Skender has started the 500 N. Michigan Avenue adaptive reuse project, a transformative conversion of a 400,000-square-foot office tower into 320 residential units on Chicago’s Magnificent Mile. Developed by Connecticut-based Commonwealth Development Partners and designed by GREC Architects, the 24-story building will be reimagined as a residential community, with completion targeted for late 2027. Originally […]
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How did Zohran Mamdani win middle- and high-income renters? One explanation is backlash. “Market rent growth has been going through the roof in the last few years,” said Robert Nelson of Nelson Management Group. “At the end of the day I think that’s why our mayor is in office right now.” Nelson was speaking at […]
Higher renewal volumes partially offset weaker new business, while mortgages under administration increased to nearly $170 billion.
Construction, manufacturing, and the finance and insurance sector all expanded for a second consecutive month, while April’s GDP figures were revised upward by a tenth of a percentage point to 0.6%. Andrew Grantham, an economist at the Canadian Imperial Bank of Commerce (CIBC), urged restraint. “Growth was flattered by a reversal of some one-off factors […]
The DFW Airport already owns the Grand Hyatt DFW, Hyatt Place DFW and Hyatt House, which is under construction and slated to open in summer 2027. It’s now eyeing a fourth Hyatt hotel property. DFW Airport’s Public Facility Improvement Corp. board recently approved the purchase of Hyatt Regency DFW International Airport, located next to Terminal C. […]
Mortgage rates are higher today, as reports of Iranian strikes on multiple countries in the region threaten to expand the scope of the war. When fighting in Iran accelerates, it tends to push up oil prices. Mortgage rates usually follow suit. The average interest rate on a 30-year, fixed-rate mortgage jumped to 6.7% APR, according […]
Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. July 31, 2026 Federal Reserve Board requests comment on a proposal to modernize rules for mutual banking organizations For release at 10:00 a.m. EDT The Federal Reserve Board […]
From a young age, Tom Giordano, general manager of New York for Suffolk Construction, had one goal. That was to follow in his uncle’s footsteps and become a lawyer to benefit his community. After going from litigation to representing general contractors, developers and design professionals on legal matters, he joined Morse Diesel Construction in 1999, […]
Klarna/Apple Upgrade Klarna is the leasing provider behind the Apple Upgrade program, a new hardware leasing option available from Apple in the United States. Apple Upgrade offers a new way to pay for eligible iPhone, Mac, iPad, and Apple Watch. Customers can select from 12- and 24-month leasing options for iPhone and Apple Watch, and […]