Foreclosure suit hits vintage Loop building
(Crain's) — The building's estimated value is less than the $12.7 million owed on it, according to a loan report from Bloomberg L.P.
South Loop's Roosevelt Collection borrows $145 million
(Crain's) — The owner of the Roosevelt Collection mixed-use project in the South Loop has borrowed $145 million as it courts tenants for the property's mostly empty retail space.
Accountancy consolidates in Elgin
(Crain's) — Also, local industrial broker Ken Szady moves to Newmark Grubb Knight Frank and a director resigns from Retail Properties of America.
East Loop apartment tower near groundbreaking
(Crain's) — The Summit on Lake is a 332-unit project estimated to cost $116 million.
Hines' challenge now: Find tenants for new tower
(Crain's) — Developers eyeing downtown projects will focus on users with leases that expire between 2015 and 2018 and won't balk at paying net rents of $35 or more.
Our most-viewed stories in the past week
(Crain's) — The announcement of a downtown office tower and the sale at auction of the Purple Hotel property made the list.
Former Esquire Theater site lands Christian Louboutin, construction loan
(Crain's) — Bank of America is providing $42.5 million for the planned Oak Street building, which is 80 percent leased.
Opus starts 310-unit apartment project in Lisle
(Crain's) — Also, 550 W. Washington Blvd. is on the market, as are the Deer Valley Luxury Apartment Homes in north suburban Lake Bluff.
PLS moves headquarters to 1 South Wacker
(Crain's) — One of Chicago's fastest-growing companies will shift its headquarters from the Fulton Market meatpacking district to a West Loop office tower, opting to stay in town after…
Golub buys Lincoln Park apartment portfolio
(Crain's) — The $23.1 million deal suggests a shift in style for the firm, best known as a builder and owner of high-end office and residential buildings downtown and in the suburbs.
Overdue loan puts Schaumburg office owner in a bind
(Crain's) — The 156,000-square-foot office building at 300 N. Martingale Road is fully leased but almost certainly worth much less than its debt, which will make refinancing difficult for…
Veteran broker launches new firm
(Crain's) — Brian Whiting's Telos Group already has more than 6.5 million square feet of Chicago leasing assignments, including Citadel Center and the Civic Opera Building.
$41 million rental phase on tap at former Stateway Gardens
(Crain's) — The venture developing the Park Boulevard on the former high-rise public housing site may hit the market with the new units at the right time to get in on the hot apartment sector.
Hines set to kick off 45-story office tower
(Crain's) — A joint venture that includes Larry Levy is set to announce as soon as Wednesday that financing is in place for the River Point project in the West Loop despite having no tenants…
Nokia puts 64-acre Arlington Heights campus on the market
(Crain's) — The Finnish telecom company will move all its employees there to the south end of the property, which it got in its acquisition of Motorola Inc. 's wireless network infrastructure…
Sheikh buys stake in Radisson Blu Aqua Hotel
(Crain's) — The interest was purchased from the builder, Magellan Development Group, and Carlson Rezidor Hotel Group, which runs the hotel.
Davis Street tapped to lease 900 North Michigan Shops
(Crain's) — Also, backpack and luggage manufacturer High Sierra moves its HQ to Gurnee on Monday, and Chicago Title signs a lease at 10 S. LaSalle.
Real estate investment firm files Chapter 11
(Crain's) — Inverness-based K&K Holdings has no tenants in some of its 19 properties, a lawyer for the firm says.
J. F. McKinney lands veteran leasing broker
(Crain's) — Mark Gunderson leaves the John Buck Co. to join the firm, which recently lost two senior people.
