Brian J. Rogal – Page 21

Wanxiang America Real Estate Group, which bought One Two Pru, seen here on May 31, 2017, for $680 million in 2018, said it requested a transfer of the property's $389 million loan to special servicing, more than two years ahead of the 2025 maturity date.

One Two Pru owners take step to avoid office market turmoil

June 9, 2023 at 5:27 p.m.

The owner of Chicago's iconic One Two Pru office complex at Michigan Avenue and Randolph Street said it's taking steps to head off potential financial trouble amid the rise of...

The future Obama Presidential Center is under construction in the 6000 block of South Stony Island Avenue, Aug. 10, 2023.

South Shore apartments sell for $22 million, as nearby Obama Presidential Center raises fears about displacement

May 24, 2023 at 5:33 p.m.

A local apartment investor has greatly expanded its holdings in the South Shore neighborhood, paying $22 million for two properties close to the Obama Presidential Center, according to CoStar and...

Amazon pulls back from planned Bridgeport warehouse previously opposed by community groups

May 23, 2023 at 4:52 p.m.

A planned Amazon warehouse in Bridgeport that faced community opposition when the project was reviewed by city officials in 2020 has been made available for sublease by the company. Amazon...

A vacant lot on the south end of the old Marshall Field's warehouse is set to be converted into film studio space for The Fields Studios near the corner of Diversey Avenue and Pulaski Road in Chicago May 19, 2023. The Field's warehouse building is in the background.

Developer transforming Northwest Side’s Marshall Field’s complex into Chicago’s latest film studio

May 22, 2023 at 1:54 p.m.

Knickpoint Ventures held a topping-off ceremony Monday for The Fields Studios, what the company bills as Chicago's first purpose-built film studio, at the former Marshall Field's warehouse campus on the...

Juan Medina rides a horse in an empty field in preparation for the Pilsen Mexican Independence Day Parade on West 18th Street on Sept. 10, 2022, in Chicago. The field sits between 18th and 16th streets where developers will build hundreds of affordable homes in rapidly gentrifying Pilsen.

Chicago Plan Commission approves framework for Pilsen affordable housing boost

May 18, 2023 at 5:49 p.m.

The Chicago Plan Commission approved Thursday the framework for a plan to create hundreds of affordable homes in rapidly gentrifying Pilsen. Increasing rents and property values over the past two...

The view from the fifth floor amenity deck at The Dylan, at 160 N. Morgan in Fulton Market, on May 15, 2023.

Fulton Market apartment market heats up, but slowdown could be on the way

May 16, 2023 at 4:20 p.m.

Fulton Market has emerged as one of the nation's hottest office markets, and with many employees wanting to live within a 15-minute walk to work, residential towers are rising alongside...

The BMO Tower is seen on April 21, 2021, when it was still under construction.

Molson Coors inks lease deal in BMO Tower as picture brightens for newest West Loop buildings

May 11, 2023 at 6:09 p.m.

Brewing company Molson Coors signed a deal to lease several floors in BMO Tower at 320 S. Canal St., one of the West Loop's newest skyscrapers, and move its headquarters...

Chicago Treasurer Melissa Conyears-Ervin at City Hall in 2021. The treasurer's office deposited $10 million of its cash holdings into Albany Bank & Trust Co., a community bank on the Northwest Side, in a move aimed at bolstering affordable housing construction and small business creation in neighborhoods such as Albany Park.

City treasurer moves to bolster community lending in Albany Park, other Northwest Side neighborhoods

May 10, 2023 at 4:20 p.m.

The Chicago treasurer's office deposited $10 million of its cash holdings into Albany Bank & Trust Co., a community bank on the Northwest Side, in a move aimed at bolstering...

Christopher Tank Murdock, the first Wisconsin Foxconn employee, from left, former Wisconsin Gov. Scott Walker, former President Donald Trump, Foxconn Chair Terry Gou and former House Speaker Paul Ryan at a groundbreaking for the Foxconn plant on June 28, 2018, in Mount Pleasant, Wisconsin. The company later downsized its plans and created few jobs.

Microsoft to build $1 billion data center on land once set aside for failed Foxconn deal

May 4, 2023 at 11:32 a.m.

Microsoft Corp. plans to develop a $1 billion data center campus in Mount Pleasant, Wisconsin, a village near the Illinois border. The internet giant will pay $50 million for a...

Perched high on the Sears Tower, workmen go about the task of constructing the world's tallest building on April 13, 1973.

Willis Tower is no longer the tallest building in the world. But it’s still a trendsetter as it turns 50 this week.

April 30, 2023 at 5:00 a.m.

On a windy spring day 50 years ago this week, John Porzuczek helped guide the final piece of steel into place on what was then known as Chicago's Sears Tower....

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