Greenstone Partners Closes Off-Market West Loop Land Sale
Why this matters
Land continues to behave as the highest-conviction long-duration bet in CRE. In supply-constrained luxury markets, replacement-cost-positive entitlements remain scarce; in growth-corridor exurbs, sponsors with patient capital are accumulating positions ahead of the next residential or industrial pipeline. Chicago capital flow has been concentrated in industrial along the I-55 and I-80 corridors and in the most select downtown trophy office submarkets. Multifamily transaction volume has moved up in the Near North and West Loop. The trade is a basis call, not an income call, and continues to attract family-office and high-net-worth capital that can hold through the cycle.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- The 33rd Chicago story tracked on the wire in September 2026. All Chicago coverage →
- Disclosed land deal value tracked in September 2026: $468.5M across 4 reported transactions. All Land coverage →
Computed from Real Estate Trail’s own tracked coverage
Greenstone Partners completed the $4.35 million sale of 1276 W Washington Boulevard, a development site in Chicago’s West Loop neighborhood. Danny Spitz and Malek Abdulsamad of Greenstone Partners represented the sell…
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