Chicago Real Estate & Homes for Sale

Greater Chicago Food Depository award winners through the years
(Crain’s) — Below is a list of winners of the Chicago Food Depository Awards over its history. The Chicago-Sun Times began the awards in 1984. The Chicago Commercial Real Estate Awards Dinner, benefiting the Greater Chicago Food Depository, began in 1989. Crain’s became a leading sponsor in ...
Posted: Fri, 12 Mar 2010 13:08:00 -0500

In brief: Westin Michigan Avenue | Kids' shoes | Penny Pritzker
Operating revenue at the Westin Michigan Avenue fell $16.1 million in 2009, compared with 2008, according to the annual report of LaSalle Hotel Properties Inc., which owns the 752-room hotel at 909 N. Michigan Ave.
Posted: Fri, 12 Mar 2010 12:49:00 -0500

See who won the Food Depository awards
(Crain’s) — The new office tower at 300 N. LaSalle won Development of the Year and architecture firm Gensler took home two honors Thursday evening in the 22nd Annual Chicago Commercial Real Estate Awards. The awards dinner, which took place at the Hilton Chicago, raised $870,000 for the ...
Posted: Fri, 12 Mar 2010 12:33:00 -0500

Our most-viewed stories in the past week
(Crain’s) — News that the city will rebid a big contract to rebuild the Wacker Drive and Congress Parkway interchange after the politically powerful Walsh Construction Co. sued to be declared the winner was the most-viewed story in the past week at ChicagoRealEstateDaily.com. The top five as ...
Posted: Fri, 12 Mar 2010 11:04:00 -0500

'Downstate kid' to lead Hyde Park project
(Crain’s) — A Downstate native with two small college-town projects under his belt scored an unlikely coup by winning the right to lead a $240-million mixed-use development near the University of Chicago. City and university officials bypassed well-known local developers to select David ...
Posted: Thu, 11 Mar 2010 14:15:00 -0500

2 Dallas properties handed back to Capri Capital
(Crain’s) — Capri Capital Partners LLC has taken control of two office complexes in Dallas after the Chicago-based investment firm alleged that the owner, BentleyForbes LLC, defaulted on mezzanine loans. BentleyForbes transferred the two properties, Preston Commons and Sterling Plaza, to ...
Posted: Thu, 11 Mar 2010 14:14:00 -0500

In brief: Prime Group woes | Ritz-Carlton | Ullico move
Prime Group Realty Trust said Wednesday that is discussing handing back the Continental Towers office complex to the lender in a deed in lieu of foreclosure.
Posted: Thu, 11 Mar 2010 14:13:00 -0500

Simon CEO says General Growth's new plan won't pressure his firm
(Reuters) — A revised plan by General Growth Properties Inc.'s management to emerge from bankruptcy would not put pressure on Simon Property Group Inc. to sweeten its $10-billion offer for the company, Simon's chief executive said on Thursday. General Growth's proposal lacks certainty despite ...
Posted: Thu, 11 Mar 2010 10:04:00 -0500

Illinois foreclosure activity up 22% in Feb.
(AP) — Foreclosure activity rose almost 22% last month in Illinois compared with the same month in 2009, much more than the nationwide increase, according to new data. More than 17,300 properties in Illinois got a foreclosure-related notice in February, according to Realty Trac Inc., an Irvine, ...
Posted: Thu, 11 Mar 2010 09:44:00 -0500

Arlington Heights development falls into foreclosure
(Crain’s) — A foreclosure suit seeking nearly $20 million has hit Arlington Town Square, a publicly subsidized mixed-use project that sparked a revival of the northwest suburb’s downtown. The project’s nearly 137,300-square-foot commercial space is owned by a group of 30 individual ...
Posted: Wed, 10 Mar 2010 08:26:00 -0500

American Apparel joining ‘younger and fresher’ State Street
(Crain’s) — American Apparel Inc., a trendy retailer known for its basic T-shirts and provocative advertising, has signed a lease for a downtown store on State Street. The two-level store is to open late this summer in the historic Mentor Building at 39 S. State, replacing a Children’s ...
Posted: Wed, 10 Mar 2010 08:20:00 -0500

Hines puts 300 N. LaSalle on the block
(Crain’s) — Despite the dormant market for mega-deals, developer Hines Interest L.P. is putting up for sale a new skyscraper anchored by Kirkland & Ellis LLP that could fetch a blockbuster price of $620 million. Hines has hired real estate firm Holliday Fenoglio Fowler L.P. to market 300 N. ...
Posted: Wed, 10 Mar 2010 08:00:00 -0500