David Roeder
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Construction has started on a nine-story apartment building on the northwest corner of Madison Street and Racine Avenue. The 216-unit project is a venture of Ascend Real Estate Group, Team4 Development, both in Chicago, and Boston-based Intercontinental Real Estate. As … Continue reading

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Chicago’s retail market will get notably better this year because of improved job creation, real estate firm Marcus & Millichap said in its second-quarter outlook. It said overall retail vacancies for the region will slip to 12.2 percent from 12.7 … Continue reading

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Diversified manufacturer Illinois Tool Works plans to move its corporate headquarters, but it isn’t going far. It won’t even have to change the Glenview dateline in its news releases. ITW, one of the Chicago area’s leading public companies, confirmed through … Continue reading

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With Memorial Day here, it’s that time again to enjoy the weather and, if your employer allows it, plot how to extend the weekend. The season of “summer hours” has arrived. It’s a specialized perk, most often found in larger … Continue reading

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You can buy a smartphone with the Caterpillar name on it. It sounds like an odd combination: the Peoria-based maker of construction equipment and a tiny device that needs tender loving care. But Cat knows its core market and isn’t … Continue reading

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A longtime executive of General Electric’s finance division was named Friday as the new head of World Business Chicago, which promotes economic growth in the region. Mayor Rahm Emanuel, who chairs the public-private agency’s board, said Jeff Malehorn will become … Continue reading

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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

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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

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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

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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