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/economic-development/108-acre-hawthorne-race-course-to-trade-bankruptcy-sale-potential-closure-135435 https://www.bisnow.com/chicago/news/economic-development/108-acre-hawthorne-race-course-to-trade-bankruptcy-sale-potential-closure-135435 The oldest racetrack in Illinois could soon cease horse racing operations after a bankruptcy process drummed up just one interested buyer who plans to rework the property.  ryan.wangman@bisnow.com Wed, 15 Jul 2026 10:35:08 -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-ranks-third-ai-job-growth-office-market-stands-to-benefit-135497 https://www.bisnow.com/chicago/news/office/chicago-ranks-third-ai-job-growth-office-market-stands-to-benefit-135497 The number of roles tied to artificial intelligence is picking up in the Chicago market, with companies’ bets on new hires potentially bolstering the city’s office market in the coming years.  Hiring momentum for AI-related roles has picked up in... ryan.wangman@bisnow.com Mon, 20 Jul 2026 17:48:42 -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/data-center-myths-clune-construction-studiob-135149 https://www.bisnow.com/chicago/news/data-center-development/data-center-myths-clune-construction-studiob-135149 Few types of construction projects generate more public debate than data centers. Headlines often focus on power demand, water use and artificial intelligence, while the people who build these facilities and the critical daily functions they support are... julia.troy@bisnow.com Wed, 24 Jun 2026 11:47:36 -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/mapletree-industrial-development-investment-chicago-deal-sheet-135407 https://www.bisnow.com/chicago/news/deal-sheet/mapletree-industrial-development-investment-chicago-deal-sheet-135407 Mapletree Investments started work on a 419K SF industrial facility at 1851 Brandon Road in Joliet. The property sits on a 29.4-acre site, and delivery is scheduled for the first quarter. Mapletree owns and manages about 9.8M SF of industrial assets... ryan.wangman@bisnow.com Tue, 14 Jul 2026 11:34:01 -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/economic-development/chicago-fire-stadium-could-get-west-loop-tif-boost-135395 https://www.bisnow.com/chicago/news/economic-development/chicago-fire-stadium-could-get-west-loop-tif-boost-135395 Related Midwest may get a leg up to its development of the Chicago Fire's new stadium at The 78 after a city committee approved $425M in tax increment financing to help with infrastructure costs at the site.   ryan.wangman@bisnow.com Mon, 13 Jul 2026 13:08:41 -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/chicagos-older-apartments-are-running-out-of-room-to-raise-rent-135389 https://www.bisnow.com/chicago/news/multifamily/chicagos-older-apartments-are-running-out-of-room-to-raise-rent-135389 Class-C apartment operators in Chicago are buoyed by many of the tailwinds bolstering the city’s multifamily market as a whole: limited new supply, rising rent growth and recovering investor interest. But rising operating costs have squeezed margins... ryan.wangman@bisnow.com Sun, 12 Jul 2026 13:00:17 -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/thompson-center-google-downtown-office-leasing-135365 https://www.bisnow.com/chicago/news/office/thompson-center-google-downtown-office-leasing-135365 Plans for Google's highly anticipated Thompson Center redevelopment are nearing completion, almost four years after the tech giant announced its intent to move into the iconic Central Loop building, with the company expected to occupy more than half of... ryan.wangman@bisnow.com Thu, 09 Jul 2026 12:11:46 -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/healthcare/why-jdl-sees-healthcare-as-crucial-foundry-park-megaproject-135342 https://www.bisnow.com/chicago/news/healthcare/why-jdl-sees-healthcare-as-crucial-foundry-park-megaproject-135342 JDL Development’s Foundry Park megaproject has made headlines on the back of its sweeping plans to bring more than 3,000 new housing units to a portion of the former Lincoln Yards site, but CEO Jim Letchinger also envisions the development’s healthcare... ryan.wangman@bisnow.com Mon, 06 Jul 2026 11:25:24 -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/chicago-deal-sheet-135323 https://www.bisnow.com/chicago/news/deal-sheet/chicago-deal-sheet-135323 RPM Living acquired a 324-unit apartment tower at 840 W. Blackhawk St. in Lincoln Park for $125.2M from PGIM. ryan.wangman@bisnow.com Tue, 07 Jul 2026 11:51:07 -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/adaptive-reuse/lawsuit-against-developers-of-184m-lasalle-street-conversion-allowed-to-continue-135283 https://www.bisnow.com/chicago/news/adaptive-reuse/lawsuit-against-developers-of-184m-lasalle-street-conversion-allowed-to-continue-135283 The $184M redevelopment of a Loop office building into 400 apartments hit a legal snag after a judge ruled he would allow a lawsuit against the developer to continue. ryan.wangman@bisnow.com Thu, 02 Jul 2026 12:13:43 -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/office/stripe-more-than-doubles-office-footprint-chicago-lease-expansion-135267 https://www.bisnow.com/chicago/news/office/stripe-more-than-doubles-office-footprint-chicago-lease-expansion-135267 Payment services company Stripe is set to expand its River North office space by more than 130K SF, a sizable deal in a market with pockets of high vacancy.  