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News Headlines

Specialty grocer chooses Old Town for first Chicago store

(Crain's) — Suburban Detroit-based Plum Market plans to ratchet up the battle for Near North Side shoppers. 

Controversial Wrigleyville project moves forward

(Crain's) — The Chicago Plan Commission approved a 269-unit apartment project in the North Side neighborhood that drew opposition from residents. 

New Landmarks Illinois chief pushes broad vision

(Crain's) — Bonnie McDonald says historic structures can have a sweeping community influence — a vision usually not shared by developers. "When you apply it as a tool, you can make an…

In brief: Software firm consolidates space in Buffalo Grove

(Crain's) — Quest Software eliminating more than half of its office space in the northwest suburbs, the University of Chicago and preservationists swap easements, and an MB Financial Bank…

Our most-viewed stories in the past week

(Crain's) — A proposal to build a 269-unit apartment project in Wrigleyville topped the list this week. 

Equity Residential to be shut out of Archstone

(Reuters) — Lehman Brothers Holdings Inc., one of three owners of Archstone, has reached a deal to buy the last portion of the apartment company it does not own for $1.58 billion, sources with…

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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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Photos

Eugene W. Stunard, left, of Appraisal Research Counselors and Richard Curto of RSC & Associates attended the Chicago Real Estate Council's networking event May 16.  See all photos


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Trend of the Week

Suburban apartment landlords got off to a solid start in the first quarter, adding new tenants and hiking rents to an all-time high. Yet rent growth has slowed in the past few quarters, and the job market, which drives demand for apartments, seems to be losing momentum.  Read more


Dealmakers

David Reis' Senior Care Development LLC leads the venture that agreed to buy the failed Gold Coast senior living facility Clare at Water Tower. He plans an aggressive marketing campaign and says the deal gives the new owners “tremendous flexibility” in pricing.  Read more


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