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Samantha Lee/Insider Shopping centers have seen occupancy, rent collections, and revenues bounce back from the pandemic. Strip malls have been bolstered by the popularity of the suburbs and necessity-focused shopping.  The once-overlooked sector is now hot among investors, with share prices up 40% this year. Like much of the nation's retail market, the Gurnee Town Center took its lumps during the pandemic. Last April, the furniture chain Art Van shuttered a store it operated in the strip mall, which sits about an hour's drive north of Chicago, just off Route 132, a he...

Francis Greenburger of Time Equities (Greenburger via Michael McWeeney; iStock) Changes to New York’s rent laws dealt a severe blow to the business of condo conversions, according to a new study. In the year following the June 2019 passage of the Housing Stability and Tenant Protection Act, just five condo conversion plans were submitted to the Attorney General’s office, the lowest level since the 1960s. In the previous five years, an average of nearly 24 conversion plans were filed each year, according to a recent report prepared by the Steven L. Newman Real Estate Institute at Baruch Co...

Death of architect Helmut Jahn leaves two big Chicago projects in doubt Ryan Ori, Chicago Tribune © Jose M. Osorio/TNS Looking upward at the atrium inside the James R. Thompson Center from ground level on Dec. 22, 2016. As the architecture world mourns Helmut Jahn’s death from a cycling accident Saturday in the western suburbs, the next few months are likely to go a long way toward determining the fate of the 81-year-old’s most controversial building and his tallest one in Chicago. Jahn’s namesake firm and preservation groups continue working to spare the glassy, spac...

As the architecture world mourns Helmut Jahn’s death from a cycling accident Saturday in the western suburbs, the next few months are likely to go a long way toward determining the fate of the 81-year-old’s most controversial building and his tallest one in Chicago. Jahn’s namesake firm and preservation groups continue working to spare the glassy, spaceshiplike James R. Thompson Center, known for its spectacular 17-story atrium, from the wrecking ball after the state of Illinois recently put the Loop property on the market for sale. Meanwhile, developers are reworking plans to ...

In New York, a Wait-and-See Attitude Even With a Reopening Businesses will begin to reopen in weeks, but in residential buildings, no one seems quite ready to abandon pandemic protocols. Last year, the staff at 150 West 58th Street routinely sanitized packages outdoors before delivering them to residents. That precaution may — or may not be — a thing of the past very soon.Credit...Robert Wright for The New York Times By Joanne Kaufman May 6, 2021, 8:00 a.m. ET On Monday, Gov. Andrew M. Cuomo announced that come May 19, restaurants, stores, museums, offices, health clubs and barbershops in...