The phrase “office space” no longer means what it did five years ago. In a post-pandemic world shaped by hybrid work, lifestyle flexibility, and rising urban costs, the physical workplace is undergoing a…
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…
On this episode of the RealFinds Podcast, host Gordon Lamphere sits down with Tim Wallen, CEO of MLG Capital, to discuss the ever-changing real estate landscape. Drawing from decades of experience and over…
Will Government Regulation Save The Office Market? As the work landscape continues to evolve in the wake of the 2020 pandemic, businesses and employees alike are grappling with the future of the office….
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…
The $241 million redevelopment of 135 South LaSalle Street, supported by a $98 million tax increment financing (TIF) subsidy, represents a pivotal moment for Chicago’s commercial real estate market, particularly within the Loop….
The rising tide of “double defaults” in the commercial real estate (CRE) market paints a challenging picture for the Chicagoland office market and greater Chicago’s commercial real estate landscape. With borrowers defaulting for…
