The Tribune Company, in discussions about its future, is weighing a proposal from Sam Zell, the Chicago real estate maverick and billionaire who sold his huge office development company this month for $39 billion in the biggest leveraged buyout ever.
A special committee of Tribune board members was close to settling on an internal overhaul when [...]
Tribune Co. reported a better-than-expected rise in quarterly profit on Thursday helped by an extra week in the quarter that boosted advertising revenue at the company’s newspapers.
The results come as Tribune considers several offers to split up its newspaper and broadcast divisions, or to go private.
Tribune, which owns the Los Angeles Times, a group of [...]
Happy endings sometimes are neither the end nor happy.
Ten years ago, the small Iowa town of Perry thought it had a happy ending for the run-down Hotel Pattee, once the town’s showplace before the railroads and meatpackers – and a lot of their former employees – moved out of town.
Newport Beach philanthropists and political activists [...]
Two plans to turn vacant lots in the north end of downtown Elmhurst into a trendy condominium and retail center came under City Council scrutiny this week, with members mostly criticizing their design and financing.
Mayor Thomas Marcucci said Monday that he was looking for something that appealed to the higher-end condo market.
“This is [...]
Renowned Chicago-area Restaurateur and Chef Ted Cizma has been named Executive Chef of the award-winning, 900-acre Grand Traverse Resort & Spa, near Traverse City, Mich. In his new position, Executive Chef Cizma oversees all culinary staff and operations for the Resort’s food & beverage outlets including three restaurants, and all menu and food planning and [...]
While the media has often told the story of slumping home prices and record inventories, the leading association of real estate agents has prepared a more upbeat message.
Starting next week, the National Association of Realtors will begin a $40 million blitz of television and radio ads touting now as a “good time to buy.”
The two, [...]
Many lenders have been challenged by the unique characteristics of condo hotel and fractional real estate projects. Vacation properties often do not fit a standard mortgage underwriting mold because of scarce-locations or unique features. More than 60,000 condo hotel units coming to market in the next 24 months, and fractional real estate sales growing at [...]
Sam Zell, Chicago real estate magnate, has faith in the city’s long-term economic prospects and he still invests in property. But while he’s known as the nation’s largest office landlord, throughout his career he’s been even more entranced by other prospects, and these days he is captivated by compressors, wineries and financial opportunities in [...]
Strategic Hotels & Resorts Inc. will invest about $100 million for a new, luxury all-suites hotel downtown near Millennium Park, with views of Lake Michigan.
On Wednesday, Strategic agreed to pay $82.4 million for the first 15 floors of the $475 million Aqua residential tower to be built by Magellan Development LLC at its sprawling [...]
Britney Spears has a little extra pocket change after selling her Manhattan condo for $4 million, People.com reported Monday, citing a Wall Street Journal report.
The condo, whose previous owners include Keith Richards and hip-hop titan Russell Simmons, had been on the market for more than two years.
Meanwhile, the Olsen twins have put their Los [...]
