https://www.bisnow.com/sitemap Bisnow Chicago News http://blogs.law.harvard.edu/tech/rss en-US Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/chicago/news/office/chicago-suburban-office-market-q1-134068 https://www.bisnow.com/chicago/news/office/chicago-suburban-office-market-q1-134068 For the Chicago suburban office market, it’s out with the old and in with nothing new.  Since 2020, about 13.6M SF of suburban office has changed hands, and roughly half of that — about 6.3M SF — has been removed from the market as it is redeveloped... ryan.wangman@bisnow.com Thu, 09 Apr 2026 16:30:43 -0400 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/chicago/news/deal-sheet/habitat-townhomes-solo-cup-chicago-deal-sheet-134014 https://www.bisnow.com/chicago/news/deal-sheet/habitat-townhomes-solo-cup-chicago-deal-sheet-134014 The Habitat Co. announced a joint venture with M/I Homes of Chicago that is moving forward to develop The Bowery of Highland Park, a community of 227 for-sale townhomes on the former Solo Cup Co. site in Highland Park. The firms are set to close on the... ryan.wangman@bisnow.com Tue, 07 Apr 2026 14:32:06 -0400 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/chicago/news/office/chicago-office-office-sales-nai-hiffman-studiob-133969 https://www.bisnow.com/chicago/news/office/chicago-office-office-sales-nai-hiffman-studiob-133969 In 2025, office building sales grew by 35% nationally. Annual leasing activity shot up more than 5% year-over-year in the fourth quarter, and vacancy rates fell nearly 1.5% to 18.4%. In Chicago alone, there were 37 transactions of buildings over 20K... emily.lynch@bisnow.com Thu, 02 Apr 2026 16:16:20 -0400 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/national/news/capital-markets/cmbs-special-servicing-increase-trepp-133998 https://www.bisnow.com/national/news/capital-markets/cmbs-special-servicing-increase-trepp-133998 Several major office-backed CMBS loans transferred to special servicing last month, leading a key indicator of commercial real estate loan distress to reach its highest level in more than a year.  noah.zucker@bisnow.com Tue, 07 Apr 2026 12:15:59 -0400 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/chicago/news/multifamily/standard-real-estate-investments-acquires-suburban-apartment-community-for-61m-133984 https://www.bisnow.com/chicago/news/multifamily/standard-real-estate-investments-acquires-suburban-apartment-community-for-61m-133984 Standard Real Estate Investments acquired Martin's Point, a 256-unit, garden-style apartment community in Lombard, Illinois, as a part of a joint venture targeting value-add multifamily investment opportunities in the Midwest.  ryan.wangman@bisnow.com Mon, 06 Apr 2026 14:35:30 -0400 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/chicago/news/women/chicago-women-leading-real-estate-event-133964 https://www.bisnow.com/chicago/news/women/chicago-women-leading-real-estate-event-133964 TJ Edwards, who started her career working for the federal government after graduating with an architectural engineering degree, figured she would work hard and promotions would follow. But that didn’t happen.  She pursued leadership development... ryan.wangman@bisnow.com Thu, 02 Apr 2026 14:45:38 -0400 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/chicago/news/deal-sheet/the-chicago-deal-sheet-133907 https://www.bisnow.com/chicago/news/deal-sheet/the-chicago-deal-sheet-133907 The family office of Milwaukee Bucks player Giannis Antetokounmpo made its second Chicago multifamily purchase this year, paying $21M for the property at 948 W. Sunnyside Ave. Ante scooped up the 59-unit Portrait apartment building just months after buying... ryan.wangman@bisnow.com Tue, 31 Mar 2026 09:52:47 -0400 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/chicago/news/commercial-real-estate/two-men-charged-in-killing-of-1901-project-contractor-133917 https://www.bisnow.com/chicago/news/commercial-real-estate/two-men-charged-in-killing-of-1901-project-contractor-133917 Two men face first-degree murder charges in the shooting death of Jerry Lewis, a Chicago businessman involved in the $7B United Center redevelopment.  ryan.wangman@bisnow.com Tue, 31 Mar 2026 12:35:46 -0400 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/chicago/news/multifamily/eastham-capital-and-bender-cos-buy-24m-suburban-multifamily-building-133868 https://www.bisnow.com/chicago/news/multifamily/eastham-capital-and-bender-cos-buy-24m-suburban-multifamily-building-133868 A joint venture of Eastham Capital and Bender Cos. scooped up a 168-unit apartment community in Glendale Heights for $24.1M from a venture managed by Chase Chavin.  