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Wilton Center, IL · Real Estate

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Berkadia Closes $219M Loan for Affordable Housing Rehab in Manhattan

Berkadia has closed a $219 million Fannie Mae loan to support the modernization of a 984-unit affordable housing community that was originally built in 1951 in Manhattan’s Washington Heights neighborhood. The 15-year permanent loan forms part of a $669 million capital structure that also includes an approximately $214 million subsidy from New York City and $94.5 million in federal and state historic tax credit equity.

New York, NY · 1d

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This Affordable Illinois Town Is So Cheap, Retirees Say Social Security Covers It All

Somewhere in the heart of Illinois, there’s a town called Kewanee that’s quietly doing something remarkable, and most people have no idea it exists. It’s the kind of place where your money stretches so far you’ll start wondering if you’ve accidentally traveled back in time to when a dollar actually meant something.

Kewanee, IL · 12d

chicagostarmedia.com

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There's no place like home: The five quirkiest houses in Illinois

As the birthplace of some of architecture's most cutting-edge and innovative advancements, it comes as no surprise that Illinois plays host to a wide collection of unique, unusual, and quirky establishments. From sprawling historical complexes to artistic bungalows, these homes push the boundaries of what a house can be, inspiring and stirring guests' imaginations along the way.

Wadsworth, IL · 4d

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Joliet Set for 1.3 Million-Square-Foot Warehouse as Region's Industrial Boom Rolls On

23960 S. Houbolt Rd. — Approximate Site of Planned Warehouse. A developer is planning a nearly 1.3 million-square-foot warehouse on a 74-acre site southwest of Chicago, adding another massive project to an industrial pipeline that keeps growing in Joliet, Illinois. Logistics Property Company's planned facility at 23960 South Houbolt Road would total 1,279,700 square feet.

Joliet, IL · 2d

southwestregionalpublishing.com

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Orland Park to demolish former garden center, restaurant

A few eyesores in Orland Park are coming down. The Village of Orland Park Board of Trustees voted at the Oct. 19 meeting to award Markham-based KLF Enterprises a pair of contracts for demolition of buildings on the properties of 15151 Harlem Ave. and buildings on 17101 and 17171 Wolf Road.

Orland Park, IL · 2d

Block Club Chicago

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These Chicago Politicians Just Won Reelection. Now They Want Your Vote For Mayor

DOWNTOWN — Alexi Giannoulias has won reelection to serve another term as the Illinois Secretary of State, a widely expected result in deep-blue Illinois. But whether Giannoulias will serve out all four years in office remains a very open question. Like several other longtime politicians who won reelection to their various positions on Tuesday, he’s in the middle of an increasingly fierce campaign for Chicago mayor — and is widely seen as one of the frontrunners.

Chicago, IL · 2d

Agriculture Online

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More Than 3,200 Acres of Illinois Farmland Head to Auction in November

More than 3,200 acres of farmland are scheduled to be auctioned in Illinois during November 2026. Listings span 19 counties and range from 27 to 375 acres. Here’s a closer look at three notable sales. Grundy County. A 140-acre farm in Grundy County, northeast Illinois, was offered in a...

Illinois · 7h

ABC 7 Chicago

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Chicago developer says Bears should build covered stadium at former US Steel South Works site

Bears officials have promised to continue conversations about a path forward for a stadium in Arlington Heights or Chicago, according to ESPN's Ian Rapoport.

Chicago, IL · 1h

CBS Chicago

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200-acre South Works site pitched as new lakefront Bears home

Related Midwest says a stadium and entertainment district at the former South Works site would also host concerts and community events. As of late October, the Bears said Arlington Heights and Hammond, Indiana, were their only options.

Chicago, IL · 1h

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Arlington Heights Apartment Building Sells for $25M After Pandemic Construction Delay

A 76-unit apartment building near downtown Arlington Heights has changed hands for $25 million, with multifamily investor William Covaci acquiring the five-story property through an operated entity. The building, known as FourNorth Apartments, sits at 4 North Hickory Road and was sold by its original developer, Benchmark Developers. The deal...

