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News Headlines

Restaurant for carnivores to open in West Loop

Chefs Thomas Rice and Kurt Guzowski plan to open Tete Charcuterie, offering a bar and a range of meat dishes, at 1114 W. Randolph St. 

Updated

Strategic Hotels rises after 'poison pill' measure dropped

The Chicago-based real estate investment trust said it would end the anti-takeover plan no later than June 14. It previously was set to expire on Nov. 30. 

Downtown apartment rents hit new high, but supply surge coming

Landlords have had the upper hand over tenants as demand for apartments has outpaced supply, but a construction wave will add more than 5,200 units to the downtown market by the end of 2014. 

In brief

Operations center moves in Schaumburg

Also, the future site of GEMS World Academy-Chicago on the Lakeshore East campus sells for $15.6 million, and Digital Realty Trust taps Newmark Grubb Knight Frank to lease a west suburban data center. 

Failed Melrose Park development pushes Mazola, Mauro into bankruptcy

They filed for personal Chapter 11 bankruptcy protection after FirstMerit Bank sought to collect on loan guarantees. 

Roosevelt Collection lands another retail tenant

Bevello LLC, a women's fashion retailer with a heavy footprint in the south, plans to open its second Chicago-area store in the South Loop apartment-and-retail complex. 

More stories

Introducing the Crain's Real Estate Team

Alby Gallun

Alby Gallun

Ryan Ori

Ryan Ori

Micah Maidenberg

Micah Maidenberg

We welcome your news tips and story ideas.

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Trend of the Week

Landlords have had the upper hand over tenants as demand for downtown apartments has outpaced supply, but a construction wave will add more than 5,200 units to the market by the end of 2014.  Read more


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Dealmakers

Richard Zisook is pushing ahead with his Webster Square development after a battle with Lincoln Park residents and the loss of a major tenant. He calls the project the 'most challenging' of his career.  Read more


Photos

John Heiberger, from left, of the PrivateBank, Grady Hamilton of Trammell Crow Co. and Andrew Tripp of Ungaretti & Harris attended NAIOP Chicago's event May 9 titled "An Evening with John Bucksbaum."  See all photos


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