Tom’s Recommended Reading for the Week
Check out the top news in Chicago commercial real estate before heading into the weekend!
- Can a new broker fill Trump’s long-vacant retail space – Donald Trump’s controversial decision to splash his name on his River North skyscraper drew lots of national media attention over the summer. Now the outspoken developer will test whether tenants took notice. New York-based Trump Organization hired retail brokerage RKF to find office tenants to fill the lower two levels of the long-vacant four-level shopping area at the base of the Trump International Hotel & Tower at 401 N. Wabash Ave… Crain’s Chicago
- Dom & Tom Expands in Chicago with Plans to Increase Presence in the City – In an ongoing effort to increase its presence in Chicago, digital development agency, Dom & Tom Inc. announced today that the company is doubling its office space in the Tribune Tower and adding several new web & mobile developers, UX/UI specialists, visual designers, and digital strategists to their staff. Cofounder and CEO, Tom Tancredi, has relocated to the Chicago office from New York City, where the company was founded five years ago, to focus on the company’s continued expansion… World Business Chicago
- Healthcare No Longer a Niche Market – Harrison Street Real Estate Capital just pulled off the biggest healthcare deal of the year, and Mindy Berman, the managing director of JLL, which brokered the 12-asset, $283 million sale, tells GlobeSt.com that the offering generated greater interest from investors than normally seen, partly due to the growing importance of medical office in general, and partly due to the way the Chicago-based Harrison carefully constructed this specific portfolio. The investors who bought the properties were not disclosed… Globe St.
- Innovation-focused Morgan Manufacturing to open in Fulton Market – A revamped industrial complex in the Fulton Market district will give large corporations another urban space to connect with up-and-coming Chicago companies. Morgan Manufacturing, an 88,000-square-foot event, meeting and work facility slated to open by late September, will provide space for organizations such as the Chicago Innovation Awards to bring potential partners together, the company announced Monday… Chicago Tribune
- What Your Workplace Says About Your Company Culture – The world’s highest-performing and most innovative companies create physical workspaces that support business goals and culture, foster innovation and collaboration and promote employee retention. The saying that “every picture tells a story” is supported by the fact that office spaces of today often reveal more about companies’ cultures than the “About Us” sections of their websites… NREI