There’s a new pecking order in the partnership that owns Lincolnwood’s old Purple Hotel at 4500 W. Touhy Ave. The architect that worked on the project and advocated reusing the building is off the job. And a new sense of … Continue reading
Tinley Park-based Mack Companies has been among the most active buyers of foreclosed single-family homes in the Chicago area. It buys them, fixes them up and then leases them — an average of one a day, the company said. It … Continue reading
Navy Pier officials introduced plans Friday to improve the appearance and layout of the lakefront tourist attraction, hoping to spruce it up for its 2016 centennial while laying a path for additional private investment. The $115 million project calls for … Continue reading
Mayor Rahm Emanuel, hoping to elevate Chicago’s game in tourism and conventions, has assembled a package deal that would combine new hotel rooms and a DePaul University-anchored stadium near McCormick Place with beautification of Navy Pier. The plan’s key element … Continue reading
A foundation endowed by Chicago printing and radio station magnate Fred Eychaner said Wednesday it will commit $10 million toward restoring Frank Lloyd Wright’s Unity Temple in Oak Park. The money from Alphawood Foundation Chicago is supposed to kick-start a … Continue reading
Curt Bailey knows that in the frenetic game of Chicago real estate, the focus always is on the next deal. So Bailey, president of Related Midwest, can’t ease up for long in enjoying the firm’s latest milestone. Related Midwest has … Continue reading
City officials Tuesday approved terms of a project that will create 61 studio apartments for the homeless or those close to it. The project at 727 W. Lake St. relies on low-income housing tax credits and a $3.1 million subsidy … Continue reading
The best thing to be said for Cubs owner Tom Ricketts and his ostensible threat to vacate Wrigley Field is that he had to say it. He’s a soft-spoken man, demeanor that ought to serve him well when dealing with … Continue reading
J. Paul Beitler feels the need for speed. Beitler, one of Chicago’s most prominent developers over the last 30 years, has hatched a plan for an office tower whose modest scale he thinks will give him a competitive edge. In … Continue reading
Real estate kingpins Jerry Speyer and Sam Zell were lucky they had an elite audience for their joint appearance Tuesday at DLA Piper’s annual real estate conference in Chicago. A different group might have called them out for a few … Continue reading