Retail

June 26, 2017

North Wells Capital acquires Chicago River North building

North Wells Capital announced the acquisition of 308 W. Erie, a 45,359-square-foot building in Chicago’s River North neighborhood along with a 7,719-square-foot parking lot at 600 N. Franklin. Urban Innovations will manage and lease the property which includes 46,859 square feet of office space, 8,500 square feet of retail. The building was built in 1937…
June 16, 2017

T-Mobile heads to Levee District retail center in Peoria

A new multi-tenant retail property is under construction in East Peoria’s Levee District, according to a statement from Cullinan Properties. The multi-tenant building located at 4015 Spinder Drive will house a T-Mobile store. The Target-anchored shopping center is already home to a diverse mix of local and national retail, restaurant, service and medical tenants. Some…
June 5, 2017

To survive as a brick-and-mortar retailer today? Value pricing and experiences are key

If a bankruptcy judge agrees, Payless Shoes will close 800 stores across the United States this year. Michael Korrs, a maker of luxury handbags, will close more than 100 stores. Children’s clothing store Gymboree looks poised to file for bankruptcy protection soon. So far, 2017 has been a bad year for brick-and-mortar retailers. Don’t expect…
May 25, 2017

Amtrak selects developer for $1B Chicago Union Station project

Mayor Rahm Emanuel and Amtrak CEO Wick Moorman announce the selection of a developer for the Chicago Union Station. | Office of the Mayor Amtrak selected a team led by Riverside Investment & Development to develop commercial elements of the Chicago Union Station, according to a statement from the mayor’s office. “This agreement will generate…