Rachel Herzog

Under the ordinance, landlords could be required to pay up to $10,000 in relocation assistance to certain tenants who are forced out of their lease.

The Chicago-based institutional investment manage bought the Trader Joe's-anchored Shops of Uptown retail property at a price below what it traded for more than a decade ago.

The Lincoln Park property is poised to benefit from added density and foot traffic when the $1 billion megaproject is built across the street.

The plaintiffs, a group of Edgewater residents and businesses, said they plan to appeal the ruling.

Investor RPM Living paid more than $125 million for the SoNo East high-rise in Lincoln Park, notching one of the Chicago area's biggest sales this year.

LG Development Group, which completed the building in 2024, appears to have opted to refinance rather than, sell after putting the property on the market in the fall.

The ruling appears to be the first time a court has interpreted how a state law preventing cannabis shops from opening within 1,500 feet of each other applies to social equity licensees.

The 104,000-square-foot retail portfolio is expected to sell for about $60 million, in what would likely be a net gain for seller Acadia Realty Trust.

The sale of the 298-unit Exhibit on Superior Apartments adds to a wave of big apartment deals in the Chicago market over the last several months.

Miami developer Crescent Heights is the latest apartment landlord in downtown Chicago to refinance rather than sell.