ryan.wangman@bisnow.com Wed, 01 Jul 2026 14:42:53 -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-135239 https://www.bisnow.com/chicago/news/deal-sheet/the-chicago-deal-sheet-135239 Prologis acquired 26.2 acres in Glendale Heights in Central DuPage, with plans to build two Class-A logistics facilities totaling 454K SF.  The company stated in a release that the deal strengthens its footprint in the Chicago area and enables the company... ryan.wangman@bisnow.com Mon, 29 Jun 2026 17:39:50 -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/economic-development/the-parking-problem-that-chicago-developers-want-to-build-around-135227 https://www.bisnow.com/chicago/news/economic-development/the-parking-problem-that-chicago-developers-want-to-build-around-135227 Chicago has made significant strides in advancing transit-oriented development with key stakeholders leveraging the city’s sprawling public transit infrastructure. ryan.wangman@bisnow.com Mon, 29 Jun 2026 15:59:35 -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/blackstone-originated-loan-default-601w-companies-135188 https://www.bisnow.com/chicago/news/office/blackstone-originated-loan-default-601w-companies-135188 The $343M loan tied to a 40-story office building at One S. Wacker Drive has defaulted after reaching maturity. The building's owner, 601W Cos., defaulted on the Blackstone Mortgage Trust-originated loan on June 9, according to Bloomberg.  601W Cos.... nancy.sheppard@bisnow.com Thu, 25 Jun 2026 14:10:11 -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/affordable-housing/holsten-real-estate-development-sell-portfolio-135120 https://www.bisnow.com/chicago/news/affordable-housing/holsten-real-estate-development-sell-portfolio-135120 Holsten Real Estate Development has listed its entire 2,638-unit rental portfolio for sale as its founder, Peter Holsten, prepares for retirement.  The company, known for operating affordable housing in the Chicago area, has hired Walker & Dunlop... nancy.sheppard@bisnow.com Tue, 23 Jun 2026 09:40:57 -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/glenstar-acquires-west-loop-office-tower-steep-discount-135133 https://www.bisnow.com/chicago/news/office/glenstar-acquires-west-loop-office-tower-steep-discount-135133 Chicago-based Glenstar, in partnership with a high net worth private investor, has acquired the skyscraper at 500 W. Monroe St. in the West Loop. The reported sales price would be one of the steepest discounts in downtown Chicago's history. nancy.sheppard@bisnow.com Tue, 23 Jun 2026 14:13:37 -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/pjp-holdings-elgin-industrial-chicago-deal-sheet-135056 https://www.bisnow.com/chicago/news/deal-sheet/pjp-holdings-elgin-industrial-chicago-deal-sheet-135056 PJP Holdings paid $24.8M for a 443K SF industrial building at 1717 Gifford Drive in Elgin, one of the largest industrial transactions by square footage in the Chicago area this year.  PJP bought the property from JP Elgin Project Co. This is a new... ryan.wangman@bisnow.com Wed, 17 Jun 2026 11:05:43 -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/office/menashe-properties-closes-third-chicago-office-deal-135038 https://www.bisnow.com/chicago/news/office/menashe-properties-closes-third-chicago-office-deal-135038 Menashe Properties officially closed a deal for its third Chicago office purchase since 2023 with the acquisition of 180 N. LaSalle, a 38-story, 786K SF office tower in the Central Loop. ryan.wangman@bisnow.com Tue, 16 Jun 2026 09:58:51 -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/office/sidley-austin-set-to-anchor-new-related-midwest-skyscraper-135044 https://www.bisnow.com/chicago/news/office/sidley-austin-set-to-anchor-new-related-midwest-skyscraper-135044 Law firm Sidley Austin inked a deal as the anchor tenant for Related Midwest's 45-story trophy office building at 725 W. Randolph St. in Fulton Market, a major step forward for the first major new office tower in the city in several years. ryan.wangman@bisnow.com Tue, 16 Jun 2026 13:34:54 -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/industrial/chicago-big-box-industrial-developers-slowly-turn-the-spigot-back-on-135007 https://www.bisnow.com/chicago/news/industrial/chicago-big-box-industrial-developers-slowly-turn-the-spigot-back-on-135007 Chicago’s big-box industrial developers are starting to build more new construction, even as rent growth stalls and tenants take twice as long to fill new space as they did during the pandemic-era boom. The pipeline of