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chi-WestbrookCorpCenter_EXT2_001 Blackstone recently sold Westbrook Corporate Center in Westchester for $132 million, or about $113 per square foot, to Group RMC.

CHICAGO—Leasing activity in Chicago’s suburban region fell for the first time since the fourth quarter of 2017, dropping by more than 20% to 1.1 million square feet, according to a new report on the office sector from Savills Studley. Other statistics also illustrate that overall, the suburban market now struggles after enjoying a very modest recovery from the recession.

Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.

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