Marriott’s Edition is in talks to convert lower office floors at 875 North Michigan into a 350‑room hotel, repurposing roughly 400,000 square feet on the Magnificent Mile.

Rebuild Chicago 2.0 is relaunching to rehab 33 vacant houses on the South and West sides, beginning with a Roseland home listed at $249,000. The program is backed by a $20 million IHDA grant administered through local CDFIs.

Peakline is racing to raise $1.3B for a two-track Opportunity Zone fund ahead of OZ 2.0, betting rural incentives will reshape where capital lands. The firm is moving now to align projects with the new map.

A 207‑unit Wicker Park apartment complex anchored by a Target has been listed for sale and is being marketed by CBRE. The offering pairs street‑level retail with newer apartments.

Glenview approved a demolition contract for the 56‑acre former Signode campus, budgeting just under $2 million as officials prepare the land for parks, fields and open space.

The Chicago Zoning Board of Appeals approved a hookah lounge at 7055 W. Higgins Ave., accepting the planning department's recommendation despite Ald. Napolitano’s objections.

Three North Side apartment complexes — Next, SoNo East and Eight Eleven — were listed for sale, drawing institutional interest and setting up potentially big 2026 deals.

A May 18 construction permit greenlights Dinkel’s Lofts at 3329 N Lincoln, a seven‑story, 42‑unit project that preserves the bakery’s historic façade and neon sign.

At a crowded town hall last Wednesday, the mayor defended Elk Grove's push for more data centers while neighbors raised alarms about water, power and jobs.

City Council cleared rezonings for two mid‑rise projects in Ukrainian Village and Bucktown, opening the way for 70 new apartments and renewed construction activity. The approvals came amid a broader restart of the city’s zoning pipeline.

Yitzy Klor’s YK Investments has returned with a $98M deconversion bid at 200 North Dearborn. Owners will vote as financing and past stalled deals linger as concerns.

CityPads sold Tapestry Station, a 120‑unit building at 740 Main St. in Evanston, to TLC Management for about $38 million in a 1031 exchange. The property opened in early 2024 and includes rooftop, parking and coworking amenities.

Scion and Ares formed a joint venture to buy a 12‑property, 7,578‑bed student housing portfolio for about $910M, expanding Scion’s national footprint. Scion will operate the assets while Ares supplies institutional capital.