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Unique Cannabis Industry Needs Driven CRE Professionals, Not Cheech And Chong
News 3 months ago
Unique Cannabis Industry Needs Driven CRE Professionals, Not Cheech And Chong

The new recreational cannabis industry entices many with thoughts of riches, but anyone who gets involved must deal with the stigma attached to the...

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Upcoming Property Tax Hikes May Not Be As High As Feared
News 3 months ago
Upcoming Property Tax Hikes May Not Be As High As Feared

Cook County landlords have been waiting in suspense ever since the night in 2018 when Fritz Kaegi claimed victory in his bid to unseat former Cook...

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Preckwinkle And South Suburban Mayors Band Together To Revive Chicago's Southland Region
News 3 months ago
Preckwinkle And South Suburban Mayors Band Together To Revive Chicago's Southland Region

There has been a great deal of talk recently about reviving interest and investment in Chicago's South and West Sides, believed by many to receive...

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This Week's Chicago Deal Sheet
News 3 months ago
This Week's Chicago Deal Sheet

Southeast Wisconsin was one of the Chicago region's most active industrial markets in 2019, and a new deal by HSA Commercial Real Estate indicates...

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World's Largest Starbucks Becoming A Tourist Attraction
News 3 months ago
World's Largest Starbucks Becoming A Tourist Attraction

The world's largest Starbucks store opened on Chicago's Magnificent Mile just before Thanksgiving, and the location at 646 North Michigan Ave....

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Big Leases Keep On Coming For Fulton Market
News 4 months ago
Big Leases Keep On Coming For Fulton Market

Fulton Market already has the lowest vacancy rate of any submarket in the Central Business District, and it seems likely to hold onto that title...

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LaSalle Street Landlords Adopt New Uses To Fill Gaping Holes Left By Financial Exodus
News 4 months ago
LaSalle Street Landlords Adopt New Uses To Fill Gaping Holes Left By Financial Exodus

The flight of major financial institutions from the Central Loop to glittering new trophy towers a few blocks to the west is hollowing out several...

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Decline In The Number Of Available Jobs Could Be A Warning Sign For CRE
News 4 months ago
Decline In The Number Of Available Jobs Could Be A Warning Sign For CRE

It's just a small decline, and in a few months, it may prove to be a forgotten statistical blip. But with so many observers believing the U. S. is...

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Small E-Commerce Firms Now Fueling Rise Of Industrial Sector
News 4 months ago
Small E-Commerce Firms Now Fueling Rise Of Industrial Sector

The development pipeline for the logistics sector swelled in the past few years as major retailers and other corporations retooled their supply...

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This Week's Chicago Deal Sheet
News 4 months ago
This Week's Chicago Deal Sheet

The transformation of the Lower West Side and the I-55 Corridor in Chicago into centers for food distribution continues. Three food industry...

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CBRE GI Ramps Up Amenities To Raise Occupancy In A Time Of Low Unemployment
News 4 months ago
CBRE GI Ramps Up Amenities To Raise Occupancy In A Time Of Low Unemployment

CBRE Global Investors recently signed three new leases or renewals at Chicago's 150 North Michigan, part of 196K SF in leasing activity since it...

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As Corporate Giants Flood Chicago, Boutique Offices Gain Ground With Smaller Players
News 4 months ago
As Corporate Giants Flood Chicago, Boutique Offices Gain Ground With Smaller Players

Chicago's Central Business District became one huge construction site over the past few years, with dozens of cranes sprouting up across hot...

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2019 One Of The Chicago Region's Strongest Years For Industrial Spec Development
News 4 months ago
2019 One Of The Chicago Region's Strongest Years For Industrial Spec Development

Chicago-area industrial developers slowed down somewhat in 2018, completing between 2M and 5M SF in each quarter that year, according to a new...

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333 South Wabash Sells For $370M, Raising Hopes The Investment Office Market Is Back
News 4 months ago
333 South Wabash Sells For $370M, Raising Hopes The Investment Office Market Is Back

A shortage of new investment was the only real shadow hanging over Chicago's downtown office market, which saw record-setting leasing activity in...

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Overcoming Early Discrimination, Perry Higa Has Helped Transform CRE
News 4 months ago
Overcoming Early Discrimination, Perry Higa Has Helped Transform CRE

When Perry Higa helped close the deal last year that will transform McDonald's landmark suburban Oak Brook, Illinois, campus into a mixed-use...

