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by Dan Rafter
Maintaining a recent trend, law firms continue to shed office space in favor of leaner, more efficient floorplans. Over the past year in Chicago, two-thirds of law firm leases were for smaller spaces.
North Wells Capital, the investment affiliate of Chicago-based Urban Innovations, recently broke ground on 306 W. Erie in the River North neighborhood of Chicago. ARCO/Murray is acting as general contractor on the development with NORR serving as architect. JLL is the leasing agent for the building and Urban Innovations will continue provid…
In the past year, technology firms accounted for more than 4 million square feet of occupancy in the Chicago CBD. With new tech job creation happening every year, the city is fast becoming a hub for West Coast firms seeking cheaper space.
Cushman & Wakefield bolstered its capital markets team in Chicago with the additions of Jeff Altenau as executive managing director and Zach Yarnoff as managing director. Both come to Cushman & Wakefield from Eastdil Secured, where they worked on notable transactions including Willis Tower, River Point, 150 North Riverside, Easton Town Cent…
Skender, serving as general contractor, recently completed interior construction of an eight-story, 80,000-square-foot Spaces location, a provider of creative, flexible workspaces, owned by IWG. Spaces has assumed occupancy of the former Sports Authority building at LaSalle and Ontario and, as sole tenant, will enjoy private access to the b…
Cushman & Wakefield has been retained by the American College of Surgeons (ACS) for the sale of the iconic Murphy Auditorium, at 50 E. Erie Street, in Chicago’s River North neighborhood. Constructed in 1926 as a memorial to one of the organization’s founders, Dr. John B. Murphy, the 32,193-square-foot French Renaissance style building now s…
Venture Underwriters Inc., a division of Allstar Financial Group, expanded its Midwest presence with the opening of a new office in the Chicago market. Located at 620 N. LaSalle Street in the River North neighborhood, the new office will be managed by Dan Moran, who has relocated from the company’s San Francisco office.
Evergreen Real Estate Group recently joined public-private partners for a ceremonial ribbon-cutting to celebrate the completion of Independence Apartments, a six-story, 44-unit affordable senior rental community located above the new Independence Branch Library in Chicago’s Irving Park neighborhood.
Belgravia Group has unveiled a decorated model and started welcoming its first residents at Renelle on the River the developer’s, 18-story, 50-unit luxury condominium building along the Chicago River. All homes at the River North property will deliver this year.
Shapack Partners has sold 811 W. Fulton Market to Boston-based Intercontinental Real Estate for $50.3 million. The sale price equates to $775 per rentable square, surpassing the previous record in Chicago of $734 that the RxBar headquarters at 412 N. Wells Street in River North achieved earlier this year.
Lendlease has promoted Theodore T. Weldon III from senior vice president of development to executive general manager of development for Chicago. Weldon previously reported to Tom Weeks, who has accepted another position in New York City and is leaving Lendlease at the end of the month.
Today Conagra Brands, Inc. announced plans to build The Conagra Brands Center for Food Design in Chicago at 350 N. Orleans Street, located next to its existing headquarters in The Merchandise Mart. The new, 40,000-square-foot innovation center is an expansion of the company’s existing state-of-the-art Research & Development and Culinary cap…
The Heroes at Heartland steering committee, led by Great River Economic Development Foundation (GREDF) and partners, decided to award four organizations for their continuing efforts towards veteran services. Awards to organizations total $5,000 and include: Great River Honor Flight ($2,000), Tri-State Warrior Outreach ($2,000), Dot Foods Ve…
Skender, serving as general contractor, recently launched the interior renovation of the future 23,000-square-foot headquarters for Paragon Biosciences, a fast-growing life science innovator that invests in, builds and advises bioscience companies.
Over the past decade, the real estate industry has taken substantial strides toward reducing carbon emissions and energy consumption—all while increasing asset value. There are three keys to keeping this progress on track: waste reduction, legislation and investor activity.
Evergreen Real Estate Group welcomed the first residents into Northtown Apartments, a 44-unit affordable senior housing community connected to and developed simultaneously with the new Northtown Public Library in Chicago’s West Ridge neighborhood.
Waterton has completed the $15 million renovation of River North Park, a 400-unit, 24-story apartment tower located at 320 W. Illinois Street in Chicago’s River North neighborhood. Waterton is the operator, design and construction manager and minority equity partner of the asset, which is majority-owned by alternative investment firm, Angel…
Four new retail tenants—Dearborn Denim & Apparel, Blowout Junkie, Pharmaca and Verve Wine—will soon arrive at Lincoln Common in Chicago’s Lincoln Park neighborhood. Co-developed by Hines and McCaffery Interests, the property recently leased retail space to Velvet Taco, Philz Coffee, Athletico, Compass, Play2Day, Kohler Waters Spa and the pr…
Compared to major cities on the coasts, Chicago remains an affordable option. But all things are relative so Chicago residents—or those looking to relocate here—will find that different neighborhoods offer diverse options when it comes to cost of living.