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Lollapalooza All Year? Sterling Bay Inks Events Deal with Live Nation at Lincoln Yards

Courtesy: Edelman.Sterling Bay is stepping up the “play” part in its work-live-play redevelopment of the 70-acre Lincoln Yards site along the Chicago River through a partnership with Live Nation for as many as five entertainment venues.

Live Nation, the world’s largest concert promoter and parent of Ticketmaster, will exc

Forget the Chicago Spire, Related Midwest Has Two-Tower Plan for 400 N. Lake Shore Dr.

Courtesy: Related MidwestRelated Midwest on Wednesday unveiled an architecturally significant waterfront design for the failed Chicago Spire project site that could add two more bold, shiny standouts to an already notable skyline.

The much-anticipated plans include an unmatched but distinguishable pair of tapered residen

Get Ready Chicago and San Francisco, It’s Amazon Go Time

Credit: Amazon Jobs

Chicago and San Francisco will soon be hosting new Amazon Go cashier-less grocery stores, according to Amazon.com, which posted job openings for both locations on its website.

The job postings confirm rumors that have been running rampant for months as the world’s biggest online retailer takes its first steps to expand the cashier-less grocery store concept beyond its Seattle hometown.

In a confirmation to CoStar, an Amazon…

Sears Holdings Forms Independent Board Committee to Explore Lampert Proposal

Sears Holdings Corp. said Monday that it has formed a special committee of the board of directors to independently review a proposal from CEO Edward Lampert’s hedge fund, ESL Investments, to purchase certain Sears assets.

In a Sears report, the company said it is launching a “formal process to explore” selling the Kenmore appliance brand and related assets, as well as the Sears Home Improvement Products business and the Parts Direct business -…

Colliers Buying Majority Stake in Harrison Street

Jay Hennick, Colliers chairman and CEO

Colliers International Group Inc. this morning announced it has agreed to acquire a 75% stake in Harrison Street Real Estate Capital LLC, a real estate investment firm with $14.6 billion in assets under management. The deal is expected to close by the third quarter of 2018.

Under the terms of the transaction, Colliers will acquire 75% of Harrison Street from its founders for $450 million, with an additional…

Related Midwest Unveils Plans for Massive Development on South Loop Site

The 78 will create a new neighborhood along a half-mile stretch of Chicago River waterfront long derided as an eyesore. Credit: Related Midwest
After decades of dormancy, Related Midwest hopes to transform an undeveloped former railyard site into one of the largest developments in Chicago history.

Dubbed The 78 because it wo

Apex Warehouse Systems Bolsters Chicago Operations with 108,000-SF Lease in Aurora

Apex Warehouse Systems, a materials handling and storage equipment company, expanded its current Chicago footprint by signing a 107,600-square-foot warehouse lease at 616 W. Park Ave. in Aurora, IL.

The locally-based firm, which currently operates two other facilities in West Chicago and Romeoville, IL, will use its new space within the 342,268-square-foot warehouse for additional storage space.

Originally built in 1950, the W. Park. Ave facility…

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