Real Capital Solutions paid $132.5M for 401 N. Michigan Ave, choosing stabilized quality over deep‑discount lease‑up plays. The purchase could shift pricing for Chicago's best office towers.

FPA Multifamily paid $51 million for the 378‑unit VIP Apartments at 850 Corey Lane in Wheeling and rebranded it ReNew Lake Arlington.

Pay‑later rent apps are catching on in Chicago as renters chase cash‑flow relief — but experts warn the subscription and processing fees can add up. Understand the trade‑offs.

A tower-crane base was set at 1010 S Wells on Feb. 5, signaling visible progress on CMK’s Riverline first tower in the South Loop.

Big tech warns Illinois’ strict biometric privacy rules are scaring away data‑center investment even as suburbs and utilities clash over power and noise.

A Domus rezoning bid at 215 N. Racine would let developers buy far more density in Fulton Market, promising affordable units and a new park while alarming neighbors. The Plan Commission will weigh the request on Feb. 19, 2026.

Lender LNR Partners has moved to foreclose on the 46,700‑sq‑ft retail block at 100 East Walton after a loan matured and appraisals plunged. The filing could force a sale or a negotiated workout.

A Quadrum‑led lender sued to foreclose on the 221‑room Godfrey Hotel in River North, claiming about $57.2 million is unpaid on the senior mortgage.

A Plan Commission hearing on a fill permit reignited opposition to Amazon’s proposed data center in Hobart, with petitions and lawsuits intensifying the fight.

Discovery Partners Institute is under contract to buy the mostly vacant 250 S. Wacker Drive tower for about $25 million, a sign that institutional buyers are moving into downtown office gaps.

A tangled loan stack at 300 South Riverside Plaza has allegedly produced defaults on both the leasehold and ground loans, putting the West Loop tower at risk of foreclosure.

Aurora has moved to decommission and remediate its downtown Central Garage after testing found contamination. The city has selected a firm for a full site investigation.

After a 2024 fire left the West Loop’s Palace Grill shuttered, the Lemperis family’s building is now being marketed as a redevelopment site near the United Center. Brokers say the parcel could support a mid‑rise housing project.