Ross Glickman, who was terminated last month, sues to get his job back, accusing investor RAIT Financial Trust of undermining him and trying to squeeze him out.
(Bloomberg) — General Growth Properties Inc., the second-biggest U.S. mall owner, will replace Molex Inc. in the Standard & Poor's 500 Index, S&P Dow Jones Indices said in a statement today.
The owner of the 353-room River North hotel has decided to bring it into Marriott's Autograph Collection, an assortment of properties that the chain runs like independent brands.
W. P. Carey Inc. has sold five Chicago-storage facilities for almost twice what it paid for them in 2010, reflecting a jump in occupancy and strong investor demand for storage properties.
Carey Watermark Investors is buying the 553-room hotel from the Royal Bank of Scotland Group, which repossessed it last year after Walton Street Capital defaulted on $175 million in debt.
The brokerage plans to move from 311 S. Wacker to the 35-story tower at 321 N. Clark St., where it leased 61,400 square feet.
Also, the plans have been tweaked for the former site of the Purple Hotel, and a Schaumburg apartment complex is on the market.
Northbrook-based Michigan Avenue Real Estate Group, which already has about 400 units in the works, wants to develop two more buildings on the 1200 block of West Madison Street.
A Wilmette investor has raised the stakes in a legal fight over a large South Loop development site once controlled by former Blagojevich adviser and convicted felon Antoin “Tony” Rezko.
The real estate investor paid $6. 7 million to acquire Mark Hunt's interests in a Clybourn Corridor strip mall and a boutique Gold Coast office building, a sign that the feuding former partners can…
An Inland unit paid $20. 4 million to acquire the grocery chain's new, 76,230-square-foot store in Elmhurst, the fourth such deal involving affiliates of Inland and the subsidiary of Roundy's since…
A UBS fund acquired a joint venture stake in the Michigan Avenue mall, the most expensive Chicago-area commercial property by far to change hands this year.
Kimco Realty Corp. sold Matteson Center to a Cole Real Estate Investments entity, aiming to max out the value of a long-term lease it inked with PetSmart Inc. more than a year ago.
The company saw a nearly 21 percent gain in the deals for two complexes in Aurora and Naperville that total 472 units.
Unite Here Local 1 has launched an effort to enlist members at the billionaire entrepreneur's Des Plaines gambling palace, the state's most lucrative casino.
(Bloomberg) — Matthew Bucksbaum, who influenced how Americans shop and invest in retail real estate as co- founder of General Growth Properties Inc., the second-biggest U.S. owner of shopping malls, …
Also, a Hyde Park hotel is being converted to a La Quinta Inn & Suites, and nonprofit TASC is courting buyers for its headquarters building in the Clybourn Corridor.
Also, Pangea Properties promoted Steve Joung to president, and a New York REIT paid about $7.9 million for a three-building property south of O'Hare.
A venture of Scottsdale.-based Globe Corp. acquired the 167,000-square-foot building in a transaction that valued the property at $26.2 million, slightly less than the $27 million it sold for in 2003.
Clayco, Goettsch Partners and Cannon Design will collaborate the new office for the insurance giant at Meacham Road and Interstate 90.