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NorthStar and Deutsche Bank Set to Land John Hancock Center

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, Chicagorealestatedaily.com reports. After buying $218 million of loans,…

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Luxury Parc Huron Apartment Tower to be Sold for $110 Million

Luxury Parc Huron Apartment Tower to be Sold for $110 Million

By Gabriel Circiog, Associate Editor An affiliate of Dallas-based L&B Realty Advisors LLP has agreed to purchase the luxury Parc Huron apartment tower for $110 million, Chicagorealestatedaily.com reports. The 221-unit building, located at 469 W. Huron Street in the River North neighborhood of Chicago, will be sold by local developers…

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United Airlines Could Unite Downtown Offices in Willis Tower

United Airlines Could Unite Downtown Offices in Willis Tower

By Gabriel Circiog, Associate Editor The parent company of United Airlines is pondering uniting the company’s downtown offices under one roof at Willis Tower, Chicagorealestatedaily.com reports. Sources say that United Continental Holdings Inc. is searching for tenants to fill the 250,000 square feet it currently leases at the United Building,…

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Streets of Woodfield to Be Sold by Kimco Realty Corp.

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., ChicagoRealEstateDaily.com 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…

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150 N. Michigan Up for Sale; Legacy at Millennium Park Wins ‘Best in Living’ Award

150 N. Michigan Up for Sale; Legacy at Millennium Park Wins ‘Best in Living’ Award

By Gabriel Circiog, Associate Editor The 150 N. Michigan office tower could soon get a new owner on top of the new name it is set to receive in March, Chicagorealestatedaily.com reports. Germany-based SEB Asset Management A.G. bought the 41-story office building in 1999 for around $113.2 million. Recently, the fund…

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Landmark Civic Opera Building Sold for $126 Million

Landmark Civic Opera Building Sold for $126 Million

By Gabriel Circiog, Associate Editor Tishman Speyer Properties L.P. has sold the Civic Opera Building to a New York venture for almost $126 million, Chicagorealestatedaily.com reports. According to Cook County property records, cited by the same source, an affiliate of Nanuet, N.Y.-based Berkley Properties LLC bought the 915,000-square-foot building for $125.8…

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CME Group to Sell Two Towers at Board of Trade

CME Group to Sell Two Towers at Board of Trade

By Gabriel Circiog, Associate Editor A joint venture led by Chicago developer GlenStar Properties, which also includes San Antonio-based USAA Real Estate Co., is in the process of acquiring two Chicago Board of Trade towers from CME Group Inc., ChicagoRealEstateDaily.com reports. [...]…

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Canadian Onni Group Closing on Purchase of 200 N. LaSalle Office Tower

Canadian Onni Group Closing on Purchase of 200 N. LaSalle Office Tower

By Gabriel Circiog, Associate Editor Vancouver, B.C.-based Onni Group is closing on its first Chicago investment after agreeing to pay over $95 million for a Loop office high-rise with a past-due loan. ChicagoRealEstateDaily.com reports that the Canadian real estate company is [...]…

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Bond Cos. Plans Mixed-Use Project for Roosevelt Road

Bond Cos. Plans Mixed-Use Project for Roosevelt Road

By Gabriel Circiog, Associate Editor The Bond Cos., a Chicago-based developer, plans to build a mixed-use project between Canal and Clinton streets just north of Roosevelt Road, according to ChicagoRealEstateDaily.com. The plan calls for around 200,000 square feet of retail space [...]…

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Latham & Watkins to Relocate from Willis Tower to 330 North Wabash Avenue

Latham & Watkins to Relocate from Willis Tower to 330 North Wabash Avenue

By Gabriel Circiog, Associate Editor Prime Group Realty Trust announced that Latham & Watkins, LLP has executed a lease agreement and will relocate its Chicago headquarters to 330 North Wabash Avenue in or around April 2014. The law firm will occupy [...]…

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MetLife Inc. Acquires EnV 294-Unit Luxury Apartment Tower

MetLife Inc. Acquires EnV 294-Unit Luxury Apartment Tower

By Gabriel Circiog, Associate Editor MetLife Inc., through a subsidiary, has purchased EnV, a luxury multifamily property in Chicago’s River North neighborhood. The 29-story high rise was acquired from LYND Development Partners, the developer of the tower. CBRE’s Chicago office, on [...]…

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Hearn Co. Acquires 55 W. Monroe St. Office Tower; John O’Donnell Plans New Office Building

Hearn Co. Acquires 55 W. Monroe St. Office Tower; John O’Donnell Plans New Office Building

By Gabriel Circiog, Associate Editor The 803,000-square-foot office high-rise at 55 W. Monroe St. has been purchased by Hearn Co. for $136 million, ChicagoRealEstateDaily.com reports. The deal was brokered by Chicago-based Jones Lang LaSalle Inc., which announced Hearn financed the acquisition [...]…

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