2017 Expected To Be Another Big Year for Chicago CRE

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CBRE’s Drew Nieman spoke recently at The Illinois Real Estate Journal’s 15th Annual Commercial Real Estate Forecast in Chicago. 

Nieman addressed the crowd of 700 on the State of the Chicago Market panel. He specifically highlighted the strength of the Class A office market in the CBD.

According to Nieman, Class A+ space has a vacancy of 3.5 percent, which could trigger another new tower to launch in Chicago this year. Continue reading

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New Workplace Strategies Result in 80% of Large Chicago Law Firms Downsizing in Past Two Years

cy7c_jwvqaajgypAccording to a new report from CBRE Research, large law firms in Chicago, those occupying 75,000 square feet or more, continue to downsize space, with 80 percent shrinking their office footprints in the last two years.

Currently, the average square feet per attorney occupied by the 25 largest law firms in Chicago is approximately 1,000 square feet. However, the report states that most of these firms are aiming to downsize to 750 square feet or lower per attorney. Continue reading

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Brad Serot Named to 2016 Crain’s 40 Under 40 Class

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On behalf of CBRE, we would like to congratulate Brad Serot for being named to this year’s 40 Under 40 Class by Crain’s Chicago Business.

Brad is one of CBRE’s most prominent tenant representation brokers, having been involved in over six million square feet of transactions valued at more than $5 billion.

Please join us in congratulating Brad on this tremendous achievement!

Click here to read the full article.

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CBRE to Open Leading-Edge Suburban Office

CBRE has announced that it will bring its highly successful Workplace360 initiative to the Chicago suburbs with the opening of a new, state-of-the-art 45,000-square-foot office in Oak Brook, Ill.

The move will bring together all of CBRE’s suburban employees under one roof in an effort to foster increased collaboration, improve productivity, better serve its clients and establish a world-class work environment aimed at recruiting and retaining the firm’s industry-leading talent.

The new office will be located on the top two floors of Oak Brook Pointe (700 Commerce Drive), where the firm currently leases 20,243 square feet. The new 45,000-square-foot space will also accommodate employees previously based at the firm’s Schaumburg (20 N. Martingale) and Bannockburn offices.

“We are excited for the collaborative culture our new office will create for our employees and for the opportunity to demonstrate a new way of working to our clients and the broader business community in suburban Chicago,” said Bill Wright, a CBRE managing director and co-project lead.

Continue reading

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CBRE Recognized with Three NAIOP Awards for Excellence

 

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We are proud to announce that three CBRE projects were recognized at The 2016 NAIOP Chicago Awards for Excellence.

Congratulations to the brokers below for being recognized by their peers for outstanding deals in 2016.

Winners:
Broker Transaction of the Year – Downtown Office
McDonald’s at 1045 W. Randolph, Chicago
Tenant/Buyer Brokers: Todd Lippman, David Tropp & James Whalen

Broker Transaction of the Year – Industrial
Mars/Wrigley at 4005 Cedar Drive, Joliet
Tenant/Buyer Brokers: Traci Buckingham Payette & Michael Mullady

Office Development of the Year
150 N. Riverside, Chicago
Developer: Riverside Investment & Development
Leasing Brokers: Drew Nieman & Christy Domin

Congratulations again to our winners and all of our 10 finalists!

To see the complete list of winners, visit NAIOP’s award page.

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CBRE Chicago Named a Top Workplace by Chicago Tribune

For the ftwp_chicago_portrait_2016_awirst time, CBRE Chicago has been named one of the city’s top workplaces by the Chicago Tribune.

Thousands of companies submitted for this designation and less than 5 percent were recognized including just 24 others in the “large companies” category.

More than 1,000 CBRE Chicago employees took the time to complete the Tribune’s email survey based solely on employee feedback.

“This is a tremendous achievement that speaks to the hard work and dedication of all of our employees in the Chicago area and yet is another example of the progress we’re making in becoming a truly world-class organization,” said Chris Connelly, President of the Midwest Division, CBRE.

The Chicago Tribune describes a top workplace as an organization that is successful because its employees enjoy their work, embrace their mission and feel like valued teammates.

Thank you to all of our employees for making CBRE one of Chicago’s Top Workplaces!

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