The future of in-person real estate, particularly in the office and retail sectors, hinges on prioritizing walkability and experiences. As remote work and e-commerce continue reshaping how people engage with physical spaces, developers,…
The recent acquisitions by Glenstar and 601W Companies—purchasing office buildings in Chicago at steep discounts—highlight a major shift in the city’s office real estate market. These transactions reflect broader trends: high vacancies, distressed…
Schaumburg, one of Chicago’s most dynamic suburbs, is poised for a significant transformation with ambitious mixed-use development plans. These projects aim to create vibrant, walkable environments that combine residential, retail, office, and recreational…
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…
The news of Invesco signing a lease extension at KORE’s suburban office campus in Downers Grove is a significant indicator of the ongoing evolution of the commercial real estate market in Chicagoland, particularly…
Caterpillar Inc.’s recent decision to close its office near Aurora, Illinois, and lay off 60 employees underscores a pivotal moment for the region. Once a major economic driver, Caterpillar has been scaling back…
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…
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…
