ArchiWise tracks 18 stories about real estate, zoning, permitting, and policy in Cook County, Illinois. We surface the local decisions (rezonings, council debates, infrastructure investment, hazard mapping updates) that change how property gets built and bought. Updated as new coverage publishes.
An affiliate of Antheus Capital is being sued by an investor group, The Straus Group, over an alleged breach of contract concerning the 1,869-unit Lake Meadows apartment complex in Chicago's Bronzeville neighborhood.
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Dermody has finalized two new industrial leases at its Logistics Campus in Glenview, Illinois, bringing LSL Industries and S&C Electric Co. to the expansive Class A development near Chicago O'Hare International Airport.
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Amancio Ortega's investment arm, Ponte Gadea, has purchased the 51-story 1 N. Wacker Drive in Chicago, marking one of the largest office transactions nationwide this year and the biggest outright office sale in the city since 2015.
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Northmarq's Kevin McCarthy secured $24.7 million in Fannie Mae financing for Newcastle Investors, refinancing the 93-unit Reside on Jackson apartment community in Chicago. This transaction provides capital for a modern multifamily asset in a key urban market.
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A 345-unit apartment community known as Blue Station Apartments in Blue Island, Illinois, has been sold for $22 million. The property, located 16 miles south of Chicago, was 96 percent occupied at the time of sale.
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Two significant apartment building transactions recently closed in Evanston, Illinois, highlighting continued activity in the suburban Chicago multifamily market. Draper and Kramer acquired a 268-unit luxury building, while a firm backed by Jerry Reinsdorf sold a 68-unit complex.
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Newmark facilitated the $30 million transaction of the 277,654-square-foot retail component of the Block 37 mixed-use development, featuring a diverse tenant mix and underground parking.
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The Harold E. Eisenberg Foundation's 27th annual dinner will unite over 700 commercial real estate professionals to raise more than $750,000 for gastrointestinal cancer research and support real estate education initiatives.
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Time Equities Inc. (TEI) has completed the acquisition of a 7,400-square-foot, fully leased retail property located at 33 South Wabash Avenue in Chicago's South Loop for $3.9 million. The property is situated at the base of a 360-unit luxury condominium building.
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Rhino Investments Group has obtained $72.3 million in financing from Aquarian Real Estate Partners and 3650 Capital to acquire Randhurst Village, a 929,899-square-foot open-air shopping center, with plans for a value-add strategy.
Read articleNews from Mount Prospect, Cook County, Illinois
Las Vegas-based Rhino Investments Group has acquired the 932,000-square-foot Randhurst Village open-air shopping center in Mount Prospect, Illinois, for $95 million. This marks their second major retail acquisition in the Chicago metropolitan area within a year, reflecting a strategy to invest in large-scale, high-traffic retail destinations.
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Seefried Industrial Properties has acquired a 4-acre parcel in Franklin Park, Illinois, for $4.5 million, with plans to construct an 81,670-square-foot industrial building expected to be completed by June 2027.
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The massive ORD Next project at Chicago's O'Hare International Airport, an $8.8 billion undertaking, is being managed by a lawyer who leverages his non-construction background to challenge assumptions and ensure comprehensive planning.
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Chicago-based Daniel Management Group has elevated Lauren Evett to Vice President of Property Management, where she will guide the strategic direction for assets from acquisition to stable operations across the company's expanding Midwest portfolio. Her role will focus on enhancing resident experience and property appeal in competitive markets.
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Google has released new design renderings for the James R. Thompson Center's atrium in Chicago, detailing plans for a significant redevelopment of the iconic 17-story building purchased in 2022. The project aims to transform the space with new retail, seating, and public art, targeting a 2028 completion.
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Justin Ishbia has placed Amtrak's 47-acre parcel under contract to propose The Railyards, a riverfront mixed-use development featuring a potential new White Sox ballpark, housing, commercial space, and a medical facility.
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Chicago investor Laramar Group purchased Eleven Thirty, a 43-story residential tower, from Draper and Kramer for $165.7 million in the property's first ownership change since 1967.
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The Drake Group secured a $32 million loan from Knighthead Funding to refinance Cerca, a newly opened 62-unit mixed-use apartment asset in Glenview, Illinois. The facility retires construction debt and pays out preferred equity.
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