new construction of the city’s... ryan.wangman@bisnow.com Fri, 12 Jun 2026 13:36:38 -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/commercial-real-estate/former-cha-official-charged-in-48m-housing-kickback-scheme-134949 https://www.bisnow.com/chicago/news/commercial-real-estate/former-cha-official-charged-in-48m-housing-kickback-scheme-134949 A former property director for the Chicago Housing Authority and the president of a local construction company have been indicted on federal fraud charges. They are accused of a scheme involving bribes in exchange for construction and renovation work... ryan.wangman@bisnow.com Wed, 10 Jun 2026 11:07:20 -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/chicago/news/deal-sheet/the-chicago-deal-sheet-134937 https://www.bisnow.com/chicago/news/deal-sheet/the-chicago-deal-sheet-134937 The Foundry Park megadevelopment on a portion of the former Lincoln Yards site got closer to securing a $201.6M tax increment financing subsidy after a city agency gave its approval Tuesday. The Chicago Community Development Commission approved a proposal... ryan.wangman@bisnow.com Tue, 09 Jun 2026 12:03:30 -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/multifamily/its-like-an-own-goal-chicago-cre-rails-against-johnsons-looming-rental-proposal-134942 https://www.bisnow.com/chicago/news/multifamily/its-like-an-own-goal-chicago-cre-rails-against-johnsons-looming-rental-proposal-134942 Chicago Mayor Brandon Johnson is gearing up to introduce a major overhaul of the rules regarding renting in the city, a move that would have significant ramifications for multifamily owners and operators across the city.  Johnson is expected to propose... ryan.wangman@bisnow.com Tue, 09 Jun 2026 18:13:56 -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/bears-leave-illinois-for-indiana-134890 https://www.bisnow.com/chicago/news/commercial-real-estate/bears-leave-illinois-for-indiana-134890 After years of speculation, the Chicago Bears have decided where to develop their new stadium, and the result isn't in Illinois' favor.  nancy.sheppard@bisnow.com Fri, 05 Jun 2026 13:40:21 -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-134825 https://www.bisnow.com/chicago/news/deal-sheet/the-chicago-deal-sheet-134825 Dermody Properties reportedly sold a portion of the former Allstate campus in Glenview to Realty Income for $175M.  The company sold some of the campus split between two parcels, The Real Deal reported. Dermody acquired the 232-acre site at the intersection... ryan.wangman@bisnow.com Tue, 02 Jun 2026 12:13:56 -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/illinois-bears-bill-stalls-setting-stage-for-potential-indiana-move-134810 https://www.bisnow.com/chicago/news/commercial-real-estate/illinois-bears-bill-stalls-setting-stage-for-potential-indiana-move-134810 Illinois' chances of keeping the Chicago Bears in the state took a potential blow early Monday morning after the state legislature passed its $55.9B budget without including incentives for stadium development.  ryan.wangman@bisnow.com Mon, 01 Jun 2026 13:14:09 -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/cushman-wakefield-chicago-hq-nears-120m-sale-134802 https://www.bisnow.com/chicago/news/office/cushman-wakefield-chicago-hq-nears-120m-sale-134802 Cushman & Wakefield's global headquarters in Chicago is reportedly close to trading hands in a sale valued at around $120M. ryan.wangman@bisnow.com Mon, 01 Jun 2026 10:33:07 -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/economic-development/small-town-suburb-destination-woodstock-illinois-studiob-134669 https://www.bisnow.com/chicago/news/economic-development/small-town-suburb-destination-woodstock-illinois-studiob-134669 Woodstock, Illinois, one of Chicago’s outermost suburbs, is shedding the typical suburban mold.  Combining small-town charm and affordable housing with a vibrant, historic downtown, the city has become a distinctive and livable hub, Woodstock Director... john.knowles@bisnow.com Wed, 20 May 2026 15:19:44 -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/retail/trump-tower-inks-first-retail-tenant-over-17-years-after-opening-134791 https://www.bisnow.com/chicago/news/retail/trump-tower-inks-first-retail-tenant-over-17-years-after-opening-134791 The retail space at the ground floor of the Trump International Hotel & Tower in Chicago finally has a tenant after 17 years. ryan.wangman@bisnow.com Fri, 29 May 2026 15:02:42 -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-multifamily-investment-sales-up-116-year-over-year-134731 https://www.bisnow.com/chicago/news/multifamily/chicago-multifamily-investment-sales-up-116-year-over-year-134731 The Chicago commercial real estate investment market is off to a fast start in 2026. Sales volume rose 42.8% year-over-year to just over $4B in Q1, driven by a flurry of multifamily deals, according to an Avison Young Q1 investment sales report. Investors... ryan.wangman@bisnow.com Tue, 26 May 2026 16:17:44 -0400