Search

Court challenges and political scuffling kept the state's 10th and possibly most lucrative casino license out of commission this year-but that's likely to change in 2003. After months of negotiations, [...]

AGE: 39. Founder and president, Club Libby Lu An imaginary childhood friend helped inspire Mary Drolet to create Club Libby Lu-a rapidly expanding chain of retail stores where little girls [...]

AGE: 31. Design principal, Nate Berkus Associates When Wolfgang Puck, Oprah Winfrey or any number of high-profile personalities need expert advice on transforming a room, they often turn to Chicago-based [...]

AGE: 37. Senior vice-president, CB Rich-ard Ellis Inc. Lisa Konieczka met hundreds of male colleagues after she started working at CB Richard Ellis Inc. in 1997, but one day, she [...]

James M. Hanson (right) AGE: 36. Bruce G. Miller AGE: 36. Managing directors, Capital Markets Group, Jones Lang LaSalle Inc. The Chicago office market is still sluggish, but the dynamic [...]

Poised over huge aerial photos of the city's South Side, Terry Peterson grows animated as he explains the Chicago Housing Authority's plans to transform a more-than-31/2-mile corridor of blighted public [...]

New condominium, loft and townhome sales in downtown Chicago declined slightly during the second quarter, and developers responded to a cooling residential market by starting fewer projects. Sales dipped 14.2% [...]

A gaping hole in the North Michigan Avenue landscape is likely to be filled-and another one created-as Minnesota-based furniture retailer Room & Board considers moving its stores from Chicago Place [...]

If proposed revisions to the city's building code are approved, they will make Chicago one of a handful of municipalities nationwide that require residential developers to build more accessible housing [...]

With the Illinois Gaming Board moving to auction off the state's only available casino license, potential bidders are combing the suburbs for a location that will contribute to a winning [...]

Stephen Smith remembers a time not long ago when many corporate officers raised their eyebrows if landlords asked to see their companies' financial statements before signing a lease for office [...]

In just the past year, the Rev. Michael Herman, a priest at St. Sylvester Church in Chicago's Logan Square neighborhood, has seen dozens of families from the parish uprooted by [...]

The Chicago-area industrial market continued to slide during the second quarter of 2002, with most submarkets reporting climbing vacancy rates and declining rents. The overall vacancy rate for industrial space [...]

Chicago-based Bank One Corp. is in negotiations to buy Dearborn Center, the 1.5-million-square-foot office building under construction at 131 S. Dearborn St., for more than $300 million, according to sources [...]

Higher prices, fewer amenities and even a slowdown in the housing market are possible byproducts of the city's proposed overhaul of its zoning ordinance. That's the opening salvo of some [...]

A Chicago developer is betting that a multimillion-dollar facelift will transform the former headquarters of defunct Montgomery Ward & Co. from a dated-looking, 1970s office tower into a swanky condominium [...]

The suburban office market went from bad to worse during the first quarter of 2002, as vacancy rates continued to soar. All segments of the suburban office market reported spikes [...]

When John Podmajersky started buying and rehabbing dilapidated apartment buildings in Chicago's East Pilsen neighborhood in 1957, he hoped to save his community from abandonment. One by one, he acquired [...]

Faced with the softest office market in nearly a decade, suburban landlords are offering cold, hard cash and other prizes-like sports cars, luxury vacations and expensive watches-to drum up interest [...]

General Growth Properties Inc.-the nation's second-largest owner and operator of shopping malls-has been on a shopping spree. Last year, Chicago-based General Growth inked a pair of deals that expanded its [...]

Cook County is eyeing the former Helene Curtis Industries Inc. headquarters building at 325 N. Wells St. as a new location for its Domestic Violence Court. County officials, who scrapped [...]

Despite a drop in industrial sales and leasing activity and a rising vacancy rate, construction of new industrial buildings continued at a strong pace in the first quarter. Sales and [...]