Arlington Heights, IL · 2d

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Woman-Owned Illinois Plumbing Company Files for Chapter 7 Bankruptcy

Kohn Plumbing, LLC is a woman-owned commercial plumbing contractor serving Chicago and its surrounding suburbs. The company filed for Chapter 7 bankruptcy protection on November 3 in the U.S. Bankruptcy Court for the Northern District of Illinois. Note: Chapter 7 bankruptcy generally involves the liquidation of a debtor’s eligible assets...

Chicago, IL · 2d

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NAI Hiffman closes five lease transactions at Oak Brook office building

NAI Hiffman completed five lease transactions totaling 17,875 square feet at 903 Commerce Drive, a 72,241-square-foot office building in Oak Brook, Illinois. NAI Hiffman Executive Vice President Steve Chrastka and Senior Associate Broker Connor Dale represented JVM Realty in the transactions with MDI Access, Inc., Landmark Agency, LLC, Romano Beverage, Forvis Mazars and a confidential tenant.

Oak Brook, IL · 2d

CBS Chicago

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Cook County pilot program helping aspiring homeowners realize their dream

A Cook County housing program is bringing new homes and potential financial assistance to working families in underserved communities.

Cook County, IL · 19h

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Wacker Drive Tower Hit With $236M Foreclosure Suit Amid Chicago Office Slump

The landlord of 35 W. Wacker Drive, a 50-story office tower in downtown Chicago, has been hit with a $236 million foreclosure lawsuit. The filing adds another high-dollar legal fight to a downtown office market that has been reeling from falling property values and mounting loan defaults. The lawsuit was...

Chicago, IL · 5h

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Westmont Garage-Condo Project Lets Gearheads Buy Parking for Their Porsches

A new kind of condo is headed for Westmont, and it is not meant for people to sleep in — it is meant for their cars. Torque Motor Suites is planning a car-condominium development in the DuPage County suburb that would give collectors private, climate-controlled garage suites along with a shared clubhouse.

Westmont, IL · 1d

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Construction Begins on Major North Center Redevelopment at Lincoln, Damen and Irving Park

Construction is underway at 3959 N. Lincoln Avenue, bringing a major redevelopment to the busy Lincoln, Damen and Irving Park intersection in North Center. The project will renovate the existing five-story former bank building and add new construction, creating 64 affordable apartments, commercial space and supportive services. A historic building...

Chicago, IL · 1d

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Trulee Evanston sells for $79 million to real estate investment trust

Boston-based AEW Capital Management sold the retirement complex Trulee Evanston, 1815 Norwood Court, to real estate investment trust Healthpeak Properties on Sept. 1 for $79 million, Cook County Clerk property records indicate. Berkadia, the commercial real estate firm that brokered the sale, announced the sale in a Sept. 8 press...

Evanston, IL · 1d

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Ware Malcomb Completes Historic Residential Conversion in Downtown Chicago

Ware Malcomb announced construction is complete on 79 W. Monroe, an office-to-residential conversion project located in downtown Chicago’s Loop district. Ware Malcomb’s Chicago office provided architecture and interior design services for the renovation of the historic 14-story building, which included transforming seven upper floors of vacant office space into 76 market-rate and 41 affordable apartment units, along with ancillary amenities.

Chicago, IL · 2d

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North Center's 4309 N. Lincoln Gets Brick, Glass and Balconies, Still a Mystery Inside

4309 N. Lincoln Ave. — Approximate Site of 12-Unit Residential Project. A four-story, 12-unit residential building rising at 4309 North Lincoln Avenue in North Center has reached a visible milestone: brickwork, glass installation and balconies are now complete on its residential floors. The ground-floor commercial space, however, remains an unfinished shell, with plenty of work still ahead before the project is ready for tenants.

Chicago, IL · 18h

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Loop Hotel Lender Sues to Halt LaSalle Street Apartment Conversion Above JW Marriott

The company managing the debt on Chicago's JW Marriott hotel has gone to court to stop construction crews from converting the office floors above it into apartments, after a power mishap allegedly knocked out the hotel's phones for more than four hours during a crunch of checkouts and check-ins. Torchlight Loan Services filed suit against developer Prime Group in Cook County Circuit Court, asking a judge to freeze work at 208 S. LaSalle until Prime secures the hotel's consent.

Chicago, IL · 1d