http://www.chicagorealestatedaily.com/ ChicagoRealEstateDaily.com Fri, 04 Jul 2008 21:15:01 -0400 http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=30072 (Crain’s) — Gap Inc. last week closed its store at Madison and Dearborn streets, where the clothing chain had been for almost two decades, while Citigroup Inc. plans to open a branch nearby in the Loop. The Gap at Three First National Plaza, 70 W. Madison St., is one of 65 Gap stores being ... http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=30072 Thu, 03 Jul 2008 11:54:00 -0400 http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=30070 (Crain’s) — In a bid to strengthen its services amid the slowdown in construction, prominent Chicago architecture firm Perkins & Will Inc. on Wednesday acquired Environments Group, a much smaller rival that specializes in office interiors. The deal more than triples Perkins & Will’s local ... http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=30070 Thu, 03 Jul 2008 11:01:00 -0400 http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=30050 (Crain’s) — In another sign of the woes in the residential market, a unit of Bank of America Corp. has filed foreclosure lawsuits seeking to recover $25.1 million on two South Side developments owned by the former principals of well-known retail real estate brokerage Northern Realty Group ... http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=30050 Wed, 02 Jul 2008 08:25:00 -0400 http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=30049 (Crain’s) — Chicago developer Duke Miglin personally owes about $1 million after the foreclosure sale of a Near West Side warehouse where he once planned a retail development anchored by a fitness center. The May 30 sale came a few weeks after Elmhurst-based Suburban Bank & Trust Co. won a ... http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=30049 Wed, 02 Jul 2008 08:20:00 -0400 http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=30048 (Crain’s) — Retailing in the Loop is getting sweeter. Iconic Chicago chocolate maker Fannie May Confections Inc. plans to open a new store on Wabash Avenue, near the candy company’s former flagship location at the corner of Wabash and Randolph Street. And right next door to the new Fannie ... http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=30048 Wed, 02 Jul 2008 08:06:00 -0400 http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=30047 (Crain’s) — A New York developer has a tentative deal to buy a sought-after property near McCormick Place, where Skokie-based Alter Group Ltd. had hoped to build a mixed-use project with as many as 1,500 hotel rooms. Extell Development Co. has the 3.7-acre American Book Co. site under ... http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=30047 Wed, 02 Jul 2008 08:02:00 -0400 http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=30046 (Crain’s) — Rousing the local hotel investment market from its slumber, a pension fund adviser has emerged as the leading bidder for the Hotel Monaco downtown, while a German investor has paid nearly $40 million for the land beneath the Renaissance Chicago Hotel just two blocks away. ... http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=30046 Wed, 02 Jul 2008 07:56:00 -0400 http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=30030 (Crain’s) — Paul Stuart Inc. has found a new home in Chicago. The upscale men’s retailer whose longtime site in the John Hancock Center is to become a Best Buy Co. electronics store, is moving to a three-story building at 107 E. Oak St. “It is perfect for Paul Stuart,” Cliff Grodd, ... http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=30030 Tue, 01 Jul 2008 14:51:00 -0400 http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=30026 Corus makes loan for Manhattan condo building Corus Bank closed this month on a $27.5-million construction loan for a luxury condominium project in New York City, its Chicago-based parent said. The building, in Gramercy Park, is to be 11 stories and have nine condo units. Corus Bankshares Inc. ... http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=30026 Tue, 01 Jul 2008 12:23:00 -0400 http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=30025 (Crain’s) — A recently formed real estate investment trust that specializes in nursing homes plans to raise as much as $200 million in an initial public offering. Chicago-based Aviv REIT Inc., which owns 156 properties in 20 states, plans to list its shares on the New York Stock Exchange ... http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=30025 Tue, 01 Jul 2008 12:22:00 -0400 http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=30024 (Crain’s) — News that upscale Minneapolis restaurant chain Oceanaire Seafood Room has agreed to open its first Chicago location at the office tower under construction at 353 N. Clark St. was the most most-viewed story in June on ChicagoRealEstateDaily.com. Here are the top five for last month: ... http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=30024 Tue, 01 Jul 2008 11:00:00 -0400 http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=30011 (Crain’s) — Less than a year after emerging from Chapter 11 bankruptcy protection, Bally Total Fitness Holding Co. is looking to expand its roster of more than 350 health clubs nationwide, hiring Jones Lang LaSalle Inc. as its real estate adviser. Jones Lang will handle all lease transactions ... http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=30011 Mon, 30 Jun 2008 12:40:00 -0400