Category Real Estate

$492 Million CTA Blue Line Rehab

The CTA’s Blue Line from Downtown to O’Hare will be overhauled in a four-year, $492 million plan to be announced by Mayor Rahm Emanuel Thursday. The city bills it as the biggest investment in the O’Hare Branch since it was extended from Jefferson Park to O’Hare 30 years ago. The goal of the plan is […]

Breaking: New Wrigley night game rules

The Cubs got the go-ahead Wednesday to schedule 35 night games per season at Wrigley Field — and add eight more, including three Saturday nights, to accommodate national television — in exchange for added security and free remote parking. The City Council’s License Committee satisfied the Cubs’ demand for “corrections” to the night game ordinance […]

Mariano’s owner Roundy’s buying 11 Dominick’s stores

Milwaukee-based Roundy’s, owner of Mariano’s grocery stores, said Monday it is buying 11 Dominick’s stores in the Chicago area. The deal is worth $36 million. The stores are expected to be converted into Mariano’s within a month or two after the deal closes, expected in mid-December. Mariano’s currently has 13 locations in the Chicago area. […]

Intel opening pop-up stores in New York, Chicago, LA

Intel isn’t exactly known for its broad portfolio of consumer goods. Nevertheless, according to Intel’s official Chip Shots blog, the chipmaker will open three pop-up retail stores across the United States this holiday season. The stores will open in Nolita, New York City on November 23; Lincoln Park, Chicago on November 25; and Venice, California […]

Clear Channel Outdoor-Chicago Names Stacey Thomas Vice President of Real Estate and Public Affairs

Clear Channel Outdoor Holdings, Inc., one of the largest out-of-home advertising companies in the world, today announced Stacey Thomas will become vice president of real estate and public affairs for Clear Channel Outdoor-Chicago. Thomas will report directly to Gene Leehan, executive vice president, Region I, Clear Channel Outdoor, and interim general manager for Clear Channel […]

Amli Sells Naperville Apartments for $85 million

Taking advantage of strong investor demand for suburban apartment properties, Amli Residential sold two complexes for more than $85 million, nearly21 percent more than the Chicago-based development firm paid nearly a decade ago. In one transaction, Amli sold River Run, a 206- unit complex in Naperville, to a venture of real estate investment fund manager […]

Eataly Chicago: Chef and entrepreneur Mario Batali introduces the new Eataly Chicago Italian market and eatery

Admit it: Thanksgiving festivities aside, a gigantic bowl of tagliatelle with clams, a couple of meatballs, a side of polenta and a robust, earthy red to wash it all down, sounds much better right about now, doesn’t it? Mario Batali bet his Crocs on it. Come Monday, the famously burly, sandled chef and a small […]