Research Center - Chicago

  • Yardi Matrix: Chicago’s Healthy Appetite

    The Windy City saw roughly $2.5 billion worth of properties change hands in 2015.

    30 March 2016 14:24
  • Forest City Enterprises Plans to Sell Remaining Land Holding in Central Station Development

    By Gabriel Circiog, Associate Editor Cleveland-based Forest City Enterprises Inc. has signed a letter of intent to sell its remaining land holdings in the Central Station development, reports. Located in the South Loop, the large-scale residential project has managed to transform the neighborhood before being hit by the condo crash. The developer has decided [...]

    12 September 2012 15:21
  • Sunstone Hotel Investors to Purchase Hilton Garden Inn Chicago Downtown

    By Gabriel Circiog, Associate Editor Sunstone Hotel Investors Inc. has entered into a purchase and sale agreement to acquire the Hilton Garden Inn Chicago Downtown/Magnificent Mile for a gross purchase price of $91.75 million. The 357-room hotel, located at 10 E. Grand Ave. in downtown Chicago, is expected to generate around $4.1 million of EBITDA [...]

    20 June 2012 14:35
  • Chicago Plan Commission Approves Two New Projects

    By Gabriel Circiog, Associate Editor The Chicago Plan Commission has given the green light for two new projects: the 3750 North Halsted and the 454 N. Park Drive developments, reports. The 3750 North Halsted is a joint venture between Chicago-based JDL Development Corp. and Norridge-based Harlem Irving Cos. The 296-unit up-scale apartment project calls [...]

    30 May 2012 16:08
  • TGM Associates LP Acquires 576-Unit Apartment Complex in Schaumburg

    By Gabriel Circiog, Associate Editor In one of the biggest suburban multifamily purchases in over four years, an affiliate of New York-based TGM Associates LP paid $86.7 million for an apartment complex in Schaumburg, reports. Located at 10 N. Lincoln Meadows Drive, the 576-unit apartment complex was built in 1990 and was purchased by [...]

    25 April 2012 15:05
  • Chicago Senior Care Acquires Clare at Water Tower in Bankruptcy Auction

    By Gabriel Circiog, Associate Editor Chicago Senior Care LLC has acquired the luxury senior-housing high-rise Clare at Water Tower after winning an auction in the U.S. Bankruptcy Court in Chicago, reports. The partnership between Harrison, N.Y.-based Senior Care Development LLC, New York-based Fundamental Advisors LP and Des Moines, Iowa-based Life Care Companies LLC bid [...]

    18 April 2012 14:47
  • Canadian REIT Acquires Westfield Business Park in Elgin

    By Gabriel Circiog, Associate Editor Westfield Business Park, a 513,313-square-foot office complex located in Elgin, has been acquired by a newly formed Canadian real estate investment trust, reports. In February, Commercial Property Executive reported on the intensified activities of Canadian REITs in the U.S. market after Vancouver, B.C.-based Onni Group agreed on a deal [...]

    04 April 2012 14:51
  • 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, reports. After buying $218 million of loans, which includes $98 million partially [...]

    28 March 2012 16:05
  • 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., 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 known, another investor had signed [...]

    07 March 2012 20:16