News

The Real Deal
therealdeal.com > magazine > march-2026 > chicago-tax-assessors-race-heats-up-amid-real-estate-pressures

Chicago tax assessor’s race heats up amid real estate pressures

2+ hour, 51+ min 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…...

The Real Deal
therealdeal.com > chicago > 02/23/2026 > united-center-spends-19-million-on-land-for-1901-project

United Center pays $19M on additional land for arena megaproject in Chicago

6+ day, 16+ hour ago  (368+ words) Despite $110M 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 United…...

The Real Deal
therealdeal.com > chicago > 02/18/2026 > chicago-green-lights-3b-foundry-park

Chicago green-lights $3B Foundry Park, reviving former Lincoln Yards site

1+ week, 4+ 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…...

therealdeal.com
therealdeal.com > chicago > 01/10/2026 > life-sciences-losses-land-in-chicago

Life sciences woes land in Chicago

1+ mon, 3+ 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…...

The Real Deal
therealdeal.com > chicago > 09/23/2025 > chicagos-approves-granny-flat-expansion-with-compromises

Chicago’s ADU expansion gutted by single-family carveouts

5+ mon, 1+ week 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....

The Real Deal
therealdeal.com > chicago > 06/13/2025 > former-illinois-speaker-michael-madigan-sentenced-to-prison

Prison time for Michael Madigan, once Illinois’ most powerful politician

8+ mon, 2+ 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…...

The Real Deal
therealdeal.com > chicago > 06/04/2025 > illinois-cracks-down-on-squatters

Kicking out squatters just got easier in Illinois

8+ mon, 3+ 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…...

The Real Deal
therealdeal.com > chicago > 03/30/2025 > chicago-launches-loop-office-to-residential-conversions

Chicago launches subsidized Loop office-to-resi conversions

11+ mon, 3+ day ago  (464+ words) Sam Lounsberry is the Chicago Bureau Chief for The Real Deal. After graduating from Colorado State University in Fort Collins with numerous distinctions and awards from its colleges of Journalism Media Communications and English, he worked as a staff writer…...

The Real Deal
therealdeal.com > chicago > 03/26/2025 > chicago-long-term-home-values-lag-behind-other-metros

Chicago home-value growth lags other major metros

11+ mon, 6+ day ago  (462+ words) The Real Deal is the leading real estate news outlet read by millions of professionals and investors daily. Widely recognized as the must-read news outlet for breaking news and market analysis of key markets across the U.S. Quantcast ranks The Real…...

The Real Deal
therealdeal.com > chicago > 03/16/2025 > how-chicago-landlords-raised-rents-past-new-milestone

How Chicago landlords raised rents past new milestone

11+ mon, 2+ week ago  (292+ words) Plus, Salesforce Tower lands massive CMBS loan, the city cracks down on more negligent real estate debtors and more Chicagoland real estate news Chicago landlords are set up to strongarm rent hikes this year and beyond. Leases struck within a…...