Chicago Commercial Real Estate – In the News

Tom’s Recommended Reading for the Week

  1. Chicago Named “Top Metro” for New and Expanding Companies – Mayor Rahm Emanuel today announced that for the second year in a row, Chicago was named the “Top Metro” in the nation* for corporate investment by Site Selection magazine, considered the “industry scoreboard for corporate investment and relocation professionals… World Business Chicago
  2. Chicago’s Willis Tower is on the market – and could fetch $1.5 billion – A potential sale is in the works for Chicago’s tallest building, a deal that could fetch almost $1.5 billion and shatter the city’s price record amid soaring property values downtown. The owners of the Willis Tower have hired Eastdil Secured to seek a sale, according to an offering book already given to potential buyers… Crain’s Chicago
  3. Group lays out its plan to spiff up Chicago’s Wabash Avenue – Wabash Avenue, critically located between the tourist attractions on Michigan Avenue and shopping on State Street, is poised to undergo a significant makeover.After more than a year spent collecting input and brainstorming, the Chicago Loop Alliance, the organization that promotes the downtown business district… Chicago Tribune
  4. Mead Johnson moving headquarters to downtown Chicago – Baby formula company Mead Johnson Nutrition is moving its headquarters to downtown Chicago from north suburban Glenview. Mead Johnson will bring 200 workers to River Point, a 52-story office tower under construction in the West Loop, the company and Mayor Rahm Emanuel announced today. Crain’s reported earlier today that Mead Johnson planned to move to the tower at 444 W. Lake St. along the Chicago River… Crain’s Chicago
  5. The Case Against Open Offices – I love the constant frenzy of activity at 1871’s front door. There are more than a thousand people a day regularly passing through it. There are visitors stopping by for a press conference or to attend a class, lecture, or luncheon… Chicago Tribune