Ryan Wangman

1 week ago | bisnow.com | Ryan Wangman

Legislation that would give Chicago aldermen more control over where short-term rental companies like Airbnb and Vrbo can operate in the city stalled Wednesday after pushback from the business community. An ordinance introduced by 41st Ward Alderman Anthony Napolitano would have allowed members of the Chicago City Council to ban short-term rentals in particular precincts that could only be overturned if the company or local residents gathered the signatures of 15% of precinct voters.

1 week ago | bisnow.com | Ryan Wangman

Four of Chicago’s newest office owners have a bold proclamation about the state of the office market: Interest and activity are heating up, and it's finally time to jump in. Panelists at Bisnow’s Chicago Office Summit who have bought office properties in the past year say they aren’t the only ones putting on a show. More deals have started trading hands at attractive price points, more tenants are exploring the market for available space and more investors are joining the fray.

1 week ago | bisnow.com | Ryan Wangman

Kirkland's plans to streamline its physical footprint, reducing its overall number of locations while converting some existing stores to new uses as part of a strategy first made public late last year. The home decor and gift chain also plans to change its corporate name to The Brand House Collective, pending shareholder approval, to reflect its partnership with Beyond Inc. and brands Bed Bath & Beyond, Overstock and Buybuy Baby, according to RetailDive.

1 week ago | bisnow.com | Ryan Wangman

Chicago Fire FC released renderings and further details late Monday night of the club's $650M soccer stadium at The 78. The 22,000-seat stadium will serve as an anchor for Related Midwest's megadevelopment, and it will be privately financed by Joe Mansueto, club owner and the founder of financial data firm Morningstar. Construction is expected to begin by the end of 2025. The new stadium is set to open in spring 2028. “I love this city and its architecture,” Mansueto said in a press release.

2 weeks ago | bisnow.com | Ryan Wangman

Windfall Group and Wyn Group launched the Asian Center Real Estate Fund, a new investment fund currently raising capital to fuel the creation of a series of Asian-centric lifestyle shopping centers. The shopping centers will feature dining, retail, shopping and entertainment. The initiative is actively seeking both investors and prospective retail tenants to join ACRE in meeting growing market demand while amplifying Asian culture and heritage through thoughtfully curated retail destinations.