As the digital economy continues to expand, Chicago has emerged as one of the top markets in the United States for data center development. With its central location, strong infrastructure, and access to…
The recent approval of zoning changes for the residential conversion of 65 E. Wacker Place, a former office building in downtown Chicago, marks another significant development in the shifting dynamics of the city’s…
Chicago’s office market is under siege, and the recent foreclosure suit against Accesso Partners’ Loop office tower at 200 West Monroe Street is a glaring sign of distress. Once valued at $100 million…
Illinois is rapidly emerging as a premier destination for data centers and quantum computing enterprises, driven by strategic investments, a robust technological ecosystem, and significant corporate commitments. A pivotal development in this trajectory…
In December 2024, the Chicago City Council amended the Northwest Side Housing Preservation Ordinance, widely called the anti-gentrification ordinance. These changes, which include delaying the implementation of a controversial tenants’ right of first…
On December 10, 2024, the City Council Finance Committee narrowly approved a revised $68.5 million property tax increase proposed by Mayor Brandon Johnson to address a massive $982 million budget shortfall. This is…
The Chicago Department of Aviation’s (CDA) recent lease of 99,421 square feet at 8420 W. Bryn Mawr Ave. delivers a significant boost to the O’Hare office market and the broader Chicago suburban office…
The launch of the final phase of Pullman Crossings, a speculative industrial facility is another milestone in the ongoing revitalization of Chicago’s Pullman neighborhood. Located at 10800 South Doty Avenue, this 160,000-square-foot industrial…
One of Chicago’s fastest-growing companies, Highdive, recently announced a significant expansion, moving into a 26,000-square-foot office in the iconic Merchandise Mart. While the move underscores growth in high-end office space in prime locations,…
The recent foreclosure filing by Deutsche Bank against Accesso Partners for the 200 West Monroe Street property in Chicago’s Loop is emblematic of a broader crisis impacting office spaces and commercial real estate…
