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Sterling Bay Companies Announces Partnership with IPDNA to Redevelop Chicago’s Historic Old Post Office

Sterling Bay Companies Announces Partnership with IPDNA to Redevelop Chicago’s Historic Old Post Office

Sterling Bay Companies has recently announced a strategic partnership with International Property Developers North America to redevelop Chicago’s historic Old Post Office.…

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29th Street Capital Acquires MF Property; eBay to Expand Presence in Illinois

29th Street Capital Acquires MF Property; eBay to Expand Presence in Illinois

Real estate investment and advisory firm 29th Street Capital recently announced it has closed on a multi-family property located in the Bridgeport neighborhood of Chicago.…

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W.P. Carey Inc. Acquires $48 Million Distribution Facility

W.P. Carey Inc. Acquires $48 Million Distribution Facility

W.P. Carey Inc. recently announced it has acquired an 824,624-square-foot distribution facility just outside of Chicago. The property was purchased from Exeter Property Group for a total acquisition price of approximately $48 million.…

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New Loews Chicago Hotel Joins ALHI

New Loews Chicago Hotel Joins ALHI

Associated Luxury Hotels International recently expanded its portfolio with the addition of the new Loews Chicago Hotel which is scheduled to open in the beginning of 2015. AHLI will provide Global Sales Organization support, expertise and sales services for the new Chicago Hotel.…

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CVMC REIT Pays $211.7 Million for 250,000-Square-Foot Chicago Data Center

CVMC REIT Pays $211.7 Million for 250,000-Square-Foot Chicago Data Center

Carter Validus Mission Critical REIT Inc. has acquired the Chicago Data Center Facility in the Northlake suburb of Chicago for $211.7 million. The REIT will provide new capital for the continued build out and expansion of the facility.…

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Brennan Investment Group and Westminster Capital Sell Ogden Corporate Center

Brennan Investment Group and Westminster Capital Sell Ogden Corporate Center

Chicago-based Brennan Investment Group LLC and its joint venture partner Lake Forest, Ill.-based Westminster Capital recently announced the sale of Ogden Corporate Center to a private investor.…

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Historic 850 Lake Shore Drive Earns Recognition from Chicago Association of Realtors

Historic 850 Lake Shore Drive Earns Recognition from Chicago Association of Realtors

The conversion of the historic Lake Shore Athletic Club building into luxury apartments has won the 2014 Chicago Association of Realtors Good Neighbor Award. The distinction honors groundbreaking new and newly rehabbed or redeveloped properties in the Chicago metropolitan region that have augmented economic vibrancy in their neighborhood and boosted…

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Luxury Boutique Hotel Announces Opening in Chicago’s Andersonville Neighborhood

Luxury Boutique Hotel Announces Opening in Chicago’s Andersonville Neighborhood

The Andersonville Guesthouse is set to expand and upon reopening, in the summer of 2014, will be rebranded into The Guesthouse Hotel.…

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$79 Million TIFIA Loan for the Reconstruction of the CTA’s 95th Street Red Line Station Secured

$79 Million TIFIA Loan for the Reconstruction of the CTA’s 95th Street Red Line Station Secured

Mayor Rahm Emanuel and Senator Dick Durbin recently announced that $79 million in federal funding has been secured to finalize the funding of the new 95th Street Terminal on the Chicago Transit Authority’s Red Line.…

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Amata Opens New Shared Office Center at 150 South Wacker Drive

Amata Opens New Shared Office Center at 150 South Wacker Drive

Amata Office Centers has recently announced it is opening its sixth shared office center in Chicago featuring 16,950 square feet of space. Occupying the entire 24th floor of the building located at 150 South Wacker Drive in the West Loop neighborhood, the shared office center is scheduled to open May…

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HOK-Designed Clark and Grand Hotel Complex Achieves LEED-NC Silver Certification

HOK-Designed Clark and Grand Hotel Complex Achieves LEED-NC Silver Certification

HOK recently announced that The Clark and Grand Hotel Complex has achieved Leadership in Energy and Environmental (LEED) Design for New Construction (NC) Silver certification from the U.S. Green Building Council.…

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Sumitomo Corporation of Americas Acquires Chicago’s Trophy 203 North LaSalle

Sumitomo Corporation of Americas Acquires Chicago’s Trophy 203 North LaSalle

Commercial real estate services firm Avison Young announced that it has completed an office property acquisition on behalf of Sumitomo Corporation of Americas within a trophy-class building in downtown Chicago.…

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