CHICAGO-Scaffolding equipment midway up Shorenstein Properties' 100-story building was ripped down by high winds nearly four years ago, killing three and injuring four.
FOREST VIEW, IL-Combined Warehousing Co., Inc. buys the 848,000-sf building on 58 acres at 4800 S. Central Ave., near an interchange with the Stevenson Expressway as well as the airport.
CHICAGO-LaSalle Investment Management increases revenues 35% to $203 million for the year, setting records by raising $3 billion in 2005 and investing $6 billion. In a joint venture to buy CenterPoint Properties Trust, it already oversees assets worth $30 billion.
CHICAGO-LaSalle Investment Management increases revenues 35% to $203 million for the year, setting records by raising $3 billion in 2005 and investing $6 billion. In a joint venture to buy CenterPoint Properties Trust, it already oversees assets worth $30 billion.
CHICAGO-The multifamily REIT, which is aiming to balance sales and acquisition at $1.5 billion each this year, sees a $100-million boost to its bottom line in 2005 thanks to the sale of 2,241 rental units it converted to condominiums.
CHICAGO-Multifamily developers in outlying neighborhoods could get permission to exceed limits on the size of their projects in exchange for donations to the city's affordable housing fund. The tally from Downtown developers has hit $12 million.
CHICAGO-"The chances of an office recovery in the near future for the Chicago CBD market is dismal," according to US Equities Realty. The market needs one million sf of net absorption over six years to reach the vacancy levels seen in the last decade.
CHICAGO-Bethesda, MD-based LaSalle Hotel Properties agrees to buy the 751-room hotel, which McLean, VA-based JER Partners acquired a year ago for $137 million.
CHICAGO-Bethesda, MD-based LaSalle Hotel Properties agrees to buy the 751-room hotel, which McLean, VA-based JER Partners acquired a year ago for $137 million.
CHICAGO-An Intercontinental Real Estate Corp. investment fund pays $468 per sf for the retail portion of the mixed-used development that includes 620 condominiums and Embassy Suites hotel.