Katharine Carlon

2 weeks ago | bisnow.com | Katharine Carlon

CA Ventures has unloaded another property as it juggles financial and legal problems, this time selling off a senior living community in King of Prussia. The former Anthology Senior Living Community has been rebranded Revelle King as part of the acquisition. Real estate investment trust Welltower purchased the 11-story, 192-unit Anthology Senior Living Community for $27.4M, the Philadelphia Business Journal reported.

Jan 23, 2025 | bisnow.com | Ryan Wangman |Katharine Carlon

Groupon’s 1.6M SF former headquarters building along the Chicago River has sold to 3Edgewood, the largest downtown office sale by square footage to close in almost three years. 3Edgewood paid $88.7M for the 600 W. Chicago Ave. property, a source with the company confirmed to Bisnow. That marks a steep decline from the $510M former owner Sterling Bay paid for the property in 2018. Eastdil Secured, the adviser on the transaction, confirmed the buyer to Bisnow.

Dec 13, 2024 | bisnow.com | Katharine Carlon

The annual event, to be held March 18, will celebrate the women delivering equal parts success and example for their teams across commercial real estate.

Nov 19, 2024 | bisnow.com | Katharine Carlon

The Chicago Housing Department has pushed off enforcement of a new anti-gentrification ordinance that some landlords call “a massive infringement of private property rights.”The Chicago City Council quietly approved the Northwest Side Housing Preservation Ordinance in September, giving multifamily tenants in several Chicago neighborhoods the right of first refusal to buy their buildings should a landlord decide to sell and imposing major fees on demolition of existing apartment structures.

Nov 15, 2024 | bisnow.com | Katharine Carlon

Just days after Mayor Brandon Johnson folded on a $300M property tax increase, a downtown landlord group is floating a self-imposed tax that would see commercial property owners chip in to fund improvements in the city’s Loop. The Building Owners and Managers Association of Chicago is exploring creation of a business improvement district to kickstart the vitality of the Central Business District, where office vacancy has risen to almost 24% and retail vacancy sits at 30%.