Commercial News Chicago Real Estate Daily


The end of Carson's will test retail landlords

The department store chain's demise will deal another blow to local landlords already smarting from a wave of retailer bankruptcies and store closings.

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East Coast developer has big plan for former AT&T campus

A blueprint for the future of the monstrous vacant office complex in Hoffman Estates may be found in suburban New Jersey.

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Being fired years ago was a blessing, Related chairman says

"Being successful, you don't go straight up," Stephen Ross said. "There's going to be obstacles along the way."

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Toys R Us is not helping the real estate glut

Announced U.S. store closures are on their way to surpassing last year's record of 105 million square feet.

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Crain's forum to tackle tough question

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.

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Airbnb rent impact small, economists find

One reason is that most people offering rentals are owner-occupiers, rather than commercial operators.

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Fannie, Freddie share of apartment loans rises

They accounted for 60 percent of the permanent loans on apartment properties in 2017.

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Hotel Chicago owner draws interest from others

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.

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Developer lands $92 million loan for West Loop apartment project

The 358-unit development will be two blocks from the Morgan Street stop on the CTA's Green Line.

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GGP buyer lines up big backers

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.

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LaSalle Investment seeking $1 billion for property fund

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.

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See what Tribune Tower owners want to build next door

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.

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