Nov. 19, 2010 at 10:10 a.m.
Filed under:
Commercial real estate,
Real estate
By Wailin Wong
Greeting card maker American Greetings Corp. is considering two sites in the Chicago area for its corporate headquarters, which it may move from Brooklyn, Ohio.
The company said in a Friday statement it may stay in Brooklyn, which is in the greater Cleveland area. But it is also looking at six other sites, with four in Ohio and two in “greater Chicago.” American Greetings spokeswoman Patrice Sadd declined to be more specific about the Chicago-area locations under consideration. Get the full story »
Nov. 16, 2010 at 6:23 p.m.
Filed under:
Commercial real estate,
Education,
Real estate
From Crain’s Chicago Business | Johnson Publishing Co. has sold its headquarters at 820 S. Michigan Ave. to Columbia College Chicago, though it did not disclose terms of the sale. In a press release, Johnson Publishing said it will continue to occupy the building under an 18-month lease.
Nov. 11, 2010 at 2:25 p.m.
Filed under:
Commercial real estate,
Real estate,
Retail
By Reuters
Kohl’s Corp. is set to open more new stores in 2011 than it originally planned, citing more favorable conditions and availability in the commercial real estate market.
The mid-tier U.S. department store operator, which operates 1,089 stores, had planned to open 30 new stores next year but now intends to open 40, Chief Financial Officer Wes McDonald said on a call with analysts. Get the full story »
By Tribune staff report
JW Marriott will open its first branded hotel in Chicago Nov. 11, a 610-room facility in Daniel Burnham’s Continental & Commercial National Bank Building in the Loop. Get the full story »
Daily Herald | Allstate has bought the former headquarters of HSBC Corp. in Prospect Heights. The insurance company said it would demolish the two buildings there immediately and hold the land for future development.
By Emily Bryson York
A group that lobbies against fast food and meat consumption will ask Mayor Richard Daley to temporarily stop fast food restaurant construction.
In a Nov. 4 letter shared with the Tribune, a director of nutrition at The Physicians Committee for Responsible Medicine writes that fast food consumption leads to obesity and heart disease.
“This step is urgently needed because Chicago’s high-fat, meat-heavy diets are literally breaking hearts,” Susan Levin, the director of nutrition, writes. “A moratorium on new fast-food restaurants could be a critically important step toward fighting this epidemic.” Get the full story »
Oct. 29, 2010 at 9:58 a.m.
Filed under:
Commercial real estate,
Real estate,
Retail
Crain’s Chicago Business | A Nebraska discount retailer is set to enter the Chicago area next year. Gordsmans Stores will be taking a 47,500 square-foot space in Algonquin Commons, according to mall owner Inland Real Estate.
By Reuters
General Growth Properties Inc. named Sandeep Mathrani, Vornado Realty Trust’s former president of its retail unit, to become the No. 2 U.S. mall owner’s new chief executive after it emerges from bankruptcy next month, the company said on Thursday. Get the full story »
Oct. 28, 2010 at 11:07 a.m.
Filed under:
Commercial real estate,
Real estate
Milwaukee Journal-Sentinel | Jones Lang LaSalle is completing a deal to become the property management firm for Milwaukee’s Shops of Grand Avenue. The downtown mall is owned by Bank of America.
By Sandra M. Jones
Merz Apothecary will close its store inside Macy’s on State Street at the end of the day Wednesday, and begin the week-long process of moving to the Palmer House a few blocks away.
The family-owned business, known for its homeopathic remedies and colorful bath products, plans to open at the historic hotel at 17 E. Monroe St. on Nov. 4. A grand opening is slated for Nov. 11.
The new location at the historic hotel — on the first floor near the bellhop and the Starbucks — will expose the Chicago retailer to thousands of tourists a day, said Anthony Qaiyum, owner of Merz. Get the full story »
WIFR.com | Harris Bank has taken a pass on Amcore’s Rockford headquarters, leaving the FDIC holding the seven-story building.
By Reuters
Bankrupt mall owner General Growth Properties Inc. is in talks to hire Vornado Realty Trust executive Sandeep Mathrani as its next chief executive, The Wall Street Journal reported Sunday.
Get the full story »
Oct. 25, 2010 at 9:44 a.m.
Filed under:
Commercial real estate,
Real estate,
Tourism
By Mary Ellen Podmolik
Wright Preservation Trust offices and gift shop seen from the light court of the Rookery Building. (Handout)
Frank Lloyd Wright is headed back to Chicago’s historic Rookery building, in a manner of speaking.
The Frank Lloyd Wright Preservation Trust plans to open a public information center and offer free tours of the building where Wright once housed his downtown Chicago offices and later updated its light court and lobbies. The free tours, as well as the opening of a gift shop, are scheduled for early 2011. Get the full story »
Oct. 22, 2010 at 10:58 a.m.
Filed under:
Commercial real estate,
Health care,
Real estate
By Associated Press
Ventas Inc. said Friday it is buying the real estate assets of Atria Senior Living Group for $1.5 billion in cash and stock, giving it a portfolio of 118 homes located in wealthy coastal regions.
The health care real estate investment trust is also assuming $1.6 billion in debt. Get the full story »
By Reuters
General Growth Properties’ reorganization plan was approved on Thursday, paving the way for the mall operator to exit bankruptcy a year and a half after it was brought to its knees under billions in debt it could not refinance.
General Growth said it expected to emerge from bankruptcy around Nov. 8. It then would turn its attention to a $2.25 billion share sale to raise capital. Get the full story »
