Visit our Filed page for categories. To browse by specific topic, see our Inside page. For a list of companies covered on this site, visit our Companies page.
U.S. real estate companies said on Monday they were trying to assess the damage that last week’s earthquake and tsunami may have inflicted on the hotels, warehouses and outlet centers they own in Japan.
The companies, including four real estate investment trusts (REITs), are expected to incur some property damage from the disaster. With a highly dense population in one of the world’s wealthiest countries, Japan is a favorite among U.S. real estate investors. Get the full story »
From The La Salle NewsTribune | A building that housed one of the branches of failed bank Amcore is up for bids. The sale is being handled by CB Richard Ellis, and the building, located in Peru, Ill., is being sold by sealed bids due March 9.
From Property Week | Mark Simms, an associate director from CB Richard Ellis who joined CBRE in April from Cushman & Wakefield, will join computer giant Apple’s property team.
CB Richard Ellis Group Inc. said Thursday it has lined up $1.5 billion in new credit and refinanced $650 million in debt under its credit agreement. Get the full story »
From Crain’s Chicago Business | The court-appointed receiver for the upstart mall at Block 37 has filed a lawsuit to evict two big tenants — Bigsby and Kuruthers and a food court-like restaurant planned by Lettuce Entertain You — both part of joint ventures with Block 37’s previous developer, Joseph Freed & Associates.
Shoppers on North Michigan Avenue, June 22, 2010. (Abel Uribe/Chicago Tribune)
The Magnificent Mile is emerging from the recession like most of America: Less bling and more bargains.
North Michigan Avenue is on the mend, thanks to the arrival of off-price stores and discount chains that are moving into large swaths of space, some of it empty for years.
The pending arrival of off-price stores Nordstrom Rack and TJX’s HomeGoods, combined with the 2009 openings of fast-fashion clothing store Zara and electronics giant Best Buy, helped lift the boulevard to its best performance since 2003, according to an annual retail vacancy survey from real estate firm CB Richard Ellis Inc. provided exclusively to the Tribune.
Get the full story »
