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…
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…
Turning Point in the Lab and Life Sciences Market? The life sciences sector has been a darling of commercial real estate in recent years. Fueled by venture capital, pharmaceutical advancements, and pandemic-era biotech…
The Chicago Bears’ recently announced tax agreement for a potential stadium in Arlington Heights is creating significant buzz in the sports and real estate worlds. On the surface, this deal could signal a…
Lake Forest is renowned for its vibrant community and quality of life, which are showcased through signature events like its annual Tree Lighting and the “Joy & Wonder Candyland” celebration. These events, while…
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…
