The decision this week by Best Buy to abandon its location at 875 North Michigan Avenue, on Chicago’s Magnificent Mile was just the latest blow to the city’s most valuable stretch of retail.
Loop retail vacancy hits 7-year high
Online shopping is shaking up the mix of retailers in the core of the central business district, and it’s left more storefronts empty.
The Opening Bell 4/4/18: Location Location Location – Restaurant Real Estate
The restaurant industry is one of the hottest in Chicago, so Steve Grzanich sat down for a deep dive with Doug Roth (President and CEO of Playground Hospitality) and David Stone (Founder and Principal of Stone Real Estate) to touch on the Fulton Market, Michigan Avenue, and other Chicago areas that are driving the industry […]
1 Suburban Transit-Oriented Development Sparkles, Another’s Just Dull – Here’s Why
The Main is a new nine-story, 112-unit apartment building at Chicago Avenue and Main Street in Evanston. It has a saw-toothed wall of glass and is next to a CTA Purple Line station.
Loop Retail Vacancy Lowest Since at Least 2002
With more retailers pouring into the Loop in 2015, vacancy reached its lowest level in at least 14 years.
David Stone and John Vance represent CIM Group in the Taureaux Tavern Lease at 401 S. Financial Place
French brasserie to open in financial district as part of plaza redesign.
Clybourn Corridor Rents on Rise in 2016
Retail rents in the Clybourn Corridor rose in 2016, demonstrating the area’s strength even amid increased vacancy and new developments in the works.
Craft Beer Galore: Nic on Fifth Lands 100-Tap HopCat Restaurant
Nicollet Mall has seen plenty of exits in the past year or so, but a big, beer-focused restaurant is coming to one of the street’s newest buildings.
Trib Tower buyer is on a roll in Chicago
Almost five years after buying the financially distressed Block 37 and then building the Loop’s largest apartment tower in decades atop the shopping mall, CIM Group is drawing up a real estate development that could make an even larger impact on Chicago’s skyline.