Motorola Mobility Takes Nearly 600,000 SF in Downtown Chicago

Google’s Motorola Mobility announced Thursday its plan to move its headquarters from Libertyville, IL, to downtown Vornado Realty’s Chicago Merchandise Mart by next summer. The mobile phone maker inked a lease for 572,000 square feet to house 3,000 workers on the top four floors
Read More

Updated: Onni Group Completes Purchase of 200 N. LaSalle in Chicago

Vancouver, B.C. real estate developer Onni Group completed its acquisition of 200 N. LaSalle St., a 645,170-square-foot office building in Chicago, IL, for nearly $ 157 per square foot or $ 101 million, according to published reports. Younan Properties said it sold the trophy high ris
Read More

Vornado Completes $228M Trade of Chicago Property

Merchandise Mart Properties Inc., a subsidiary of Vornado Realty Trust (NYSE: VNO), completed its sale of the Shops at the Mart building park for $ 228 million, or about $ 188 per square foot. Shorenstein Properties LLC made the purchase on behalf of its $ 1.23 billion Shorenstein Rea
Read More

JV Invests $64M in Sutton Place Hotel in Chicago

A joint venture of AJ Capital Partners and Walton Street Capital LLC acquired the 22-story Sutton Place Hotel in Chicago, IL, from Hong Kong-based owner Christopher Ho Wing On for $ 64 million, or about $ 260,163 per room. The hotel, delivered in 1988 at 21 E. Bellevue Place, totals 2
Read More

SmithBucklin Inks 111,081-SF HQ Lease in Chicago

SmithBucklin Corp. signed a 111,081-square-foot lease at 330 N. Wabash Ave. in Chicago, IL. The association management and professional services company will relocate its local headquarters to the 52-story office building in January 2013. The 15-year agreement includes expansion, cont
Read More

Golub, Blackrock Swap Chicago Office Bldg. for $183.5 Million

Golub & Co. and BlackRock Inc. traded the 439,434-square-foot office building at 22 W. Washington St. in downtown Chicago for $ 183.5 million or $ 418 per square foot. Prudential Real Estate Investors purchased the 17-story structure on behalf of institutional investors in its co
Read More

Vornado to Sell 350 West Mart Center in Chicago for $228M

Vornado announces the sale of a Chicago office building and four retail properties in New York. National Real Estate Investor
Read More

Wrigley Building Deal Demonstrates Investor Interest in Chicago

The sale of the Wrigley Building is just the latest in a series of big office deals in Chicago. National Real Estate Investor
Read More

Lease Up: Fifth Third Bank Expands to 218,135 SF in Chicago

By: Steven Burlison Fifth Third Bank, the diversified financial services provider, signed the largest lease renewal in downtown Chicago so far this year and expanded its previous space at 222 S. Riverside Plaza by 35,000 square feet. The firm now occupies 218,125 square feet in the bu
Read More