Sterling Bay

Sterling Bay partners with Skender to bring modular affordable housing projects to Chicago’s West Side

Sterling Bay will build an 83-unit apartment building and 10 three-flats on Chicago's West Side, all offering affordable housing units, with another 100 or more…

Do not disturb: Investors ready to hibernate on hospitality

Booming economies lead to higher hotel demand, and since the end of the recession the sector has seen incredible expansion. But by the end of…

Sterling Bay develops commercial research lab space in Chicago

Sterling Bay plans to create Prysm Life Sciences, a catalyst for a sustainable and scalable life science community in Chicago. The firm will employ a…

JLL arranges $84M refi loan for Sterling Bay development in Fulton Market

JLL Capital Markets successfully arranged a refinancing on behalf of Sterling Bay and institutional investors advised by J.P. Morgan Asset Management for 210 N. Carpenter,…

PREMIER Design + Build Group breaks ground on Sterling Bay warehouse project

PREMIER Design + Build Group broke ground yesterday on a 153,000-square foot speculative warehouse for Chicago-based developer Sterling Bay. Located at 1035 S. Frontage Road…

Co-working firm Convene to open second Chicago location in the fall

Coworking firm Convene plans to open a workplace location at Sterling Bay's 311 W. Monroe Street in Chicago. The 45,000-square-foot upscale work environment, Convene's second…

MidwestCRE

New Opportunity Zone regulations may divert some funds from real estate

The U.S. Treasury has disclosed its highly anticipated Opportunity Zone regulations. The new guidelines are intended to give greater tolerances to Qualified Opportunity Funds (QOF)…

Following concessions, Lightfoot lends support to Lincoln Yards, The 78 TIF vote

The tax increment financing (TIF) for two Chicago megaprojects now has an apparent thumbs-up after Mayor-elect Lori Lightfoot declared her support.This follows Mayor Ramh Emanuel's…

Emanuel concedes to Mayor-elect Lightfoot, calls off vote on Lincoln Yards, the 78 TIFs

Chicago Mayor Rahm Emanuel has reversed course, agreeing to delay today's City Council vote on whether to greenlight a $1.6 billion tax increment financing (TIF)…

Leopardo completes, and moves into, new Fulton Market office building

Leopardo has completed construction of the new 200,000-square-foot, 12-story boutique office building at 210 N. Carpenter in Chicago's Fulton Market District. In addition to serving…