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Chicago Commercial Real Estate – In the News

Tom’s Recommended Reading for the Week

  1. 222 N LaSalle Signs Another Tech Firm – The owners of 222 N. LaSalle in downtown Chicago have launched an effort to make the 26-story tower into a destination for technology, advertising, media and information companies. And they recently scored another success by signing online personal lending company Avant Credit to a long-term lease for about 78,794 square feet... Globe St. 
  2. Is Chicago’s Next Big Neighborhood… The Loop? – During the build up to this year’s mayoral and aldmeranic elections, Chicago’s downtown was often depicted as the gluttonous beneficiary of preferential investment at the expense Chicago’s spurned neighborhoods… ChicagoNow
  3. Rejecting the Cubicle for an Expanse of Space – In the era of the coffee-shop office, where a bit of countertop can be enough room from which to run a business, some tenants in New York are clamoring for a very different kind of workplace: one that spans a cavernous 100,000 square feet or more… New York Times
  4. Rents rising for Chicago’s premier high-rise offices – Rents are on the rise in Chicago’s premier office buildings, according to a new report from JLL, a commercial real estate firm. Gross asking rents at Chicago’s 65 so-called skyline buildings rose 99 cents to $37.93 per square foot last year. In 2013, rents rose 47 cents to $36.94… Chicago Tribune
  5. Why tech loves quirky, old buildings – As giants like Facebook and Google build shiny new cities in Silicon Valley, other technology companies are doing just the opposite to the national office landscape. They are revitalizing and transforming older buildings and breathing new life into a market that had been on life support… CNBC