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Real Estate and Development

Soho House hotel developers secure $44.4 million construction loan

Measure to keep tenants in foreclosed buildings stalls in committee

An effort to prevent tenants residing in foreclosed buildings from being evicted stalled Wednesday in the City Council’s housing committee.

Called the “Keep Chicago Renting” Ordinance, the measure was first introduced last year and has undergone several changes. Aldermen passed the ordinance but housing committee chairman Ald. Ray Suarez (31st) said it would be held in committee until its June 5 meeting to give opponents of the proposal more time to air out their grievances.

South Koreans to pay $348 million for Loop office tower

Men's clothier and home decor retailer to open on Oak Street

Developer selling North Side shopping center for $26 million

Portage Theater inches toward landmark status

The quest for landmark status for one of the city’s oldest movie houses, Portage Theater, took a step forward Tuesday when the City Council’s Committee on Zoning, Landmarks, and Building Standards approved the designation, sending it to the full Council for review.

Chicago home prices up 5% from a year ago

Blackstone buys big industrial portfolio

Local construction forecast to rise 7.4 percent this year

Compass mortgage expands in western suburbs