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Trend of the Week

Chicago-area retail building expected to rise 6 percent

(Crain's) — Shopping center development is expected to rise even more in 2013, with stores such as Target, Costco and Mariano's Fresh Market leading the comeback. 

Downtown office sales highest since 2007

(Crain’s) — The trend of rising transactions is expected to continue amid low interest rates and an improving office leasing market. 

Retail vacancy falls, but 'big divide' in submarkets

(Crain's) — The rate improved for a seventh straight quarter, but as tenants continue to flock to top-quality shopping centers, landlords in outlying suburbs still face challenges. 

Industrial vacancy lowest in 3 years

(Crain's) — The fourth quarter also brought the first back-to-back rise in demand in the Chicago area since 2007. 

Suburban offices take another step on long road

(Crain's) — The vacancy rate dipped again, but the improvement doesn’t reflect a market shift in favor of landlords. 

Downtown offices end year on upswing

(Crain's) — The vacancy rate fell in the fourth quarter, capping a yearlong string of improvements. 

Chicago hotel sales trail off after fast start

(Crain's) — Nineteen local properties have sold this year for a total of almost $706 million, a big jump from 2010. But a lot of the deals took place in the first half. 

Delinquency highest since crash on local securitized loans

(Crain’s) — The rising rate belies the broader recovery but may confirm fears that the worst is yet to come in real estate lending. 

Building blocked: Construction still down in Chicago area

(Crain's) — Contracts are down almost 6% in the first 10 months of the year as the recovery still is not generating enough demand to justify new projects. 

Late loans dip, but billions in maturities coming

(Crain's) — The decline in delinquencies hasn’t erased concerns that many borrowers will be unable to repay the large volume of loans made at the peak of the market. 

Suburban apartments fuller amid record-high rents

(Crain's) — Occupancies are now at their highest level in four years, with the good times expected to continue in 2012. 

Rents, occupancies stumble at high-end downtown apartments

(Crain’s) — The hot downtown apartment market cooled off in the third quarter, as rents at high-end buildings slipped for the first time in nearly two years. 

Zell REITs lead, General Growth lags local real estate stocks

(Crain's) — Equity LifeStyle Properties, Sam Zell's mobile-home park company, is hot, while mall owner General Growth Properties is not in a volatile year for local real estate stocks. 

'Persistent funk' dogs Chicago real estate market

(Crain's) — Investors show increased confidence in the Chicago-area commercial property sector, but a survey indicates they expect slow growth locally and nationally in 2012. 

Retail landlords face stagnant economy, demanding tenants

(Crain’s) — Local retail leasing continues a gradual recovery, but landlords and brokers are braced for a long, gradual climb out of a tough economy. 

Industrial vacancy lowest since early 2009

(Crain’s) — The slowing economy isn’t slowing down the local market for industrial real estate. 

Suburban office vacancies creep back up in third quarter

(Crain's) — The suburban office market took a step backward in the third quarter, ending a yearlong streak of declining vacancies. 

Downtown office vacancy improves for 3rd straight quarter

(Crain's) — Downtown office landlords took another step forward in the third quarter, but a sputtering economy could stand in the way of a full recovery. 

Local apartment sales at nearly $1 billion and counting

(Crain’s) — With several big downtown buildings expected to sell in the next three months, 2011 is shaping up as the strongest year for local apartment sales in at least four years. 

City hotel occupancy, rates keep rising

(Crain's) — Occupancy and room rates have continued to climb at Chicago hotels this year, but a stalling economy could end that trend. 

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