ft. warehouse in Chinatown for $3.88 million. The three-phase project that is to be constructed here will include condominiums for students, a hotel and [...]…
Continue reading →Chicago Welcomes Certified Green Home Rehabs and New Rentals
By Veronica Grecu, Associate Editor A new joint venture redevelopment in Chicago’s suburb Cicero is on track to become the first green certified home rehab in Illinois. CM Real Estate Development, a rehab and redevelopment company based in Chicago, has joined [...]…
Continue reading →New Transactions for Chicago’s Industrial and Residential Real Estate Markets
By Veronica Grecu, Associate Editor Two new industrial transactions have been recently negotiated by Colliers International in the O’Hare market. The first transaction is a long-term lease at 855 N. Wood Dale Road in Wood Dale for Hegele Logistics LLC. Hegele Logistics [...]…
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