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Real Estate and Development

CalSTRS buys suburban retail property

Developer picks condos over apartments for West Loop site

Developer plans gay-friendly hotel in Boystown

Yolk leases in Citigroup Center

Wacker Drive parcels put up for sale

South Loop student-housing tower sells for $59 million

Willis Tower investor hit with another suburban foreclosure suit

HSA plans spec warehouse in Woodridge

Boutique hotel for historic Michigan Avenue building moves forward

The Commission on Chicago Landmarks on Thursday approved a tax break to transform the former Chicago Athletic Association building across from Millennium Park into a boutique hotel.

The Cook County property tax incentive means that developer CAA Hotel Owner LLC can move full speed ahead with a 240-room hotel they say will open by July of 2014. Behind this developer is Chicago-based investment firm AJ Capital Partners LLC and John Pritzker, the son of Hyatt Hotel founder Jay Pritzker. The team bought the property last July for $13 million.

Reinsdorf-founded firm plans West Loop apartments

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