Research Center - Chicago

  • Chicago Rents Inch Up; Highest Increase in Douglas Neighborhood

    2016 was a year of moderate rent increases in the city of Chicago. The average price for a rental in Chicago went up 5.9 percent year-over-year, closing the year at $1,738/month.

    22 May 2017 20:05
  • Yardi Matrix: Chicago’s Draw

    As one of the largest metros in the U.S. and the center of the Midwest, Chicago remains a top target for investors, though its rent growth keeps trailing most of the nation.

    11 November 2016 15:29
  • 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
  • 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
  • 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