36+Research pieces indexed
Latest Aug 15, 2026
Global Real Estate Intelligence is a neutral index of publicly available research. All rights in The Real Deal — Chicago’s work remain with The Real Deal — Chicago; we link to the original.
Private equity billionaire Justin Ishbia’s land assembly strategy in Chicago’s South Loop that could open up a new Major League Baseball stadium development site for the White Sox took a major step forward Friday. Ishbia, the head of Shore Capital Partners and Chicago White Sox owner-in-waiting, looks set to…
Kurv Industrial is proposing a sweeping redevelopment of the fully vacant Ford City Mall with a smattering of warehouses and distribution buildings. The company is planning to formally present the plans to the Chicago Plan Commission on Aug. 20, but the plans have drawn the ire of West Lawn residents. Chicago-based…
Mega mall landlord Mike Kohan is at risk of losing half a Chicago Loop office building he just seized from financial distress. A strange dispute at 33 West Monroe Street escalated into a court battle between ground landlord Baptist Theological Union and Kohan, a Great Neck, New York-based investor whose main…
In broad strokes, Chicago’s office market has seen better days. At the upper end of office buildings, however, premier space is shrinking rapidly as high-profile companies are scrambling for Class A space. Sidley Austin is set to pay upwards of $115 per square foot for space in a planned Fulton Market office tower…
Houston-based industrial real estate investment and management firm SparrowHawk snagged a 20-property, 4.4 million-square-foot portfolio across six markets in the Midwest. The acquisition price was $400 million, and Stockholm-based global investment firm EQT was the seller, according to a statement from the…
JLL is looking to bail on 601W’s Aon Center and potentially move to 100 North Riverside Plaza. The real estate services firm is in preliminary stages of negotiations to exit the Aon Center, and is considering other options around the city, according to a report from CoStar. The scope of the deal is still currently…
Los Angeles-based mega-investor Ares Management is continuing its buying spree in Chicago’s suburban industrial market. In a deal that closed last week, Ares bought ten light industrial properties from Massachusetts-based High Street Logistics for $84 million, or about $117 per square foot, property records show.…
In Chicago’s downtown area, 35 office to residential building conversions that are either proposed, undergoing the conversion process or completed, now tally $2.1 billion in new investment. Data first reported by Crain’s shows that there are at least 4,466 new residential units being created out of the data set.…
Chicago mayor Brandon Johnson formally called for a moratorium on new data center development within city limits as lawmakers mull additional regulations on the increasingly-controversial projects. Johnson signed an executive order demanding new regulations on existing and proposed data center developments within…
Illinois Realtors are set to launch a partnership program with municipal leaders aimed at confronting housing shortages. The group is calling the venture the Illinois Housing Supply Accelerator program, and it is set to function by having Illinois Realtors governmental affairs directors work with local governments…
After the $6 billion Lincoln Yards megadevelopment failed to launch, at least one nearby property owner is cutting his losses. Longtime Chicago investor and founder of Belgravia Group, David “Buzz” Ruttenberg, sold a shopping center at 2070 North Clybourn Avenue for $18 million to Ohio-based real estate investment…
Austin real estate developer Nate Paul, whose fall from grace includes federal fraud convictions and political scandals in Texas, is facing a $45.6 million foreclosure lawsuit on the Calumet Center retail property in suburban Chicago. Miami-based special servicer Rialto Capital moved to file the complaint in Cook…
Chicago-based firm Newport Capital Partners hired brokers to market the Ontario City Centre at 38-58 East Ontario Street for sale, a retail center anchored by a Trader Joe’s location as well as a 226-key AC Hotel. The eight-story building totals 320,879 square feet, and Newport has owned the building for two…
The Lake County Illinois Data Center Opposition Coalition, a group assembled specifically to oppose a Grayslake village area data center northwest of Chicago, announced a lawsuit against T5 Data Centers and Alter Asset Management that’s set to go up in the Cornerstone business park. Alter Asset Management Group…
Bally’s Chicago is pausing construction on nongaming amenities at its $1.7 billion casino complex over the legalization of video gambling terminals in the city. “Bally’s issued a notification to the Chicago Community Builders Collective that it is resetting the pace of construction of elements of Bally’s Chicago…
Fannie Mae is extending its Chicago foreclosure assault against properties connected to Lakewood, New Jersey-based investor Chaim Bialostozky, who’s also facing Walker & Dunlop’s accusations of making fraudulent real estate deals to receive inflated loan amounts. Fannie on Thursday filed a fresh lawsuit against…
One of downtown Chicago’s landmark office buildings is getting closer to becoming a partial data center in the midst of pushback from preservation groups. The Permit Review of the Commission on Chicago Landmarks greenlit plans to transform the bottom half of 300 West Adams Street into a data center, thrusting the…
BrightSpire Capital is in danger of losing its grip on a suburban Chicago retail property, after a DuPage County judge appointed a receiver to take control, in a foreclosure lawsuit over a $31 million securitized commercial loan that fell into default. Judge Robert G. Gibson named Chris Neilson of Dallas-based…
