• Chicago Industrial Market, the Nation’s Biggest, Flexes Its Muscle With Whirlpool Site Sale
    Chicago’s industrial property market, the nation's biggest, is showing its strength with the sale of a Whirlpool distribution center in Joliet, IL, to Nuveen Asset Management, the region's largest sale of its kind in three years. The $71.5 million deal, completed late last month, handed the deed for 3851 Youngs ...
    July 19
  • 1,000 More Apartments Coming to D.C.’s Hip Capitol Riverfront
    Pictured: Ore 82, a 227-unit community Greystar recently delivered next to the 7.3-acre CSX site on New Jersey Ave. in southeast D.C.Apartment giant Greystar could break ground on a 1,000-apartment complex in Washington’s trendy Capitol Riverfront neighborhood as soon as this winter. Greystar, of Charleston, SC, emerged the winner of ...
    July 19
  • Sterling Bay’s $5 Billion Proposal for Chicago’s Lincoln Yards Redevelopment Calls for Office Towers, Stadium and Concert Hall
    Sterling Bay unveiled a long-awaited and sweeping proposal to redevelop almost 53 acres of Chicago industrial sites into a new neighborhood it dubbed Lincoln Yards along the Chicago River about five miles north of the downtown financial district. The plans to revitalize the land connecting the Lincoln Park and Bucktown ...
    July 19
  • Sterling Bay Reveals $5 Billion Proposal for Chicago’s Lincoln Yards Redevelopment
    Sterling Bay unveiled a long-awaited and sweeping proposal to redevelop almost 53 acres of Chicago industrial sites into what essentially would become a new neighborhood it dubbed Lincoln Yards along the Chicago River five miles north of the downtown financial district. The plans to revitalize the land connecting the Lincoln ...
    July 19
  • Toys R Us Crafts Settlement With Some Creditors
    Roughly two weeks after it closed all its remaining stores, Toys R Us has reached a settlement with a group of its creditors following what it described as "months of intense, hard fought, arm’s-length negotiations." The failed toy retailer, which is in the midst of liquidation, would pay off some ...
    July 19
  • Phillips Edison’s $6.3B Merger With Its REIT to Expand Access to Capital Markets
    Crosscreek Village in St. Cloud, FL, acquired by Phillips Edison Grocery Center REIT II in 2016.The proposed $6.3 billion merger of Phillips Edison & Co., one of the largest owners and operators of grocery-anchored shopping centers across the U.S., and Phillips Edison Grocery Center REIT II is designed to give ...
    July 19
  • Larry Ellison and USC’s Cancer Research Institute Could Grow LA Life Science Cluster
    When billionaire Larry Ellison’s eponymous medical institute at the University of Southern California (USC) opens a dedicated outpost in West Los Angeles next year, it could spark the beginning of a proper clustering of life science companies in the Santa Monica area in a way that has not been realized ...
    July 18
  • Capital Markets Not Ignoring the Retail Sector
    Christiana Mall in Newark, Delaware. Image credit: GGP. While office and hotel properties have been favorites in the capital markets this year, the turbulent retail sector has not been left out. That's been the case this week with details emerging on major mall refinancings from two retail real estate investment ...
    July 18
  • Miami Voters to Decide Fate of David Beckham Soccer Stadium
    Soccer icon David Beckham wasn’t in the house Wednesday, but business partner Jorge Mas finally persuaded Miami city commissioners to let voters decide whether Beckham can build a 25,000-seat stadium and entertainment complex on a city-owned golf course. After nearly nine hours of public comment and sometimes-heated discussion on July ...
    July 18
  • Ferrara Candy Sweet on Downtown Chicago, Will Move HQ from the Suburbs to City’s West Loop
    Add Ferrara Candy Co. to the list of Illinois corporations migrating from the suburbs and smaller cities to downtown Chicago. The maker of Baby Ruth’s, Lemonheads and Sno-Caps is moving its confections corporate business to the Chicago Loop, following a growing number of firms that are relocating or expanding office ...
    July 18