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Chicago’s Water Tower Place Announces Redevelopment Plans

Chicago’s Water Tower Place Announces Redevelopment Plans

by Phil Hall | Apr 27, 2026 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Water Tower Place, the mixed-use development consisting of 758,000-square-foot shopping mall in a 74-story skyscraper on Chicago’s Magnificent Mile, announced plans for a $170 million redevelopment. The property, which first opened in 1976, will be reconfigured with a...
Illinois Home Sales Up 3.1%

Illinois Home Sales Up 3.1%

by Phil Hall | Apr 23, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 10,075 homes were sold in Illinois during March, which represents a 3.1% uptick from the 9,774 sold one year earlier. According to data from Illinois Realtors, the 17,099 homes available for sale statewide last month were 7.7% less than the 18,526 homes...
Power Struggle Erupts Between Mayor Johnson and Chicago Housing Authority Chairman

Power Struggle Erupts Between Mayor Johnson and Chicago Housing Authority Chairman

by Phil Hall | Apr 3, 2026 | Current News & Events, Real Estate News, WRE News Exclusive

A power struggle has broken out at the Chicago Housing Authority (CHA), with Mayor Brandon Johnson claiming that he removed Board Chairman Matthew Brewer from his position while Brewer refuses to step down, stating Johnson’s actions were unlawful. The Chicago...
Illinois Home Sales Up 3.1%

Illinois Home Prices Rise While Sales Decline

by Phil Hall | Mar 25, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 7,356 homes were sold in Illinois during February, a 5.9% decline from the 7,820 sold one year earlier. According to data from Illinois Realtors, the 17,685 homes available for sale statewide last month were 5.6% less than the 18,731 homes available in...
New Proposal to Keep the Bears in Chicago Features Renovated Soldier Field

New Proposal to Keep the Bears in Chicago Features Renovated Soldier Field

by Phil Hall | Mar 20, 2026 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The melodrama involving the Chicago Bears took an unexpected turn with a new proposal put forth to keep the team in their hometown with a modern renovation of their longtime stadium. Fox 32 Chicago reports the architectural firm Edward Peck Design released a concept...
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