Tom’s Recommended Reading for the Week
Check out the top news in Chicago commercial real estate before heading into the weekend!
- Chicago a top city for fastest-growing companies, Inc ranking says – Chicago is a top city on Inc.’s annual ranking of America’s fastest-growing private companies, the magazine said today. The Inc. 5000 ranking for 2014 analyzes companies’ three-year revenue growth and lists the 5,000 fastest-growing private companies and small businesses in the U.S. Chicago has 95 companies on the list — the most of any city except New York. San Francisco came in at No. 7, with 63 companies… Crain’s Chicago
- Global Investors Target Secondary Markets – Foreign investors have long flocked to the top gateway markets like New York, San Francisco, and Washington, DC, but increasingly these individuals and institutions are poking around secondary markets throughout the US, a reflection both of the American economy’s strength and the transparency provided by the country’s real estate laws… Globe St.
- Why real estate investors just can’t quit Chicago – The possibility of substantial tax increases to pay for the city’s and state’s unfunded pension obligations hasn’t prevented real estate investors from plunking down big sums—even record-breaking ones—to snap up property in the area.“I think it’s an issue, but I don’t think it’s stopping anyone from investing in Chicago… Crain’s Chicago
- Selling points: Why now is a good time to sell – The recent sale of 200 W. Monroe, a 23-story office tower located in The Loop in downtown Chicago, drives home a point that has become increasingly evident in recent months: Today’s real estate market is a great one for sellers. And, like any good sellers’ market, it is not a bad market for buyers, either… RE Journals
- U.S. Construction Shifts Into Second Tier – Construction projects in cities across the country that stalled during the economic downturn now are getting the green light, an indication that the real-estate recovery is spreading beyond a handful of urban areas. The construction of office buildings, hotels and apartment buildings picked up in New York, San Francisco and Boston several years ago. Now activity is spreading to Atlanta, Chicago, Las Vegas and a number of other cities that are finally seeing a pickup in employment, economists say… Wall Street Journal