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Is There Such A Thing As Too Much Demand? The Data Center Sector Is Finding Out
News 1 year ago
Is There Such A Thing As Too Much Demand? The Data Center Sector Is Finding Out

The supply/demand equation in the data center world is one that other real estate sectors can only dream of: endless, insatiable demand. Such...

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Austin Multifamily/Retail Building Sells At Near-Record Price
News 1 year ago
Austin Multifamily/Retail Building Sells At Near-Record Price

An undisclosed buyer purchased a mixed-use multifamily/retail building in Chicago's Austin neighborhood for $2.1M. At $60K/unit, that sale price is...

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In Chicago, Data Centers Are Moving To The Suburbs
News 1 year ago
In Chicago, Data Centers Are Moving To The Suburbs

Chicagoland is on its way to becoming the next big data center hot spot. After a steady run of tight supply and high demand, the market is ramping...

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This Week's Chicago Deal Sheet
News 1 year ago
This Week's Chicago Deal Sheet

CT Acquisitions, a partnership between Philadelphia-based Rubenstein Partners and Chicago-based GlenStar, has acquired Continental Towers in...

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The Housing Squeeze Hits The Middle In Chicago: One Solution
News 1 year ago
The Housing Squeeze Hits The Middle In Chicago: One Solution

As rents continue to rise in most markets and multifamily development isn't supplying as much product at the lower end of the scale as needed, the...

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Investors Love Medical Office In Chicago More Than Anywhere Except NY
News 1 year ago
Investors Love Medical Office In Chicago More Than Anywhere Except NY

Investors ponied up $337M during the first half of 2018 for medical office buildings in metro Chicago. That total made Chicago the second-most...

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Data Center Just Inside Indiana Plans To Compete Head-To-Head With Chicago Facilities
News 1 year ago
Data Center Just Inside Indiana Plans To Compete Head-To-Head With Chicago Facilities

Work is underway on Digital Crossroads Data Center in northwest Indiana, just across the border from Chicago and on Lake Michigan in Hammond....

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Commercial Real Estate Prepares For The Era Of Blockchain
News 1 year ago
Commercial Real Estate Prepares For The Era Of Blockchain

Imagine a world where property transactions are fast, efficient and free of cumbersome contracts. Five years ago, this may have seemed like a...

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Condo Deconversion Wave Hits Chicago
News 1 year ago
Condo Deconversion Wave Hits Chicago

Condos are become rental properties at a brisk pace in Chicago, with more than 20 deconversions (Section 15 deconversions) in the city over the...

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Chicago Still A Top 5 Market For Apartment Deliveries
News 1 year ago
Chicago Still A Top 5 Market For Apartment Deliveries

Metro Chicago will see the fifth-largest number of apartment units delivered in 2018 among the top 50 U.S. metros. That Chicago completion activity...

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Chicago Gets Greener With The Renovation Of 1221 North LaSalle
News 1 year ago
Chicago Gets Greener With The Renovation Of 1221 North LaSalle

Looking at the white-brick exterior of 1221 North LaSalle St. in Chicago’s Near North Side, it may seem like any other mixed-use building. But the...

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This Week's Chicago Deal Sheet
News 1 year ago
This Week's Chicago Deal Sheet

Summit Design + Build completed the renovation of the former Hotel Indigo Chicago Downtown. The project updated the nearly century-old hotel...

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Beyond The Bio: 16 Questions With Golub & Co. President And CEO Michael Newman
News 1 year ago
Beyond The Bio: 16 Questions With Golub & Co. President And CEO Michael Newman

This series profiles men and women in commercial real estate who have profoundly transformed our neighborhoods and reshaped our cities, businesses...

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Office Space As A Service: Industry Remaker Or Just A Rising Niche?
News 1 year ago
Office Space As A Service: Industry Remaker Or Just A Rising Niche?

Office space as a service, which provides companies space on demand for as long as they need it and no longer, has some enthusiastic advocates. As...

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Chicago Hotel Workers Voting Wednesday On Possible Strike
News 1 year ago
Chicago Hotel Workers Voting Wednesday On Possible Strike

Come Sept. 1, roughly 30 Chicago hotels could be impacted by a strike that would leave properties more vacant and a lot dirtier. Members of Unite...

