Chicago
Sterling Bay Buys Chicago Office Tower for $510M
In its largest purchase ever, the REIT snapped up the 1.6 million-square-foot 600 W. Chicago Ave., home to Groupon’s headquarters, from Equity Commonwealth.
Top 8 Chicago Office Completions in 2017
Within the past year, the city welcomed several adaptive-reuse projects as well as two new office towers in its effort to adapt to the growing number of businesses relocating to core areas.
Duke Realty Inks 166 KSF at Chicago Industrial Asset
Acer Service Corp. signed a lease to occupy 55 percent of Lockport 16508, a 300,494-square-foot warehouse the company acquired as part of a three-property portfolio deal last year.
Equity Office Secures New Tenant at Chicago Office Building
Gartner Inc. will be moving its Midwest operations to one of Equity’s River North Point’s assets in order to accommodate its business expansion.
Willis Tower Sets Energy Star Mark
The 4.5 million-square-foot Chicago high-rise now holds the distinction of being the largest office building in the U.S. to earn the EPA’s Energy Star certification.
Hilco Scoops Up Former Chicago Power Plant
The company plans to demolish the building and construct an industrial facility in the Little Village neighborhood. Remediation work of the 70-acre site might take up to 24 months.
Duke Realty Secures Tenant for Chicago-Area Warehouse
Velky Brands will occupy half of the 2017-built speculative facility in Romeoville. Cushman & Wakefield represented the owner in this deal.
CBRE Chicago Welcomes New Senior Director
Andria Winters will supervise the company’s advisory and transaction services team, focusing on both local and international clients.
Fidelity National Title Promotes Company Veteran
Edson Burton, who has been with the company for 34 years, is the new executive vice president and Chicago division manager.
Trending Capital Sources in 2018
Ginsberg Jacobs’ co-founder provides his outlook for the real estate financing environment for the next 12 months, including which asset classes and capital sources will shine this year.