Palmer House Hilton put up for sale
Thor Equities, the hotel's New York-based owner, has hired Jones Lang LaSalle Inc. to sell the property, hoping to get as much as $500 million..
Developers prepare for life without Purple Hotel
The firm that wants to redevelop the site has brought in new partners for the project and dropped plans to save the building.
Law firm expands at Prudential Plaza
Also, eight more local Checkers Drive-Ins are planned, and an industrial portfolio is refinanced.
Developers start 216-unit apartment building in West Loop
A joint venture and a fund broke ground yesterday on the $67 million project at Racine Avenue and Madison Street. Ascend CEO Walter Rebenson expects to secure a $42 million construction loan within…
Amid loan dispute, Giorango seeks sanctuary in bankruptcy
Michael "Jaws" Giorango, a convicted felon whose ties to former U. S. Senate hopeful Alexi Giannoulias made headlines during the 2010 campaign, filed a Chapter 13 petition, blocking a foreclosure sale …
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.
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.
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.
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.
Jones Lang LaSalle names new top finance exec
Christie Kelly is joining the company from Duke Realty Corp.
Mining firm picks Michigan Avenue building for new Chicago HQ
Coeur d'Alene Mines Corp. , which is moving to Chicago from Idaho, has signed a lease for two floors, or nearly 30,000 square feet, in the 101-year-old Monroe Building at 104 S. Michigan Ave. , which…
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.
Our most-viewed stories in the past week
The Purple Hotel, apartment plans and Bucktown make the list.
Purple Hotel to face the wrecking ball
The owners have told the village of Lincolnwood that they now plan to tear down the long-shuttered inn with a colorful exterior and history, dropping a redevelopment plan that would have saved the…
Wacker Drive office tower sells for $218 million
Also, a Schaumburg mall is part of a portfolio deal and a law firm reduces its office space at 77 W. Wacker.
Skokie investor buys medical offices in Elk Grove Village
Stage Equity Partners LLC paid $7.2 million for a 52,126-square-foot property on the Alexian Brothers Medical Center campus.
Express to open State Street store
The clothier leased about 11,000 square feet currently occupied by New York & Co., illustrating how a tight retail market in the Loop is helping downtown landlords.
Donald Trump gets scolding from Chicago judge during testimony
(AP) — A federal judge scolded Donald Trump and a lawyer questioning the developer-turned-TV personality to stop their verbal sparring during his testimony at a civil trial today.
Roger Greenfield plans another downtown restaurant
Founder of the Bar Louie chain has signed a lease for a 8,500-square-foot retail space in a vintage high-rise at 188 W. Randolph St. that was recently converted to apartments.
City panel approves TIF subsidy for West Loop affordable housing
The Community Development Commission unanimously approved grant for a 61-unit apartment building for people who are homeless or at risk of becoming homeless.