ryan.wangman@bisnow.com Fri, 27 Mar 2026 14:42:06 -0400 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/national/news/adaptive-reuse/office-resi-conversions-up-28-percent-from-last-year-record-levels-133841 https://www.bisnow.com/national/news/adaptive-reuse/office-resi-conversions-up-28-percent-from-last-year-record-levels-133841 At the start of 2026, 90,300 apartments were in the process of conversion from office space nationwide, a 28% increase from 70,600 at the same time last year. Office conversions now account for 47% of future adaptive reuse projects nationwide, according... bianca.barragan@bisnow.com Thu, 26 Mar 2026 12:03:15 -0400 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/chicago/news/multifamily/why-doesnt-chicago-build-more-apartments-133834 https://www.bisnow.com/chicago/news/multifamily/why-doesnt-chicago-build-more-apartments-133834 Chicago's multifamily market is looking more and more like a house of cards in 2026 — skinnier at the top as fewer new units are delivered and with a shakier base as rent growth continues to climb. ryan.wangman@bisnow.com Wed, 25 Mar 2026 18:13:34 -0400 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/chicago/news/healthcare/outpatient-healthcare-facilities-leopardo-studiob-133308 https://www.bisnow.com/chicago/news/healthcare/outpatient-healthcare-facilities-leopardo-studiob-133308 The healthcare industry is in the midst of what has been dubbed an “outpatient revolution.”  JLL’s 2025 Medical Outpatient Building Perspective stated that outpatient volumes in the U.S. will grow 10.6% over the next five years, driven by patient... julia.troy@bisnow.com Thu, 19 Feb 2026 11:45:45 -0500 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/chicago/news/deal-sheet/the-chicago-deal-sheet-133788 https://www.bisnow.com/chicago/news/deal-sheet/the-chicago-deal-sheet-133788 Brennan Investment Group and Reinsurance Group of America secured $59M in refinancing for a three-building industrial portfolio totaling 648K SF across the Chicago and Cincinnati metropolitan areas. ryan.wangman@bisnow.com Tue, 24 Mar 2026 10:18:33 -0400 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/chicago/news/data-center-development/joliet-oks-20b-data-center-as-illinois-seeks-to-make-large-developers-pay-more-for-projects-133777 https://www.bisnow.com/chicago/news/data-center-development/joliet-oks-20b-data-center-as-illinois-seeks-to-make-large-developers-pay-more-for-projects-133777 The Joliet City Council approved a 795-acre, $20B data center proposal late last week despite community concerns, as a state commission gave the go-ahead on new charges for large data center projects.  ryan.wangman@bisnow.com Mon, 23 Mar 2026 12:55:17 -0400 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/chicago/news/office/cbre-savills-thompson-center-leasing-google-133719 https://www.bisnow.com/chicago/news/office/cbre-savills-thompson-center-leasing-google-133719 Google's long-awaited move to the renovated Thompson Center in the Central Loop is finally crystallizing, with the tech giant tapping top brokerages to oversee office and retail leasing as it readies to set up shop in the building in 2027.  ryan.wangman@bisnow.com Wed, 18 Mar 2026 16:15:51 -0400 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/chicago/news/commercial-real-estate/future-white-sox-owner-47-acre-potential-stadium-site-133713 https://www.bisnow.com/chicago/news/commercial-real-estate/future-white-sox-owner-47-acre-potential-stadium-site-133713 The private equity firm of Justin Ishbia, the future owner of the Chicago White Sox, is close to a deal to acquire a 47-acre rail yard in the South Loop, reigniting the possibility of a new stadium for the team. ryan.wangman@bisnow.com Wed, 18 Mar 2026 13:00:49 -0400 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/chicago/news/commercial-real-estate/cook-county-assessor-election-results-133704 https://www.bisnow.com/chicago/news/commercial-real-estate/cook-county-assessor-election-results-133704 Lyons Township Assessor Pat Hynes unseated incumbent Fritz Kaegi in the Democratic primary for Cook County assessor Tuesday by a 317,969 to 287,955 margin with 87% of votes counted. Hynes is likely to secure a victory in November's general election,... ryan.wangman@bisnow.com Tue, 17 Mar 2026 17:14:52 -0400 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/chicago/news/deal-sheet/industrial-project-vacant-land-chicago-deal-sheet-133694 https://www.bisnow.com/chicago/news/deal-sheet/industrial-project-vacant-land-chicago-deal-sheet-133694 Chicago Department of Planning and Development Commissioner Ciere Boatright announced the city selected a $23.7M project planned by the Missner Group and Cabrera Capital to replace about 8 acres of vacant land at 1924 W. 46th St.  ryan.wangman@bisnow.com Tue, 17 Mar 2026 14:35:48 -0400 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/chicago/news/commercial-real-estate/whats-up-with-the-chicago-bears-relocation-133693 https://www.bisnow.com/chicago/news/commercial-real-estate/whats-up-with-the-chicago-bears-relocation-133693 The Chicago Bears’ stadium saga has spanned seven starting quarterbacks, three head coaches and two playoff games, leaving fans, lawmakers and developers tapping their watches as the team drags out its search process for a new home. People have been... ryan.wangman@bisnow.com Tue, 17 Mar 2026 14:17:16 -0400 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/chicago/news/commercial-real-estate/chicago-broadway-upzoning-lawsuit-133665 https://www.bisnow.com/chicago/news/commercial-real-estate/chicago-broadway-upzoning-lawsuit-133665 The city is preparing for a legal battle over its rezoning of a sizable