Rachel Herzog - Profile and Journalist Details
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Rachel Herzog
Verified
Commercial Real Estate Reporter, Crain's Chicago Business
Chicago
Beats
geopoliticsBitcoin economy
Content
By Rachel Herzog Verified| Crain's Chicago Business Verified A vacant building on North Michigan Avenue has a new owner and is getting some new life just a year after it traded at a big discount. Aurora-based real estate firm Windfall Group picked up the property last month for $7.5 million from Schaumburg-based investor North American Real Estate, which paid $4 million for it last year, according to Cook County property records.
By Rachel Herzog Verified| Crain's Chicago Business Verified A project to remake a long-vacant site in downtown Arlington Heights into a three-building development with more than 300 residential units is dead, village officials said this week. Bruce Adreani, president of Park Ridge-based Norwood Builders, told the village he won’t move forward with redeveloping the 3-acre site at Chestnut Avenue and Campbell Street, according to a statement cited by the Daily Herald. The village didn’t respond to a request for comment from Crain’s.
By Rachel Herzog Verified| Crain's Chicago Business Verified A vacant building on North Michigan Avenue has a new owner and is getting some new life just a year after it traded at a big discount. Aurora-based real estate firm Windfall Group picked up the property last month for $7.5 million from Schaumburg-based investor North American Real Estate, which paid $4 million for it last year, according to Cook County property records.
Company Info
Crain's Chicago Business
Crain's Chicago Business is a weekly business newspaper and online publication based in Chicago, Illinois. Owned by Crain Communications Inc., it was established in 1978 and serves as a key source of business news and analysis in the region. The publication offers a weekly magazine that features in-depth analysis, commentary, and special reports on various aspects of the Chicago business landscape. In addition to its print magazine, Crain's Chicago Business operates an online portal that provides news, insights, and data relevant to the local business environment. The publication covers a wide range of sectors, including real estate, healthcare, technology, and finance, catering to business professionals, entrepreneurs, and industry leaders in the Chicago area.
Chicago, Illinois, United States
+1 312-649-5200
Founded: 1978