Rachel Herzog

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Tishman Speyer bought the property at the peak of a supply wave, and the firm is now looking to sell as limited new supply pushes up downtown rents.

An affiliate of Jack Carter Automotive Group bought the property from Sterling Bay, which had acquired the site more than seven years ago for Lincoln Yards.

An Elevated Chicago report shows a policy plan adopted by the city in 2021 helped spread development near CTA stops more broadly throughout Chicago.

The building is among a wave of large downtown apartment buildings going up for sale as rents climb amid a supply crunch.

With people renting for longer, there’s strong demand for luxury apartments located in suburban downtowns and near transit stops.

Crain's assistant managing editor Ann Weiler joins host Amy Guth to discuss the Chicago families that hold the most influence right now in the city.

The sale price appears to mark a significant gain from the $62 million the seller, Oak Brook-based apartment investor JVM Realty, paid for the property in 2014.

The space has faced a number of challenges since it was completed in 2009, including Trump's name on the side of the building turning off some prospective tenants.

As Illinois lawmakers struggle to craft a plan that would help keep the Chicago Bears from moving to Indiana, Republican gubernatorial candidate Darren Bailey says the state should find a way to keep the team — but insists individual taxpayers should also get a break.