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Alexandros Washburn, the former chief planner for the City of New York who now leads Brooklyn-based design firm DRAW Brooklyn, has unveiled a plan to build a mixed used housing and manufacturing development in Red Hook. Called the Model Block, the plan aims to transform a vacant warehouse at 145 Wolcott Street into a 210-unit apartment complex with 65,675 s/f of light manufacturing space and 74,325 s/f of commercial space including restaurant, shops, maker space and creative office space. ALEXANDROS WASHBURN Washburn has partnered with Washington D.C.-based development firm Four Points, LLC o...

The new owner of the Carbide & Carbon Building plans to open a rebranded hotel in the North Michigan Avenue landmark by this spring, offering a rare vote of confidence to a downtown Chicago tourism market that has been pummeled by COVID-19. The Pendry Chicago will replace the former the St. Jane Hotel.

Lakeshore East’s developer is chopping the height and eliminating one of two hotels from a skyscraper planned for near Millennium Park, after nearly a year of devastation to the travel industry caused by the COVID-19 pandemic.

Press release content from Business Wire. The AP news staff was not involved in its creation. KBS Sells 96,502-Square-Foot Building at an Eight-Building, Class A Office Complex in San Jose, California, for $50.5M December 28, 2020 GMT KBS Sells 350 Holger Way at District 237 (Photo: Business Wire) SAN JOSE, Calif.--(BUSINESS WIRE)--Dec 28, 2020-- KBS, one of the largest investors in premier commercial real estate in the nation, announced today that it has sold a 96,502-square-foot building at District 237, an eight-building, 415,492-square-foot, Class A office/R&D complex in San Jose, Califor...

Javascript is disabled in your web browser. For full functionality of this site it is necessary to enable JavaScript. Please Allow Javascript and reload this page. Here are Chicago’s 10 biggest investment sales of 2020 Office deals led the pack, including sale of McDonald’s HQ in Fulton Market and Michael Shvo’s purchase of “Big Red” tower in Downtown Chicago /   As with most other cities, Chicago’s commercial real estate market went off the rails in 2020, upending what had been a promising start to the year. Demand for office space tanked, hotels emptied out leaving o...