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Wednesday, November 11, 2026Commercial real estate news

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RATE WATCHDaily benchmarks 10-year Treasury4.98%+10 bpAs of Nov 10 5-year Treasury4.81%+14 bpAs of Nov 10 SOFR3.88%-1 bpAs of Nov 9 Effective Fed funds3.88%UnchangedAs of Nov 9

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Development competition / NEWS

1901 Project chosen for 2027 real estate challenge

College teams will develop proposals for a future phase of the planned Chicago West Side project.

Lucas GrantDevelopment & InfrastructureNovember 11, 2026 · 2 min read

A crane and construction equipment at The 1901 Project site, with Chicago’s skyline in the distance. — The 1901 Project construction site in Chicago in October 2026. Photo: AlphaBeta135. Photo: AlphaBeta135 / Wikimedia Commons · CC BY 4.0. Commons resize where applicable; CSS display crop.

Competition terms and project scope

College and university teams will present development proposals for a future phase of The 1901 Project at the Harold E. Eisenberg Foundation’s 18th annual Real Estate Challenge on April 10, 2027. The foundation is partnering with the United Center joint venture on the competition, REBusinessOnline reported on Nov. 11, 2026. Eisenberg Foundation Selects 1901 Project in Chicago as Development Site for 2027 Real Estate Challe

Teams must assess the site’s potential from both financial and feasibility perspectives and present an analysis, vision and conclusion. Industry leaders will judge the proposals. The competition is open to college and university teams nationwide, with separate graduate and undergraduate divisions. Eisenberg Foundation Selects 1901 Project in Chicago as Development Site for 2027 Real Estate Challe

The project is a planned $7 billion neighborhood investment on Chicago’s West Side, according to REBusinessOnline. Led by the Reinsdorf and Wirtz families, it would redevelop 55 acres around the United Center, much of which is currently surface parking. The planned district includes housing and commercial uses. Eisenberg Foundation Selects 1901 Project in Chicago as Development Site for 2027 Real Estate Challe

Registration was open as of the November report and must be completed by Dec. 6, 2026. The Northbrook-based foundation will recognize the top three teams in each division; each first-place team will receive a $7,500 scholarship. The foundation has held the challenge since 2010, and 27 teams participated in the previous year, REBusinessOnline reported. Eisenberg Foundation Selects 1901 Project in Chicago as Development Site for 2027 Real Estate Challe

The 1901 Project real estate challenge development competition