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Chicago Commercial Real Estate – In the News

Tom’s Recommended Reading for the Week

  1. Dolce Living Communities buys vintage Loop office building from Hamilton Partners – A Florida residential developer bought a 115-year-old LaSalle Street office building, likely signaling another change in a nook of the Loop where several vintage office properties are being reincarnated… Crain’s Chicago
  2. Gogo to expand at Sterling Bay building in West Loop – Gogo is adding more jobs at its new West Loop headquarters. In 2013, the inflight wireless provider decided to move its corporate offices from Itasca to 111 N. Canal St., where it would employ 500 people and occupy 232,000 square feet… Crain’s Chicago
  3. How does branding work in real estate? – Is branding important to real estate? Most of us give it lip service but think that it is dwarfed in importance by the deal terms around a real estate transaction – T.I. dollars, lease terms, CTL financing and cap rates. The prevailing opinion in our industry (which I’ve heard verbatim numerous time) runs along these lines… RE Journals
  4. Suburban co-working movement building slowly in Geneva, Naperville – A handful of co-working centers are establishing themselves in the suburbs, but the idea of a place where independent professionals come together, share space and form a community is a tough sell among suburbanites… Daily Herald
  5. West Loop office tower in Chicago for sale – The Congress Center is going up for sale about 2½ years after injection of fresh cash pulled the West Loop office tower out of distress. A venture of New York-based Northwood Investors hired the Chicago office of HFF to broker a sale of the 16-story office tower at 525 W. Van Buren… Crain’s Chicago