Business and Real Estate News

Crain's Chicago Real Estate Daily

South Loop's Roosevelt Collection borrows $145 million

(Crain's) — The owner of the Roosevelt Collection mixed-use project in the South Loop has borrowed $145 million as it courts tenants for the property's mostly empty retail space.

Accountancy consolidates in Elgin

(Crain's) — Also, local industrial broker Ken Szady moves to Newmark Grubb Knight Frank and a director resigns from Retail Properties of America.

East Loop apartment tower near groundbreaking

(Crain's) — The Summit on Lake is a 332-unit project estimated to cost $116 million.

Hines' challenge now: Find tenants for new tower

(Crain's) — Developers eyeing downtown projects will focus on users with leases that expire between 2015 and 2018 and won't balk at paying net rents of $35 or more.

Our most-viewed stories in the past week

(Crain's) — The announcement of a downtown office tower and the sale at auction of the Purple Hotel property made the list.

GlobeSt.com - Chicago

More Anchor Stores Are Closing in Chicago

CHICAGO-A local retail survey shows anchor store closings have increased and surpassed openings for the first time in three years, proof the recovery has stalled in the Chicago area.

Mack Plans to Replace Cicero Shoe Factory into Apartments

CICERO, IL-Tinley Park-based Mack Cos. has purchased a former shoe factory on South Central Avenue in Cicero with plans to convert it into 21 apartments.

Chicago Title Will Move to 10 S. LaSalle

CHICAGO-The Feil Organization has landed the company's move to more than 86,000 square feet, as well as other tenants to more than 105,000 square feet signed in the past few weeks.

Opus Breaks Ground on Arboretum Landmark Apartment Project

LISLE, IL-Rosemont-based Opus Development Corp., a subsidiary of Minneapolis-based Opus Group, is starting construction on a four-story multifamily project in west suburban Lisle.

Beacon Puts West Loop Office Building Up for Sale

CHICAGO-The 16-story office building at 550 W. Washington Blvd. has reached sales block.

National Real Estate Investor

Attendees Expect 2012 RECon to Be the Best One Since 2007

Spirits are they highest they've been since the recession as retail real estate's biggest event gets under way.

Exclusive Research: Ship-to-Shore-to-Store

The continued rise of e-commerce and increased optimization of supply chains is affecting everything from distribution centers to store layouts.

Let the Dealmaking Begin

It’s May, and that means one thing in the commercial real estate world: turning its attention to Las Vegas to see what happens at ICSC’s RECon show.

Opus Development to Build Luxury Apartment Complex

TCi Tires Leases 30,845SF at Liberty Point

Chicago Business News

Google gets China OK for Motorola deal

(AP) — The approval clears the way for Google Inc. to close its $12.5 billion purchase of phone maker Motorola Mobility early next week.

U.S. says it will bar some Motorola Mobility phones

(Reuters) — Some of Motorola Mobility's Android phones infringe on a Microsoft patent, a U.S. trade panel said on Friday in ordering that the devices be barred from importation into the United States.

MF Global to get $168 million back from JPMorgan

(Reuters) — JPMorgan Chase & Co., under scrutiny for its ties to collapsed commodities firm MF Global, will return $168 million to the estate of MF's broker-dealer, the estate's trustee announced on Friday.

Facebook stock scramble ends in 'face-flop'

(Reuters) — The big first-day pop in the social media giant's share price that many analysts expected never happened. The highest the stock price hit on Friday, after opening at $42.05 per share, was $45.00. It closed at $38.23.

Designer builds a wall of ideas

At Suzanne Lovell's interior design firm, her office revolves around one particular wall.

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