Commercial real estate news and analysis for the Chicago market.
Chicago's retail sector is experiencing a robust post-pandemic rebound, heavily fueled by aggressive expansion from quick-service restaurants and medical providers. Tightening vacancy rates along the city's prime commercial corridors underscore a shifting demand landscape for commercial real estate.
Finial Group has facilitated the sale of a three-building, 19,500-square-foot industrial portfolio located on Glenmont Drive in West Houston. The transaction involved an undisclosed buyer and seller, highlighting continued investor interest in legacy industrial assets within the Houston metro.
A 19,000-square-foot neighborhood shopping center in Skokie, Illinois has changed hands in a $3.9 million transaction brokered by Greenstone Partners. The deal highlights sustained investor appetite for well-located, sub-50,000-square-foot retail assets in the Chicagoland suburbs.
A three-property industrial portfolio spanning the Chicago and Cincinnati metros has secured $59 million in refinancing through JLL Capital Markets. The deal highlights continued lender appetite for newly constructed, fully leased logistics facilities in key Midwest distribution corridors.
A former industrial facility in Chicago's West Side has found new life as a performing arts center, showcasing how adaptive reuse projects can serve both preservation goals and community development needs in emerging neighborhoods.
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.