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This Week's Chicago Deal Sheet
News 4 months ago
This Week's Chicago Deal Sheet

Boutique offices, ones that allow smaller firms to have their own downtown spaces, rather than getting swallowed up in huge office towers, are...

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Single-Tenant Net-Lease Market Firing On All Cylinders As Cap Rates Hit Historic Lows
News 4 months ago
Single-Tenant Net-Lease Market Firing On All Cylinders As Cap Rates Hit Historic Lows

Competition among investors for single-tenant net-lease properties intensified last year, sending cap rates down to historic lows, and the...

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How Cooper’s Hawk Selected A Chicagoland Contractor For National Expansion
News 4 months ago
How Cooper’s Hawk Selected A Chicagoland Contractor For National Expansion

When Timothy Jackson talks about his work with Cooper's Hawk Winery & Restaurants, he likes to tell the story of how his construction company, ICI,...

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Preckwinkle Takes CRE To Task For Racial Inequity
News 4 months ago
Preckwinkle Takes CRE To Task For Racial Inequity

Cook County Board President Toni Preckwinkle began Bisnow's Chicago 2020 Forecast event Wednesday with some tough words for the commercial real...

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Kaegi's Plans Can't Derail A Rosy Outlook For 2020
News 4 months ago
Kaegi's Plans Can't Derail A Rosy Outlook For 2020

What is normally considered a boring government function has under Cook County's Fritz Kaegi become the center of controversy and debates that will...

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In A Recession, Chicago Office Properties Expected To Provide More Stability Than Coastal Markets
News 4 months ago
In A Recession, Chicago Office Properties Expected To Provide More Stability Than Coastal Markets

The worries investors have about the overall fiscal health of Chicago and Illinois are well-documented. But JLL said many may be ignoring a...

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Suburban Office Market Had A Rough 2019
News 4 months ago
Suburban Office Market Had A Rough 2019

The suburban office sector had a rough 2019. While Chicago's downtown was setting records, overall net absorption in the suburbs ended 2019 at more...

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Gentrification Fears On The 606 Raised By Possible Loss Of Industrial Properties
News 4 months ago
Gentrification Fears On The 606 Raised By Possible Loss Of Industrial Properties

The opening of The 606's Bloomingdale Trail in 2015 touched off raucous debates about gentrification in the surrounding residential markets. The...

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Debate Between Kaegi And Commercial Real Estate May Be Missing The Point
News 4 months ago
Debate Between Kaegi And Commercial Real Estate May Be Missing The Point

A contentious debate blew up in 2019 after new Cook County Assessor Fritz Kaegi claimed commercial property owners got breaks for years under his...

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Giant Life Sciences Facility Coming To Fulton Market
News 4 months ago
Giant Life Sciences Facility Coming To Fulton Market

Trammell Crow filed a zoning application last year to build a 405K SF tower at 400 North Aberdeen St. in the Fulton Market neighborhood, and...

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Chi-Town Cannabis Retailers Scramble For Space As Legal Weed Rolls Out
News 4 months ago
Chi-Town Cannabis Retailers Scramble For Space As Legal Weed Rolls Out

The story of Illinois' first week of legal recreational cannabis was one of long lines with giddy customers - and looming product shortages that...

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California Investor Enters Hot Lake County Market
News 4 months ago
California Investor Enters Hot Lake County Market

Lake County may have the strongest multifamily market in the Chicago area, and Passco Cos. is ready to take advantage. The Irvine, California-based...

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Aldermen Facing Stiff Challenge To Their Long-Held Privileges
News 4 months ago
Aldermen Facing Stiff Challenge To Their Long-Held Privileges

When Full Circle Communities President and CEO Joshua Wilmoth went to a 2016 community meeting in Chicago's Northwest Side Portage Park...

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This Week's Chicago Deal Sheet
News 4 months ago
This Week's Chicago Deal Sheet

Willis Tower just earned the U. S. Green Building Council's Leadership in Energy and Environmental Design's Platinum designation, making it the...

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Aldermen Asking For Halt On New Development Near The 606
News 4 months ago
Aldermen Asking For Halt On New Development Near The 606

Chicago's 606 Trail has been a success ever since it opened in 2015, drawing thousands of bikers, runners, skateboarders and dog walkers each week...

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