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Real Estate and Development

Bulls break ground on downtown practice center

Illinoisans to receive foreclosure settlement checks this week

St. Charles apartments to sell for $19.2 million

Block 37 is returning from the dead

Developer buys South Loop parcel for less than half 2008 price

Lakeview senior affordable housing project moves forward

The Commission on Chicago Landmarks approved on Thursday landmark status for the former 42nd precinct town hall police station at 3600 N. Halsted St. in the Lakeview neighborhood. Landmark status for the erstwhile police station is the final step necessary to authorize construction a $26 million, 79-unit senior affordable housing building on the site.

Prudential Plaza a zombie no more

Construction contracts inked for new Malcolm X campus

The City Colleges of Chicago board approved on Thursday a set of key contracts relating to the construction of a new Malcolm X College campus. The board’s actions come one day after the Chicago City Council signed off on the development plan for the community college campus.

Among the measures board members approved on Thursday was a three-year, $7 million contract for Jacobs Construction Management to organize the construction project, which is scheduled to be completed by 2016.

Mayor proposes “first of its kind” cargo center at O’Hare

Mayor Rahm Emanuel proposed the development of a cargo center at O’Hare International Airport that would store perishable items such as flowers, food, and medicine.

On Wednesday, Emanuel introduced to the City Council the measure establishing an agreement with Chicago Perishable Center, Inc. for the operation of a 27,000 square foot center just east of O’Hare’s Terminal 5. If the measure receives the Council’s approval, the center will open next year.

New owners of Continental Towers plan big rehab