Commercial real estate news and analysis for the Chicago market.
Top executives and dealmakers convened in Rosemont this week for Connect Industrial Midwest 2026, where Prologis COO Carter Andrus delivered keynote insights on the evolving logistics landscape. The event underscored the Midwest's continued dominance as a critical hub for national supply chain strategy.
A 54,000-square-foot retail property in one of Chicago's most established shopping districts has traded hands in a deal brokered by Greenstone Partners. The transaction highlights continued investor appetite for well-positioned urban retail assets despite broader market headwinds.
A 54,000-square-foot retail property in Chicago's competitive Clybourn Corridor has changed hands in a $19.5 million transaction brokered by Greenstone Partners. The deal signals continued investor appetite for well-positioned neighborhood retail in the city's North Side.
Gantry has successfully brokered $42.8 million in permanent loans to refinance four distinct retail assets located in California, Illinois, Oregon, and Wisconsin. The transactions, managed by Andy Bratt and Sean Kuang, highlight continued lender interest in grocery-anchored and essential retail across diverse geographic markets.
The recent purchase of a Gold Coast penthouse by high-profile mansion sellers highlights a strategic pivot in high-net-worth real estate allocation, reinforcing the value of vertical luxury assets in Chicago's prime urban core.
MetLife Investment Management has divested Overlook at Oakbrook, a 52,876-square-foot unanchored retail strip center in Chicago's western suburbs, for $44 million. The transaction highlights continued investor appetite for well-located assets in the affluent Oak Brook market.
Matterhorn Venture Partners and TPG Angelo Gordon have formed a joint venture with $300 million in equity and over $900 million in buying power to acquire and reposition industrial assets across the Chicago metro and broader Midwest.
Chicago's retail vacancy rate has fallen to 4.9% — near a 30-year record low — with Gold Coast rents topping $300 per square foot and Southport corridor hitting zero vacancy, even as downtown corridors continue to struggle.
Prologis leased more industrial space than ever in 2025, and Chicago's warehouse market remains a top destination for logistics operators and e-commerce fulfillment.