Office Space

Downtown Chicago Office Space Sells For Under $67 Per Sq.Ft.

The recent acquisitions by Glenstar and 601W Companies—purchasing office buildings in Chicago at steep discounts—highlight a major shift in the…

1 year ago

Schaumburg’s Big Mixed-Use Plans Could Reshape Its Commercial Real Estate Market

Schaumburg, one of Chicago’s most dynamic suburbs, is poised for a significant transformation with ambitious mixed-use development plans. These projects…

1 year ago

What the Residential Conversion of 65 E. Wacker Place Means for the Chicago Office Market

The recent approval of zoning changes for the residential conversion of 65 E. Wacker Place, a former office building in…

1 year ago

Downers Grove on the Rise As Invesco Bets on Suburban Offices

The news of Invesco signing a lease extension at KORE's suburban office campus in Downers Grove is a significant indicator…

1 year ago

Caterpillar Aurora Office Closure’s Commercial Real Estate Impact

Caterpillar Inc.’s recent decision to close its office near Aurora, Illinois, and lay off 60 employees underscores a pivotal moment…

1 year ago

Successfully Redefining Office Space with Spencer Levine – RFP 53

The phrase “office space” no longer means what it did five years ago. In a post-pandemic world shaped by hybrid…

1 year ago

The Impact Of Chicago’s Proposed $68.5M Real Estate Tax Hike

On December 10, 2024, the City Council Finance Committee narrowly approved a revised $68.5 million property tax increase proposed by…

1 year ago

What the O’Hare Office Market Can Learn from the CDA Lease?

The Chicago Department of Aviation’s (CDA) recent lease of 99,421 square feet at 8420 W. Bryn Mawr Ave. delivers a…

1 year ago

High-End Movers and the Telling Sublease Trend

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…

1 year ago

The Foreclosure Future of Office Spaces and Commercial Real Estate Markets

The recent foreclosure filing by Deutsche Bank against Accesso Partners for the 200 West Monroe Street property in Chicago's Loop…

1 year ago
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