28 results for “lendlease development”
Office N Illinois

Chicago's "Big Red" nabs $370 million buyer

The John Buck Company (JBC) has reportedly found a buyer for 333 S. Wabash Avenue—the former CNA global headquarters that the developer purchased in 2016 for $108 million. This new transaction will prove to be quite the windfall for JBC, as a group of East Coast investors will acquire the Chicago Loop asset for $370 million.

CRE N Illinois

Kristensen Boxing Smoker set for Jan 25 at the Palmer House Hilton

On Saturday January 25th, more than 300 commercial real estate professionals and friends will gather for the 2nd Annual Kristensen Boxing Smoker at the Palmer House Hilton, where boxers from the U.S. Naval Academy will take on Chicago Golden Gloves Champions in eight bouts. The event is sponsored by Related Midwest, LendLease, F.E. Moran, T…

CRE N Illinois

Lendlease cuts ribbon on Southbank Park, riverwalk extension in South Loop

Last week, Lendlease celebrated the grand opening of Southbank Park, a two-acre, publicly accessible green space with an adjacent riverwalk bordering the South Branch of the Chicago River. The park anchors the firm’s new seven-acre Southbank neighborhood development underway in the South Loop that, upon completion, will include several mixe…

Office N Illinois

Shapack nets record sale in Fulton Market

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.

CRE N Illinois

Jessica Herrala joins Clayco as chief communications officer

Jessica Herrala has joined Clayco where she will serve as chief communications officer, managing the Clayco brand as well as the sales and marketing process. Working closely with Clayco’s clients, Herrala and her team will provide an additional level of strategic counsel to provide visibility, storytelling and awards for the firm’s projects.

Finance N Illinois

HFF arranges $62M in equity for West Chicago development

Holliday Fenoglio Fowler, L.P. (HFF) announced $61.88 million in joint venture equity for the development of 845 West Madison, a 586-unit, luxury multi-housing project in Chicago’s West Loop/Fulton Street submarket. The HFF team worked on behalf of the developers, Lendlease and The John Buck Company, to arrange the joint venture equity part…

Multifamily N Illinois

New Lakeshore East development cleared to go forward

The developers behind an expansion in Chicago’s Lakeshore East development won approval from the Chicago Plan Commission last night for two projects comprising four news buildings. The projects by Lendlease and Magellan Development will add 2,340 residential units, 570 hotel rooms and 44,000 square feet of retail space to the East Loop neig…

Multifamily N Illinois

Magellan and Lendlease update Lakeshore East proposal

Sent back to the drawing table by resident feedback, the developers behind a new expansion in Chicago’s Lakeshore East development offered an updated vision at a community meeting last night. The new scheme keeps the original building heights unchanged, but excises a planned hotel in lieu of additional residential units. Other modifications…