Articles
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1 week ago |
chicagobusiness.com | Danny Ecker
Newcastle Investors is joining the crowd of developers planning to turn outmoded Chicago office space into apartments. The Chicago real estate firm wants to convert workspace on the top three floors of a four-story building at 1500 N. Halsted St. into 31 residential units, according to a zoning application set to be introduced to the City Council today. A Newcastle venture has owned the 36,941-square-foot Clybourn Corridor building since 2014, when it acquired it for $8 million.
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1 week ago |
chicagobusiness.com | Danny Ecker
A local investor who lost a LaSalle Street office building to foreclosure last fall is facing another loan issue on a trio of properties in River North. A venture led by Chicago-based investor Ruben Espinoza defaulted on its $9.6 million mortgage backed by the office buildings at 215, 221 and 223 W. Ohio St. by failing to make loan payments since September, according to a foreclosure lawsuit filed late last month in Cook County Circuit Court.
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1 week ago |
chicagobusiness.com | Danny Ecker
Chicago-area warehouse owners just endured the second-worst quarter of demand in nearly a dozen years. Thanks to developers' restraint, they barely felt a pinch. The industrial vacancy rate inched up during the first three months of the year to 4.79% from 4.7% at the end of 2024, according to data from real estate services firm Colliers. The share of available warehouse space is down from 5.29% one year ago and remains near the record low of 4.5% set at the end of 2022.
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1 week ago |
chicagobusiness.com | Danny Ecker
A Texas real estate firm has picked up a vacant 31-acre former Aon office property in north suburban Lincolnshire for a staggering 96% less than it traded for in 2012. In one of the most extreme examples of value decimation across the vacancy-plagued suburban office market, a venture of Fort Worth, Texas-based Woodcrest Capital earlier this month paid about $6.2 million for the 818,686-square-foot complex at 4 Overlook Point, according to Lake County property records.
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2 weeks ago |
chicagobusiness.com | Danny Ecker
As JPMorgan Chase renovates its namesake Loop office tower, it's temporarily bulking up its workspace a block away. The New York-based financial giant has added more than 126,000 square feet in the Citadel Center at 131 S. Dearborn St., bringing its total footprint in the 37-story building to almost 321,000 square feet, according to sources familiar with the deal.
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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