Chicago puts hundreds of vacant lots up for sale, part of several initiatives to kickstart development
Mayor Brandon Johnson envisions getting the empty lots into the hands of developers ready to build mixed-use districts or other projects.
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Trump tariffs on steel and aluminum could squeeze Chicago apartment developers, leading to higher rents
Steel and aluminum are essential for high-rise construction, and are often cheaper to produce in countries like China, Mexico or Canada, one expert said.
Federal workers in Chicago on edge amid President Donald Trump plans to shrink government’s real estate footprint
In the Chicago area, more than 250,000 square feet of leased federal office space has been canceled.
A Chicago ‘high holiday,’ St. Patrick’s Day celebrated with green-dyed river and thousands for downtown parade
Gusty winds didn’t spoil the downtown Chicago St. Patrick's Day celebration, which including the traditional dyeing of the river and parade.
DOGE says it’s closing Hoffman Estates’ Obama Presidential Library site, but federal officials had already announced lease ending
Federal officials who run the temporary facility said in mid-2024 that they planned to exit the lease and move the Barack Obama Presidential Library to a permanent, out-of-state location this...
Hundreds of vacant lots in Chicago to be sold after landlords’ bankruptcy, opening up opportunities for redevelopment
Buyers could ride the wave of new investment pouring into other South and West Side neighborhoods, said Steve Madura, senior vice president of Hilco Real Estate Sales, the company handling...
Plan Commission green-lights land use plan that could bring thousands of new housing units to Edgewater and Uptown
City planners said the framework will cut red tape for developers and increase housing density, hopefully allowing more residents to move into the transit-rich corridor.
Federal plan to reduce government office space could be a blow to Chicago, where selling properties wouldn’t be easy
Although it accounts for only a small slice of Chicago real estate, a pullback by the federal government could deal a blow to the shaky downtown office market.
Uptown residents breathe sigh of relief after Heartland Housing’s Leland Apartments gets reprieve from the auction block
City and state officials hammered out a plan for Mercy Housing, an affordable housing nonprofit that owns and operates dozens of Chicagoland properties, to take over the 1920s-era Leland.
Fed stands pat on interest rates, ending a string of cuts that could have boosted downtown development
Developers say new downtown construction won’t grind to a halt. Some projects will score financing and the number of apartments completed in the neighborhood is expected to increase in 2026...