stretch of Broadway in Edgewater and Uptown to allow for taller, denser buildings and a wider range of business uses. ryan.wangman@bisnow.com Mon, 16 Mar 2026 12:16:51 -0400 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/chicago/news/multifamily/chicago-suburban-multifamily-investment-rising-133605 https://www.bisnow.com/chicago/news/multifamily/chicago-suburban-multifamily-investment-rising-133605 The battle for Chicago suburban multifamily properties is heating up. The suburbs’ strong multifamily rent growth and dry construction pipeline are piquing investor interest, even as the national apartment outlook softens, panelists said at Bisnow’s... ryan.wangman@bisnow.com Wed, 11 Mar 2026 11:43:54 -0400 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/chicago/news/deal-sheet/the-chicago-deal-sheet-133591 https://www.bisnow.com/chicago/news/deal-sheet/the-chicago-deal-sheet-133591 The Barack Obama Foundation announced that the long-awaited Obama Presidential Center will open with four days of celebrations spanning June 18-21. A dedication ceremony on the John Lewis Plaza is June 18, and the campus and museum will open to the public... ryan.wangman@bisnow.com Tue, 10 Mar 2026 16:00:59 -0400 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/chicago/news/office/28m-sf-aon-center-goes-back-to-special-servicing-133561 https://www.bisnow.com/chicago/news/office/28m-sf-aon-center-goes-back-to-special-servicing-133561 The Aon Center, a massive office building at 200 E. Randolph St., is returning to special servicing three years after it first made a stop. ryan.wangman@bisnow.com Mon, 09 Mar 2026 12:35:05 -0400 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/chicago/news/industrial/amazon-partner-inks-1m-warehouse-lease-in-chicago-suburbs-133541 https://www.bisnow.com/chicago/news/industrial/amazon-partner-inks-1m-warehouse-lease-in-chicago-suburbs-133541 Crane Worldwide Logistics signed a massive 992K SF lease in suburban McCook that it will operate in conjunction with Amazon to store the tech titan's data center equipment. ryan.wangman@bisnow.com Fri, 06 Mar 2026 13:15:22 -0500 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/chicago/news/deal-sheet/the-chicago-deal-sheet-133508 https://www.bisnow.com/chicago/news/deal-sheet/the-chicago-deal-sheet-133508 L3 Capital bought 3030 North Broadway, a five-story, 132K SF center anchored by a Mariano's, for $50.1M from Site Centers Corp.  The retail center, which serves Lakeview and Lincoln Park, also includes an LA Fitness, a PNC Bank location, a Starbucks... ryan.wangman@bisnow.com Wed, 04 Mar 2026 14:34:39 -0500 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/chicago/news/industrial/rjw-signs-790k-sf-industrial-lease-trammell-crow-announces-projects-next-phase-133465 https://www.bisnow.com/chicago/news/industrial/rjw-signs-790k-sf-industrial-lease-trammell-crow-announces-projects-next-phase-133465 RJW Logistics Group inked a 788K SF lease at Plainfield Business Center in Plainfield, with developer Trammell Crow Co. announcing it would start work on an identical-size spec building in the second quarter.  ryan.wangman@bisnow.com Mon, 02 Mar 2026 12:12:13 -0500 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/chicago/news/industrial/chicago-industrial-investor-activity-leasing-volume-133446 https://www.bisnow.com/chicago/news/industrial/chicago-industrial-investor-activity-leasing-volume-133446 Chicago-area industrial is boring — and that’s a good thing.  Far from putting prospective investors to sleep, the sector’s steady fundamentals are luring midmarket buyers who are chasing attractive returns to the center of the country. ryan.wangman@bisnow.com Fri, 27 Feb 2026 14:31:12 -0500 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/chicago/news/commercial-real-estate/its-a-global-competition-the-rising-stakes-of-illinois-quantum-push-133404 https://www.bisnow.com/chicago/news/commercial-real-estate/its-a-global-competition-the-rising-stakes-of-illinois-quantum-push-133404 The Illinois Quantum and Microelectronics Park project is coming into sharper focus as its stakeholders position the landmark development to compete on the world stage.  Nearly a year and a half after the South Chicago project was first announced,... ryan.wangman@bisnow.com Wed, 25 Feb 2026 13:18:30 -0500 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/chicago/news/commercial-real-estate/chicago-capital-markets-133383 https://www.bisnow.com/chicago/news/commercial-real-estate/chicago-capital-markets-133383 Stakeholders in Chicago’s capital markets believe CRE is due for a big year of investment activity in 2026. ryan.wangman@bisnow.com Tue, 24 Feb 2026 18:03:04 -0500 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/chicago/news/deal-sheet/the-chicago-deal-sheet-133373 https://www.bisnow.com/chicago/news/deal-sheet/the-chicago-deal-sheet-133373 Annenberg Investments, alongside an undisclosed local investment group, acquired a former senior housing community that it plans to turn into apartments. Annenberg purchased the 14-story property at 3121 N. Sheridan Road for about $30M, sources told... ryan.wangman@bisnow.com Tue, 24 Feb 2026 14:21:06 -0500