Articles
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5 days ago |
chicagobusiness.com | Danny Ecker
Northbrook investor Parag Patel has extended his suburban hotel buying spree, picking up a Hilton Garden Inn in Evanston in his biggest bet yet on the recovery of the local hospitality sector. A venture led by Patel paid $23.7 million earlier this month for the 178-room hotel at 1818 Maple Ave. in the northern suburb, according to Cook County property records.
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1 week ago |
chicagobusiness.com | Danny Ecker
A Michigan developer that has been trying to kickstart a River North hotel project since 2016 has reduced its proposed size and dropped an affiliation with Hyatt in favor of a European hotel brand. Detroit-based Porritt Group now aims to develop a 15-story, 297-room hotel on a surface parking lot at 150 W. Hubbard St., according to a newsletter sent this week to constituents by 42nd Ward Ald. Brendan Reilly.
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1 week ago |
chicagobusiness.com | Danny Ecker
A transportation logistics company that expanded its East Loop office during the COVID-19 pandemic is now trying to get rid of it, a blemish on an otherwise bright spot industry for the vacancy-plagued Chicago office market. Third-party logistics provider Traffic Tech is offering its two-floor headquarters at 111 E. Wacker Drive for sublease, according to a marketing flyer.
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1 week ago |
chicagobusiness.com | Danny Ecker
A New York developer has landed $173 million in financing to kick off a 31-story apartment tower in the Fulton Market District, ending a nearly 18-month drought of major new ground-up projects downtown getting under way. Vista Property Group today announced it has secured a $151 million construction loan from CIBC and $22 million in preferred equity from investment firm PGIM Real Estate to build a 494-unit apartment building at 370 N. Morgan St. in the trendy former meatpacking neighborhood.
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1 week ago |
chicagobusiness.com | Danny Ecker
A local real estate firm paid just less than $5 million last week for part of a city block in the Fulton Market District, a sale that resolves a rare foreclosure lawsuit in the trendy corridor. A venture controlled by Chicago-based Range Group paid $4.7 million last week for a pair of buildings and a surface parking lot on the block bounded by Kinzie, Aberdeen and Carpenter streets and the Metra tracks running through the former meatpacking neighborhood, according to Range Principal Seth Halpern.
Journalists covering the same region
Julia Rosier
Multimedia Journalist at WICS-TV (Springfield, IL)
Reporter at News 12 Westchester
Julia Rosier primarily covers news in Springfield, Illinois, United States and surrounding areas.
Dave Hinton
Editor at The News-Gazette (Champaign, IL)
Dave Hinton primarily covers news in the Central Illinois region, including cities like Terre Haute, Indiana and Champaign, Illinois, United States.
Steven Spearie
Staff Writer at The State Journal-Register
Steven Spearie primarily covers news in Springfield, Illinois, United States and surrounding areas.
Colin Feeney
Sports Writer at River Bender
Colin Feeney primarily covers news in the southwestern region of Illinois, United States, including areas around Alton and Edwardsville.
Addi Weakley
Real Time Editor at KSHB-TV (Kansas City, MO)
Addi Weakley primarily covers news in Kansas City, Missouri, United States and surrounding areas.
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United Center owners proposing a $7 billion, 14 million SF megaproject on the parking lots around the arena. First phase could start in the spring and would include a 6,000-seat music hall, a hotel, new retail and public park space. https://t.co/tQXrlPx4vm
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