The department store chain's demise will deal another blow to local landlords already smarting from a wave of retailer bankruptcies and store closings.
A blueprint for the future of the monstrous vacant office complex in Hoffman Estates may be found in suburban New Jersey.
"Being successful, you don't go straight up," Stephen Ross said. "There's going to be obstacles along the way."
Announced U.S. store closures are on their way to surpassing last year's record of 105 million square feet.
How to bring investment and economic activity to low-income neighborhoods on Chicago's South and West sides? The four-person panel will discuss the problem and solutions at a May 24 event.
One reason is that most people offering rentals are owner-occupiers, rather than commercial operators.
They accounted for 60 percent of the permanent loans on apartment properties in 2017.
Blackstone and Starwood Capital are among parties interested in LaSalle Hotel Properties, which is the target of a $3.6 billion takeover offer from Pebblebrook Hotel Trust.
The 358-unit development will be two blocks from the Morgan Street stop on the CTA's Green Line.
Calpers and a TIAA affiliate are among those who've agree to invest in select malls as part of Brookfield Property Partners' buyout of the company.
The fund, the eighth of a series driven by a so-called value-add real estate investing strategy, will target returns of 10 to 15 percent after fees.
The Gothic landmark on Michigan Avenue would be dwarfed by a new skyscraper—the city's second-tallest—to be built right next door. Check out images of the plans.