Retail N Illinois

Chicago's L3 Capital believes in the power of urban retail

L3 Capital LLC is heavily invested in urban retail. Just in the Southport corridor of Chicago's Lakeview neighborhood -- one of the city's busiest -- LC Capital has invested $20 million in retail projects dotting a two-block stretch. There's a reason why L3 is so interested in urban retail; the demographics and foot traffic that come with it.

CRE N Illinois

Jones Lang LaSalle acquires property-management company

In a move to expand its property-management business, Jones Lang LaSalle acquired Means Knaus Partners, a Houston-based property-management company. The transaction will boost Jones Lang LaSalle's portfolio of office space under management by about 16 million square feet with properties located primarily in Chicago, Dallas, Denver, Houston, Los Angeles, Orlando and Tampa.