CHICAGO-The six city-owned properties on the South and West sides total nearly 66,000 sf and could support about 200,000 sf of mixed-use developments. Target prices have been set at $9 per sf.
CHICAGO-The deal involving the 452-unit multifamily rental building does not include a parking garage, which serves Paramus, NJ-based Vornado Realty Trust's Merchandise Mart.
CHICAGO-The deal involving the 452-unit multifamily rental building does not include a parking garage, which serves Paramus, NJ-based Vornado Realty Trust's Merchandise Mart.
NILES, IL-CenterPoint Properties Trust cashes a $4.8-million check as a result of a bankruptcy court claim marketing specialties company HALO, which had a short stay at the building at 5800 W. Touhy Ave. The money is on top of the $28 million it got by selling the 267,344-sf building designed by Helmut Jahn—at a cost of $63.5 million--to Evanston-based Shure, Inc.
CHICAGO-Efficient space blocks motivate Orpett & Meyer, P.C. and Spencer Foundation to move this summer. The law firm moves from 30 N. LaSalle St. to 14,000 sf at 225 W. Washington St. while the educational organization leaves the John Hancock Building for 13,089 sf at 625 N. Michigan Ave.
CHICAGO-Owners of the 50-year-old Scottsdale Shopping Center at the southeast corner of 79th Street and Cicero Avenue plan to add a 134,563-sf Lowe's home improvement store. A tax increment financing deal, which could provide $18 million, is being negotiated.
DEERFIELD, IL-International Travel Service signs a four-year renewal for 27,822 sf at 108 Wilmot Rd. in the Hyatt Deerfield Office Campus, keeping occupancy at the 87,220-sf building at 100%.
CHICAGO-The department of planning and development is looking for developers willing to buy up 6.6 acres of city-owned lots in North Lawndale, mostly along Ogden Avenue, and build about 600,000 sf of mixed-use and residential projects.
OAK BROOK, IL-A dividend from the $392.7-million portfolio sale to James Fielding Funds Management Limited is a source of capital for CenterPoint Properties Trust, as the REIT can use proceeds to buy replacement assets or finance development projects.
OAK BROOK, IL-A dividend from the $392.7-million portfolio sale to James Fielding Funds Management Limited is a source of capital for CenterPoint Properties Trust, as the REIT can use proceeds to buy replacement assets or finance development projects.