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Chicago Voters Appear To Reject New Real Estate Transfer Tax, CRE Breathes A Sigh Of Relief

The projected result is a major win for CRE players still struggling to get a handle on rising vacancy rates, a tight capital market and a national image problem scaring away skittish investors. Mayor Brandon Johnson and his allies, who put the “Bring ...

Mar 19, 2024
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Bears Pledge $2B For New Stadium In Chicago
News

Bears Pledge $2B For New Stadium In Chicago

... presented that case yet.” UPDATE, MARCH 11, 4:30 P.M. CT: This article has been updated to include reactions from ...

Mar 11, 2024
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Chicago Judge Blocks Transfer Tax Referendum From March Ballots
News

Chicago Judge Blocks Transfer Tax Referendum From March Ballots

The ruling represents a blow to Mayor Brandon Johnson, who championed the Bring Chicago Home bill aimed at raising additional revenue to address homelessness. Meanwhile, nervous opponents in the CRE industry are breathing a sigh of relief. BOMA Chicago ...

Feb 23, 2024
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‘Representation Is Inspiration’: 3 CRE Leaders On Forging The Path For Black Wealth — And Why It Matters
News

‘Representation Is Inspiration’: 3 CRE Leaders On Forging The Path For Black Wealth — And Why It Matters

... while generating wealth for their families and communities. “I'm here working with a firm because of generational wealth,” ... on building generational wealth or empowering communities? Jenkins: I'm often finding myself back in the classrooms talking to ...

Feb 22, 2024
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This Week’s Chicago Deal Sheet: 2 Companies Look To Sublease Fulton Market Space
News

This Week’s Chicago Deal Sheet: 2 Companies Look To Sublease Fulton Market Space

... of an existing fixed-rate Fannie Mae mortgage serviced by M&T Bank. *** Marcus & Millichap arranged the sale of two neighborhood ...

Jan 16, 2024
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West Loop Landmark In Shadow Of Willis Tower Sells For Nearly 90% Discount
News

West Loop Landmark In Shadow Of Willis Tower Sells For Nearly 90% Discount

... would help secure creative leasing deals.  “The product that I'm going to be offering to the market is going to ...

Jan 05, 2024
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Chicago Industrial Deliveries At Highest Level In Over 2 Decades, But Signs Of Trouble Loom
News

Chicago Industrial Deliveries At Highest Level In Over 2 Decades, But Signs Of Trouble Loom

... the big-box stuff.” CORRECTION, OCT. 26, 10:15 A.M. CT: This story has been updated to correct the misspelling ...

Oct 25, 2023
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This Week’s Chicago Deal Sheet
News

This Week’s Chicago Deal Sheet

... said in a press release.   PEOPLE Lee & Associates promoted John M. Joyce from senior associate to vice president of Lee & Associates ...

Oct 24, 2023
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Judge Dismisses Lawsuit Over Chicago Fire Land Lease Deal
News

Judge Dismisses Lawsuit Over Chicago Fire Land Lease Deal

... of the public trust.” But U.S. District Judge Thomas M. Durkin of the Northern District of Illinois ruled the housing ...

Oct 23, 2023
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Can Chicago Become The Nation's Climate Innovation Capital? State, Local Leaders Want $1B To Find Out
News

Can Chicago Become The Nation's Climate Innovation Capital? State, Local Leaders Want $1B To Find Out

... committed to transitioning to a greener economy, per Bloomberg.  "I'm fully committed to working with organizers and frontline communities that ...

Oct 05, 2023
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