Piece of its past added by Hamilton Partners
Hamilton Partners has a contract to buy the Chancellory office complex in Itasca, a 1.1 million-square-foot project developed in the early 1980s by founders of the local real estate firm....
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McMorgan buys site at 303 W. Madison
A San Francisco investment adviser to union pension funds has a contract to acquire 303 W. Madison St., as investment activity in downtown Chicago maintains its brisk pace. McMorgan &...
REIT’s move may have spurred Lampert to act
Vornado Realty Trust's unexpected disclosure that it had acquired a significant stake in Sears, Roebuck and Co. may have kick-started investor Edward Lampert's plan to merge the company with his...
Tishman Speyer bets on bargain at 125 S. Wacker Drive
In a bargain bet on the recovery of the downtown office market, Tishman Speyer Properties LP has a contract to acquire 125 S. Wacker Drive, an older, 31-story tower in...
Speculation surrounds Sears’ fate
It may seem far-fetched that a retailer as massive as Sears, Roebuck and Co. could ever be dismantled to tap the underlying value of its real estate. After all, the...
Speculation surrounds Sears’ fate
It may seem far-fetched that a retailer as massive as Sears, Roebuck and Co. could ever be dismantled to tap the underlying value of its real estate. After all, the...
Developers to buy Park Millennium
In a surprising move for two Chicago developers not known for condominium conversion, a joint venture of Centrum Properties Inc. and MCZ Development Corp. is buying the Park Millennium apartment...
Centrum reaches deal with Lehman to take over Grand Pier
Centrum Properties Inc. has reached an agreement with Lehman Brothers Holdings Inc. to take over Grand Pier, the once-stalled Streeterville mixed-use project that was the scene of a hard-fought battle...
Ameriquest’s Schaumburg lease may ride on subsidy decision
Ameriquest Mortgage Co. is close to a deal to sublease a 300,000-square-foot building in Schaumburg, where the subprime lender would expand its local workforce by an estimated 600 jobs, sources...
$90 million sale deal caps Brickyard turnaround
A Goldman Sachs Group Inc. real estate fund has an agreement to sell The Brickyard shopping center to Oak Brook-based Inland Real Estate Investment Corp., capping a remarkable turnaround for...