City pension plans fire politically connected real estate fund manager
(Crain's) — Move prompts lawsuit almost three years after a Daley nephew quits firm amid controversy.
Hyatt to run 3 hotels in Saudi Arabia
(Crain's) — Also, the sale of the Echelon at K Station apartments closes and a mixed-use building in the West Loop sold for $2.65 million.
Panel gives preliminary OK to landmarking Wrigley Building
(Crain's) — The Wrigley Building has passed a key first step in the landmarking process.
Illinois AG sues Fla. mortgage document company
(Crain's) — Also, a receiver is named for the former site of the New City Y and a speculative industrial building is under way in Elgin.
Equity Residential's profitability rises but misses Street
(AP) — Equity Residential said Wednesday that its results improved in the fourth quarter as rental income increased and its one-time charges declined.
Suburban office building slated to sell for almost $50 million
(Crain's) — Bridge Development Partners LLC is selling a 163,000-square-foot Lincolnshire office building that has sat vacant since it was completed in 2009 but will soon become the…
Fairmont Chicago owner buys loan on Lakeshore Athletic Club
(Crain's) — The purchase is a possible first step in a takeover of the club, which could serve as a new amenity for Fairmont guests or even be torn down to make way for more hotel rooms.
Hancock owner poised to fight any takeover try: report
(Crain's) — A fund of Goldman Sachs Group Inc. will battle lenders on the John Hancock Center instead of relinquishing the tower, according to a report.
Canadian firm agrees to buy 200 N. LaSalle
(Crain's) — The price of more than $95 million suggests seller Younan Properties will be able to pay off a securitized mortgage on the property that came due in October.
Trump suspends retail leasing effort: 'I'm in no rush'
(Crain's) — The four-level space at the bottom of the Trump International Hotel & Tower still has no stores or restaurants, save for a small salon that serves the hotel.
Solo Cup looks to auction 28-acre former HQ site
(Crain's) — Solo Cup Co. has hired CBRE Inc. to auction its former headquarters in Highland Park about three years after the collapse of an earlier deal to sell the property.
Dan McCaffery to be featured guest at Crain's forum
(Crain's) — Developer Daniel McCaffery is the featured guest for the Crain's Real Estate Forum scheduled for Wednesday, Feb. 15.
Lombard apartment complex for sale
(Crain's) — Also, MB Real Estate takes over leasing and management of the Inland Steel Building and the Commission on Chicago Landmarks will take up a preliminary proposal to give the Wrigley…
Veteran rep rejoins Studley as Buck scraps tenant brokerage
(Crain’s) — Veteran tenant broker Greg Gerber has left the John Buck Co., which has shut down its tenant advisory business, and rejoined Studley Inc., where he worked for 12 years.
Duke pays nearly $48 million for medical office building
(Crain's) — A new suburban medical building sold this month for nearly $48 million, generating a hefty return for its developer, a venture led by Chicago-based Sterling Bay Cos.
Blackstone close to debt deal for attempt at Hancock takeover
(Crain's) — Blackstone Group L.P. is close to acquiring $100 million in debt on the John Hancock Tower in an effort to take over the Michigan Avenue skyscraper, according to a report.
Our most-viewed stories in the past week
(Crain's) — News that Target Corp. paid $8.8 million for a Clybourn Corridor parcel was the most-viewed story in the past week at ChicagoRealEstateDaily.com.
River North apartment building expected to sell for $100 million-plus
(Crain's) — Also, temporary office space provider Regus plans to open four new Chicago-area locations in the first half, and Structured Development signs two tenants for a planned Clybourn…
PGA Tour Superstore plans to open in Downers Grove
(Crain's) — PGA Tour Superstore's second Chicago-area location is to be in west suburban Downers Grove.
4-building sale in Vernon Hills to fetch $36.5 million
(Crain's) — One out-of-state owner is replacing another in a $36.5 million sale of four office buildings in north suburban Vernon Hills.
