Citadel Center likely to top $500 million
A joint venture that includes Prime Group Realty Trust is putting up for sale Citadel Center, the Central Loop office tower whose price should exceed $500 million, which could make...
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Developer Golub to acquire Time-Life Building for $61 million
Chicago developer Golub & Co. has a non-binding agreement to acquire a Streeterville office building at 541 N. Fairbanks Court from the Teachers' Retirement System of the State of Illinois...
Dallas firm to acquire 222 S. Riverside Plaza
In its first Chicago acquisition, Dallas real estate investment firm Behringer Harvard Funds has agreed to buy 222 S. Riverside Plaza in the West Loop. A Behringer-sponsored fund would pay...
Firm linked to Mills near sale of 2 buildings to raise cash
A continent away, German investment firm KanAm International is in last-minute negotiations to sell 444 N. Michigan Ave. and a top-quality Arizona office building to Munich-based GLL Real Estate Partners....
Hines near 2nd deal along the river
Hines Real Estate Investment Trust Inc. is expected to announce soon the purchase of 321 N. Clark St. for about $250 million, its second deal along the Chicago River this...
Scottish Rite site again for sale
For the second time in five years, real estate firm Staubach Co. is marketing a prime Gold Coast development site owned by the Scottish Rite fraternal organization. The Masonic group's...
GE unit looking to buy 181 W. Madison skyscraper
The asset management unit of General Electric Corp. is working on a top-dollar deal to acquire 181 W. Madison St., a Central Loop skyscraper designed by prominent architect Cesar Pelli....
New City YMCA sale may bring $50 million
The New City YMCA in the Clybourn Corridor is going up for sale, a rare large development site on one of Chicago's hottest retailing strips that could command a premium...
Equity Office buys Pointe O’Hare I building
Equity Office Properties Trust is boosting its presence near O'Hare International Airport, buying the Pointe O'Hare I building from developer Orix Real Estate Capital Inc. The Chicago real estate investment...
German firm seeks 70% of Illinois Center tower
The parade of German investors continues through downtown Chicago. Orlando-based Estein & Associates USA Ltd. has signed a letter of intent to buy a 70 percent interest in 233 N....