News
Chicago's effort to close Ford City Mall delayed, as landlord Namdar scrambles on repairs
2+ hour, 54+ min ago (345+ words) Cook County Judge stalls hearing after fire system fix, but city still eyes shutdown The fate of Ford City Mall in Chicago is back in limbo after a Cook County judge hit pause on the city's effort to shut it…...
Chicago tax assessor's race heats up amid real estate pressures
1+ mon, 3+ week ago (1749+ words) Real estate pros see new assessor as key to unlocking investment but corruption still makes the system vulnerable If campaign attacks are to be believed, Chicago's next tax assessor will either be an incompetent incumbent dead-set on driving investment away…...
United Center pays $19 M on additional land for arena megaproject in Chicago
2+ mon, 23+ hour ago (368+ words) Despite $110 M spent on property, development has yet to host a groundbreaking Developers of the $7 billion megaproject around The United Center made another big land purchase last week, topping $110 million total spent on area parcels." An LLC tied to The…...
Chicago green-lights $3 B Foundry Park, reviving former Lincoln Yards site
2+ mon, 5+ day ago (471+ words) JDL, Kayne Anderson won zoning approval from the City Council for the 3, 200-unit megaproject, as infrastructure questions linger A long-stalled stretch of Chicago riverfront is back to development. The approval marks a dramatic reset for the northern portion of the…...
Life sciences woes land in Chicago
3+ mon, 2+ week ago (370+ words) Inside the fight between Portal Innovations and Beacon Capital, plus another Bank OZK loan note sale illustrate precarious state of sector this week This year has started off with bad news for Chicago commercial real estate, as a battle over…...
Chicago's ADU expansion gutted by single-family carveouts
7+ mon, 22+ hour ago (296+ words) Labor won apprentice mandate, aldermen preserved veto power on backyard "granny flats" A long-delayed plan to legalize casitas and granny flats across Chicago is moving forward, but only after aldermen scaled it back with restrictions designed to protect single-family neighborhoods....
Prison time for Michael Madigan, once Illinois" most powerful politician
10+ mon, 1+ week ago (396+ words) Slapped with seven years behind bars for leveraging public office to steer work to his real estate law firm Michael Madigan, once the most powerful figure in Illinois politics, was sentenced to seven and a half years in federal prison…...
Kicking out squatters just got easier in Illinois
10+ mon, 2+ week ago (330+ words) New state law gives police authority to remove unauthorized residents Illinois lawmakers found a way to crack down on squatters this session." The Illinois legislature passed an amendment to the state's code of civil procedure that would make it easier…...