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Chicago Commercial Real Estate – In the News

Tom’s Recommended Reading for the Week

  1. Fresh Thyme grocery chain to move to Downers Grove, open Elston store – An organic grocer that plans an ambitious expansion across the Midwest has inked deals for two more Chicago-area stores as it prepares to move its headquarters to Downers Grove from Phoenix. Fresh Thyme Farmers Market signed a 15-year lease for its first store in the city, at 2500 N. Elston Ave… Crain’s Chicago
  2. Illinois tops LEED rankings from USGBC – Illinois led the nation in building space certified as environmentally friendly for the second straight year, according to a report. The U.S. Green Building Council’s report yesterday named the top 10 states for buildings certified as “LEED,” which stands for Leadership in Energy & Environmental Design… Crain’s Chicago
  3. John Buck lands Freeborn & Peters for new Loop office tower – A third new office tower could soon rise in downtown Chicago, with law firm Freeborn & Peters agreeing to move into a 36-story project developer John Buck plans in the Loop. Freeborn & Peters has signed a letter of intent for offices in an 800,000-square-foot tower at 151 N. Franklin St… Crain’s Chicago
  4. Sterling Bay Gets $220M Refi for 1KFulton – Mesa West Capital has provided Sterling Bay with $220 million to refinance its 1KFulton project in the West Loop. The Chicago-based developer bought the former Fulton Market Cold Storage warehouse in 2012 and renovated it into a 535,000-square-foot office building thatGoogle will soon use as its new regional headquarters… Globe St.
  5. Suburban Chicago office building sales jump in 2014 – Sales of suburban office buildings surged to $1 billion last year, the highest volume since the crash. Suburban office sales rose almost 20 percent from about $865 million in 2013, the third straight year of rising sales but still only about half the 2007 peak of $2.09 billion… Crain’s Chicago