Powered by Crains Real Estate Daily and Costar
logo-newcostar_logo

Ferrara Candy Sweet on Downtown Chicago, Will Move HQ from the Suburbs to City’s West Loop

Add Ferrara Candy Co. to the list of Illinois corporations migrating from the suburbs and smaller cities to downtown Chicago.

The maker of Baby Ruth’s, Lemonheads and Sno-Caps is moving its confections corporate business to the Chicago Loop, following a growing number of firms that are relocating or expanding office space in the city’s vibrant central business district.

Like many of the companies before it, including McDonald’s, Motorola, Kraft…

Hines Seeks to Demolish McDonald’s ‘French Fry Building’ for a New Village Center in Suburban Chicago

The “French Fry” building, which formerly housed McDonald’s innovation offices, has been targeted for demolition by Hines as the company looks to re-zone the site for mixed use.Hines is seeking permission to level a McDonald’s Corp. building in Oak Brook, IL, affectionately known as the “French fry building” to create a new village center for the Chicago suburb.

The plans, still in the conceptual phase, are part of a multi-tower office and retail…

Senior Housing Moves Downtown

A new senior housing building developed by Bridgewood Property and equity partner Harrison Street Capital at 1015 South Shepherd Drive, one of the housing communities the venture is developing.

The quarter-acre development site on Kelvin Drive in Houston’s tony West University neighborhood seemed perfectly suited for a variety of options — an upscale condo tower, perhaps more luxury apartments, or even a high-rise of student housing units catering…

Retail Properties of America Names VP, Director of Development – Western Division

Retail Properties of America has hired Scott Miller as its new vice president, director of development – western division.

At RPAI, Miller will target and execute new and existing real estate development opportunities in the company’s western division, including its Main Street Promenade and Plaza del Lago in greater Chicago, and the 840,000-square-foot Southlake Town Square located in the Dallas suburb of Southlake, TX.

“As we begin the next…

WeWork Expands Again in Chicago, Adds 185,000 SF in North Michigan Avenue Area

Pictured: 515 N. State, where WeWork has agreed to fill five floors.WeWork, already the dominant player in downtown Chicago’s co-working environment, is branching out into the North Michigan Avenue submarket, adding another 185,000 square feet to its portfolio as the market for shared office space explodes.

The

Hancock Center, a Chicago Skyline Icon, May Have a New Owner

Sterling Bay, the developer that bought Prudential Plaza in Chicago earlier this year, is making another major move into downtown commercial real estate with the purchase of the trophy tower that used to be called the John Hancock Center, according to published reports.

If the deal is completed for an estimated $310 million, as first reported by Crain’s Chicago Business, Sterling Bay will augment its flourishing Chicago portfolio with one of the…

Thor Equities Refinances Chicago’s Landmark Palmer House Hotel for $427.2 Million

The Palmer House Hotel in downtown Chicago.
Thor Equities is tapping into rising property values again, refinancing $427.2 million in mortgages on Chicago’s landmark Palmer House Hotel as the downtown of the third-largest U.S. city is buoyed by new hotel openings.

The new loan gives New York-based Thor, which sun

Leave a Reply