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…
The Chicago Bears’ renewed consideration of the Michael Reese site for a new domed stadium presents a transformative opportunity for Chicago akin to the impact of SoFi Stadium in Los Angeles. Just as…
The successful refinancing of the 15-story office building at 609 W. Randolph St. by Vista Property Group provides several insights into the current state of the Chicago office market. Amid a broader environment…
