Ryan Wangman

Chicago Mayor Brandon Johnson is gearing up to introduce a major overhaul of the rules regarding renting in the city, a move that would have significant ramifications for multifamily owners and operators across the city.

The Foundry Park megadevelopment on a portion of the former Lincoln Yards site got closer to securing a $201.6M tax increment financing subsidy after a city agency gave its approval Tuesday.

Ryan Ross, a former Chicago Housing Authority official, is accused of receiving kickbacks from Vanessa Rhodes of Twenty Eleven Construction.

Partners Group is targeting $1.5B for its latest real estate secondaries program as investors seek liquidity amid slower fundraising and debt maturities.

But even though new construction has ticked up, rents have remained effectively flat year-over-year for large industrial properties . Rents are starting at $7.55 per SF, down from $7.65 per SF last year.

Law firm Sidley Austin inked a deal as the anchor tenant for Related Midwest 's 45-story trophy office building at 725 W.

New multifamily starts fell dramatically last month, declining 40.2% from April, according to federal data released Tuesday

Menashe Properties officially closed a deal for its third Chicago office purchase since 2023 with the acquisition of 180 N. LaSalle, a 38-story, 786K SF office tower in the Central Loop.

PJP Holdings paid $24.8M for a 443K SF industrial building at 1717 Gifford Drive in Elgin , one of the largest industrial transactions by square footage in the Chicago area this year.

While executives try to calm growing public fears about potential job losses due to artificial intelligence EliseAI is pinpointing how multifamily