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Real Estate and Development

Xerox unit doubles space in move next door

New Post Office plan: smaller but still really big

Illinois foreclosure activity falls in March

Mayor proposes closing tax loophole benefitting property investors

Mayor Rahm Emanuel proposed an ordinance at Wednesday’s City Council meeting that closes a property tax loophole, a move he says could save the city about $2 million in tax revenue over the next two years.

The measure amends the city’s Real Property Transfer Tax ordinance to clarify that only lenders such as banks or credit unions – not investors – that are selling or transferring properties foreclosed upon are exempt from paying a property transfer tax.

Canadian REIT buys Naperville office property

Rising market solves loan woes at West Loop hotel

Public Building Commission issues RFP for $220 million in school upgrades

The Public Building Commission issued a request for proposals Tuesday for design and construction services for $220 million worth of upgrades in over 100 Chicago public schools.

Developer sells new West Loop shopping center to LaSalle Investment

Neighbor agrees to pay about $25 million for Wacker Drive tower

IFA board approves bond issuances for RIC, Kankakee health system

The Illinois Finance Authority green-lit $485 million in bond issuances to benefit regional projects on Tuesday.

The Rehabilitation Institute of Chicago and the Kankakee-based Riverside Health System were the recipients of two preliminary bonds expected to help create 405 jobs. Both institutions are currently engaged in capital construction projects.