Tag Archives: commercial real estate
Blackstone and Equity Office’s $500M Willis Tower Transformation cements commitment to Retail Construction and Chicago
Retail in Chicago, especially high-street retail, has performed very well in recent years. While rents have increased steadily, major new retail construction in the central business district has been limited. That is all changing with a massive $500 million investment … Continue reading
As the rental market continues to perform well in Chicago, investors and owners are looking for alternative ways to enter the market and the latest answer has been condo deconversions. Already, Chicago has seen several marquee deals, with the largest … Continue reading
With a slew of new office projects in development and dozens in the planning stage, Chicago’s office market is evolving.
Chicago has become a top three market in the U.S. for data center absorption thanks to its central location and its prominence as a critical hub network, according to a new report from CBRE Group, Inc. Net absorption totaled 36.2 … Continue reading
CBRE’s Project Management Group (PJM), in partnership with Clune Construction, recently completed the restoration of Union Station’s iconic Great Hall Staircase in Chicago. After 90 years of foot traffic, the famous Travertine stairs had begun to realize “cupping” and other … Continue reading
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 … Continue reading