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Chicago Commercial Real Estate – In the News

Tom’s Recommended Reading for the Week

Hope everyone enjoys the last weekend of Olympic action. Catch up on your CRE news and take a look at these articles below.

  1. Chicago’s new hotspot for tech startups  –When Dan Wagner went looking for bigger space for his fast-growing startup, Civis Analytics Inc., he wanted cool, affordable loft space downtown near other tech companies. Sounds like River North, right?… Crain’s Chicago
  2. 1871 graduates find their way in new ‘real world’ offices – Many of Chicago’s aspiring young companies find their footing within the comfortable confines of 1871, surrounded by mentors and peers. After a time, however, the need for a space of their own takes over. Reserved seating at 1871 costs $400 per desk per month… Chicago Tribune 
  3. Amid 17-story hotel plan, debate over Fulton Market’s future may only be beginning- Trader Don Wilson faces an uphill battle winning approval for his Fulton Market hotel project, a harbinger of complicated debates about development in the sizzling neighborhood.A venture of Mr. Wilson’s Chicago-based DRW Holdings LLC wants to build a 17-story hotel with up to 200 rooms, plus a three-story, 51,274-square-foot entertainment complex… Crain’s Chicago
  4. Big city job numbers will shoulder apartment demand in Chicago – Chicago’s designation as one of Google’s seven national tech hubs will attract new start-ups to the city, amplifying its already strong employment prospects, which is good news for Chicago’s multifamily market, according to an apartment research market report by Marcus & Millichap Real Estate Investment Services… RE Journals
  5. Chicago Spire developer, creditor agree on financing plan – The developer of the aborted Chicago Spire condominium tower has resolved a dispute with its largest creditor over a short-term financing plan for the property, but the bigger battle for control of the development site still lies ahead… Crain’s Chicago