Paramount Group said an undervalued stock helped lead it to explore strategic alternatives. Other REITs to make similar moves face financial hurdles.
Chicago saw 4.2% year-over-year rent growth in May, the third highest in the nation. First-quarter sales more than doubled compared to the same period in 2024.
The development at 669 N. Michigan Ave. would feature about 27K SF of retail on the building's first and second floors, as well as 199 parking spaces.
To reduce costs and operate more smoothly in uncertain times, building owners are turning to technology to make their buildings more operationally efficient.
The lawsuit alleges Michael Stern schemed an Italian entrepreneur out of $2.5M.
Rents are still growing, albeit more slowly, as fewer new-to-market tenants come to town.
The manufacturing facility expansion will create 123 new jobs in the distressed rural community.
With the incumbent mayor out of the race, real estate leaders continue to push for Andrew Cuomo as a preferred alternative to Zohran Mamdani.
The Easton Group, Lennar and MPKA plan to spend $2B to build the master-planned community.
The real estate investment platforms are planning to target multifamily assets on the East Coast.
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