Pacific Retail Capital Partners, the owner of Lombard’s Yorktown Center, is suing The Fresh Market for upwards of $15 million for bailing on plans to open a new store at the suburban Chicago mall. In the lawsuit filed Monday in DuPage County Circuit Court, Pacific Retail, the Los Angeles-based Yorktown Center…
🏆New Building: The largest new building application filed last week was in Uptown, where Catapult Real Estate Solutions filed plans to construct a $23 million mixed-use building at 4006 North Sheridan Road. The seven-story project will replace The Holiday Club Lounge and feature 91 residential units across six…
Pacific Life is pouring resources into turning around a vertical mall on Chicago’s Magnificent Mile that it seized out of financial distress. The Newport Beach, California-based lender-turned-landlord for the Shops at North Bridge property at 520 North Michigan Avenue announced it’s preparing a $40 million…
Chicago-based Vequity’s plan to redevelop portions of the former Pheasant Run Resort site in St. Charles is still up in the air after the City Council punted a decision on a preliminary plan for two weeks. Debate over aspects of the plan are key to city approval — including the amount of drive-thrus and uncertainty…
Chicago’s suburban multifamily market is off to a strong start in the second half of the year as new supply lags and experienced investors trade properties. Just last week, two suburban apartment complexes traded for $78 million, public records show. The deals come after the second quarter finished on a high note…
Gary, Indiana is gearing up for fireworks in August as an $80 million blight elimination program is set to begin the demolition of vacant, derelict buildings. After demolishing the buildings, the city is hoping to revitalize its downtown with new developments including a new train station, offices and apartments,…
Village officials in the Chicago suburb of South Barrington are taking steps to create a tax increment financing district to raise funds for the redevelopment of Allstate’s former headquarters. The new TIF district would earmark funds to pay for new infrastructure and other upgrades for the site’s redevelopment, as…
La Caisse’s gamble on turning around its two-building Chicago riverfront office complex is starting to pay off. The Canadian pension fund’s real estate arm lured a new renter in Chicago-based private equity investment manager Adams Street Partners, which signed a long-term lease for 46,000 square feet at 120 South…
The owner of the NBC Tower at 455 Cityfront Plaza wants to renovate a dozen floors in the mid-rise portion of the 37-story tower into apartments. Metropolis Investment Holdings, who represents the German investor who owns the property, has partnered with Chicago-based Riverside Investment & Development on the…
From June of last year to May of this year, Illinois issued 157 permits for new housing construction units per 100,000 residents. That means the state came in second-to-last in homebuilding rates among all U.S. states, according to a July 27 report by Visual Capitalist, highlighting exactly how bleak the local…
Mike Kohan is under scrutiny for his use of funds tied to Chicago office skyscraper purchases. The mall landlord magnate, who has recently turned his attention to the Windy City’s depressed office market as a persistent buyer, allegedly diverted millions in bond proceeds to cover debts on his personal assets,…
A joint venture of Branch Capital Partners and Oaktree Capital Management bought a 109-unit Chicago apartment complex on the 606 trail for $41 million from Chicago-based LG Development Group. The property, called Trailhead Apartments, sits at 1744 North Western Avenue, according to Crain’s. The deal for the…
Baby boomers are growing old, but the interest in senior living properties is not. In yet another ownership shift within the sector, Inland Group acquired two elder care properties managed by Dial Senior Living in Deer Park and Batavia, Illinois, for $90.3 million and $70.2 million, respectively. Harrison Street…
Atlanta-based T5 Data Centers is pumping the brakes on part of its massive Grayslake assemblage after encountering community pushback. The developer voluntarily suspended its application to fill 15.75 acres of wetlands for remediation at the site, the Daily Herald reported. Grayslake officials advocated for the…
L3 Capital closed on its purchase of the retail space at the base of the Palmolive Building for $64.5 million, finalizing a deal The Real Deal reported the firm was pursuing earlier this summer. The Chicago private equity firm, cofounded by Domenic Lanni and Timothy Phair, acquired the 51,795-square-foot property…
Grabbing the reins hasn’t kept Shai Wolkowicki in the saddle. When the Boca Raton, Florida-based investor ousted former partner Chikoo Patel in early 2025 and took control of their troubled apartments portfolio through his firm Ruby Development Group, he inherited an operational mess. Now, the bill for that…
Sterling Bay and a JP Morgan Asset Management fund scored a three-year, $213 million refinancing loan from Barings for the high-rise building at 360 North Green Street. The building in Fulton Market boasts 500,000 square feet of office space across its 24 stories, a 5,000-square-foot roofdeck on the fourth floor, a…
Pacific Retail Capital Partners defaulted on a $107.4 million loan backed by the Yorktown Center mall in Lombard, sending the suburban Chicago mall toward a deed-in-lieu of foreclosure. Los Angeles-based Pacific’s floating-rate commercial mortgage-backed securities debt transferred to special servicer KeyBank on…
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