In far northwest suburban Huntley, Kirk Homes Corp.'s sales in the first quarter fell nearly 90% from the same period last year. But the Streamwood-based residential developer says waning demand [...]

The unraveling of Andersen threatens to dump a large block of space into an already-glutted market for high-end Loop office space. While companies that pick up Andersen clients and workers [...]

Aurora's Hollywood Casino and two sister properties in Louisiana and Mississippi are being shopped to potential buyers, according to sources. An investment bank has been hired to court bidders for [...]

While the good times kept going for residential developers in Chicago's suburbs last year-with new-home sales and prices continuing to climb-things were dramatically different for developers in the city. The [...]

As the new chief financial officer of a young public company, Lauralee E. Martin says her greatest challenge will be giving investors a clear idea of what the company's about. [...]

A series of random-in some cases fatal-accidents has pedestrians wondering if walking down the street in downtown Chicago constitutes hazardous duty. The March 9 accident in which scaffolding fell from [...]

Slowing demand in 2001 drove down rents and increased the availability rate for downtown office space in many sectors. The percentage of available downtown office space-which includes subleases-jumped to 14.5% [...]

Even as demand for suburban office buildings slackened last year, the market held up for high-quality buildings fully stocked with rent-paying tenants. An analysis by the Chicago office of Los [...]

The first true test of how patient Lake County residents are with the concept of ``smart growth'' comes this month. With all 23 County Board seats up for grabs later [...]

After house-hunting in the Northwest Side neighborhoods of Old Irving Park and Norwood Park, Gina and John Minas have set their sights south. Specifically, they're building a new house in [...]

In a flooded downtown condominium market, a few real estate developers have discovered an unexpected life preserver: boat slips. A handful of riverside condo developments featuring boat slips are drawing [...]

The amount of industrial space available for lease in the Chicago region spiked dramatically in 2001, taking a major toll on some of the area's strongest markets, according to statistics [...]

Long the Chicago office market's strongest and steadiest region, the area around O'Hare International Airport is now awash in empty office space. Vacancy rates there soared 25% between the fourth [...]

MGM Mirage Inc. would pay more than $600 million to buy out the embattled promoters of a casino in suburban Rosemont, who would then forward about $150 million to the [...]

Donald Trump is still committed to building a skyscraper on the Chicago Sun-Times site along the Chicago River. But he doesn't know what's going to be in it. Although the [...]

After more than 25 years in a Gold Coast apartment, Chicago socialite Sugar Rautbord is looking to buy her own place, and she knows just what she wants. ``I prefer [...]

Chicago's thriving hotel market cooled significantly in 2001, as the events of Sept. 11 and a faltering economy took a toll on tourism and corporate travel. Occupancy rates declined across [...]

With some retailers going out of business and others trimming expansion plans, the overall vacancy rate at Chicago-area shopping centers jumped more than 25% in 2001-one of the biggest year-to-year [...]

As manager of one of the city's larger residential high-rises, Cathy Lewandowski is gearing up to bring Chicago Place into compliance with new city emergency evacuation procedures that must be [...]

A Park Ridge-based real estate investment firm has abandoned plans for a condominium development in River North and has put the property up for sale. BJB Partners LLC acquired the [...]

Chicago's billionaire Pritzker family is reviving its plan for a Wacker Drive skyscraper and has hired the New York-based firm founded by world-renowned architect I. M. Pei to develop a [...]

Vacancy rates in the suburban office market continued to climb in the third quarter, as new office space came on the market and demand remained soft. Data compiled by the [...]

Faced with the softest rental market in about a decade, landlords at downtown apartment buildings have resorted to peddling big concessions, ranging from $1,000 Nordstrom gift certificates to two months' [...]

While the rumbles of a construction site are anything but mellifluous, Thomas Kerwin likens his work to conducting an orchestra. Mr. Kerwin is the youngest partner at Chicago-based architecture firm [...]