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Are Chicago Data Centers At Risk Of Losing Their Competitive Edge In A Global Market?
News 1 year ago
Are Chicago Data Centers At Risk Of Losing Their Competitive Edge In A Global Market?

Chicago's data center market is going to be transformed over the next few years in ways that are hard to predict, but which will be profitable to...

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Cold Storage Space Shortage Heating Rents Up
News 1 year ago
Cold Storage Space Shortage Heating Rents Up

Cold storage facilities, a specialized niche in the industrial market, is in high demand in the Chicago market, but because of high barriers to...

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This Week's Chicago Deal Sheet
News 1 year ago
This Week's Chicago Deal Sheet

Pre-leasing is underway at The Residences at Addison & Clark, a 148-unit rental development at the southeast corner of Addison and Clark streets in...

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The Fight For Gender Equality Includes Men, Too
News 1 year ago
The Fight For Gender Equality Includes Men, Too

After Goldie B. Wolfe Miller sold her company, which at the time was the largest woman-owned commercial brokerage in the U.S., she turned her...

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People Are Torn On Lincoln Yards Proposal
News 1 year ago
People Are Torn On Lincoln Yards Proposal

Residents are polarized about Sterling Bay's proposals for Lincoln Yards. A survey of 443 people by Alderman Brian Hopkins (2nd) shows 39.9% of...

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The Numbers Are In: See Just How Much Chicagoans Want Office Flexibility
News 1 year ago
The Numbers Are In: See Just How Much Chicagoans Want Office Flexibility

When it comes to employee retention, workplace design and flexibility are more important than ever, according to a new survey by Capital One. While...

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Works Starts On New Assisted Living Community In La Grange
News 1 year ago
Works Starts On New Assisted Living Community In La Grange

Pathway to Living, a Chicago-based specialist in senior housing, has broken ground on Aspired Living of La Grange, a 116-unit assisted living and...

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This Week's Chicago Deal Sheet
News 1 year ago
This Week's Chicago Deal Sheet

Gold Standard Baking completed a sale-leaseback for its 189K SF property at 3700 South Kedzie Ave. Angelo Gordon, a New York-based institutional...

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Legalizing Recreational Marijuana: 'The Train Has Left The Station' And It's Got Industrial Demand On Board
News 1 year ago
Legalizing Recreational Marijuana: 'The Train Has Left The Station' And It's Got Industrial Demand On Board

Medical marijuana has not been the boon for Chicago-area industrial real estate it has been for other areas of the country. The future of legal...

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Condo Owners At 1400 North Lake Shore Drive Nix $111M Deconversion Offer
News 1 year ago
Condo Owners At 1400 North Lake Shore Drive Nix $111M Deconversion Offer

Owners at a Gold Coast condominium tower narrowly rejected a $111M deconversion offer from a New York-based investor, Crain's Chicago Business...

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Where Are The Headwinds Coming From In A Robust Industrial Market?
News 1 year ago
Where Are The Headwinds Coming From In A Robust Industrial Market?

Industrial is the strongest-performing asset class in commercial real estate, with demand outpacing supply and record-low vacancy rates and...

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CIM Group Buys Schulze Baking Factory, Paving Way To Repurpose Building As A Data Center
News 1 year ago
CIM Group Buys Schulze Baking Factory, Paving Way To Repurpose Building As A Data Center

Plans to convert a landmark Washington Park bakery into a data center are moving forward, three years after those plans were announced. CIM Group...

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This Week's Chicago Deal Sheet
News 1 year ago
This Week's Chicago Deal Sheet

EQ Office hired Michael Knott as the rebranded office firm's new chief financial officer. The move comes a month after the Blackstone-owned company...

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Willis Tower's Antenna Lighting Gets A 21st Century Upgrade
News 1 year ago
Willis Tower's Antenna Lighting Gets A 21st Century Upgrade

EQ Office completed an upgrade to Willis Tower's antenna lighting system that is comparable to changing the color display on a computer screen from...

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Thor Equities Goes Vertical On Fulton Market Redevelopment
News 1 year ago
Thor Equities Goes Vertical On Fulton Market Redevelopment

Construction of 905 West Fulton Market, Thor Equities' redevelopment of four Fulton Market buildings into nearly 109K SF of office and retail mixed...

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