Duke pays nearly $48 million for medical office building
(Crain's) — A new suburban medical building sold this month for nearly $48 million, generating a hefty return for its developer, a venture led by Chicago-based Sterling Bay Cos.
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How one man is bringing foreclosed homes to the rental market
(Crain's) — James McClelland runs the Mack Cos., a Tinley Park firm that buys and then rents foreclosed homes. Mr. McClelland talks with Alby Gallun about how he got started and what the…
Blackstone close to debt deal for attempt at Hancock takeover
(Crain's) — Blackstone Group L.P. is close to acquiring $100 million in debt on the John Hancock Tower in an effort to take over the Michigan Avenue skyscraper, according to a report.
In brief
River North apartment building expected to sell for $100 million-plus
(Crain's) — Also, temporary office space provider Regus plans to open four new Chicago-area locations in the first half, and Structured Development signs two tenants for a planned Clybourn…
Retail/apartment project planned for Roosevelt Road
(Crain's) — The Bond Cos. plans about 200,000 square feet of retail space and as many as 460 apartments between Canal and Clinton streets.
PGA Tour Superstore plans to open in Downers Grove
(Crain's) — PGA Tour Superstore's second Chicago-area location is to be in west suburban Downers Grove.
