The owner of NBC Tower wants to convert part of the Streeterville skyscraper into hundreds of apartments, joining the parade of downtown landlords turning empty office space into residential uses.
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Residential Real Estate
Illinois ranks second to last in U.S. on building new housing
On a per capita basis, only Alaska built fewer homes than Illinois in the past year. The mounting deficit in Illinois is contributing to higher home prices and rents.
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Commercial Real Estate
Wirtz family sells Lakeview apartments for $34M
The Wirtz family's real estate business has sold a vintage apartment tower in Lakeview for $34 million in its latest move to pare down its residential holdings.
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Apartments on 606 trail sell in test of anti-gentrification ordinance
A new firm led by former LG Development execs bought the Bucktown complex from their former employer for $41.5 million.
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McDonald’s replaces U.S. boss after slowest growth in over a year
Skye Anderson is replacing Joe Erlinger, who is leaving the company and has held the role for about seven years.
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Johnson loses budget director days after CFO exit
Interim-CFO Steven Mahr left his position last week.
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Detroit Lions CEO selling New Buffalo home
Wood, who announced in February he's retiring from the NFL franchise, and his wife, Susan, have owned the home 210 miles from the team's offices since 2020.
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Health Care
Northwestern Memorial, Rush crack top 20 in U.S. hospitals ranking
The two Chicago hospitals tied for the best hospitals in the Chicago area.