Chicago

Chicago's original leading source for commercial real estate news, analysis, trends, events and resources in office, industrial, retail, multifamily, hotel, healthcare and net lease property sectors.

News

Hyatt to Furlough Corporate Workforce, Temporarily Shutter Some Hotels

John Jordan |

CEO Mark Hoplamazian and Chairman of the Board Tom Pritzker are forgoing 100% of their salaries, and Hyatt’s senior leadership team is taking a salary cut of 50% through the end of May.
News

Gov. Pritzker Issues Stay at Home Order to Combat Coronavirus

John Jordan |

"I fully recognize that in some cases I am choosing between saving people's lives and saving their livelihoods. But ultimately, you can't have a livelihood without a life. This will not last forever, but it's what we must do to support the people on the front lines of this fight, and the people most vulnerable to its consequences,” Gov. Pritzker added.
Thought LeadershipPresented by Colliers

Why Data Centers Demand a Place in Your Portfolio

Brian Lee |

Data centers are getting a lot of CRE attention with spending on public cloud computing forecast to more than double in four years.

News

Chicago Mayor Launches $100M Coronavirus Relief Package

John Jordan |

The new fund will provide more than $100 million in low-interest loans to severely impacted small businesses over the coming months, targeting historically under-resourced communities with an emphasis on minimizing hardship for those businesses and their employees.
News

Big Three Automakers Agree to Suspend Production in North America Due to Coronavirus

John Jordan |

The deals were announced on Wednesday by the three major automakers. Following Thursday evening shifts, Ford is temporarily suspending production at its manufacturing sites in North America to March 30 to thoroughly clean its facilities to protect its workforce and boost containment efforts for the COVID-19 coronavirus.
News

McDonald’s USA to Only Serve Customers Via Drive-Thru, Walk-In Take-Out and ‘McDelivery’

John Jordan |

"During these uncertain times that impact all of us in personal ways, our ability to support each other, our people and our communities will ensure we emerge from this crisis stronger than before,” says Joe Erlinger, president of McDonald’s USA.
News

Governors, Mayors Tighten Restrictions to Prevent COVID-19 Spread

John Jordan |

“Our lives are all changing in ways that were unimaginable just a week ago,” New York City Mayor de Blasio stated.
News

New York-Based Partnership Acquires 4 Million SF Caterpillar Campus

John Jordan |

The deal for the 350-acre campus also features a sale-leaseback component with Deerfield, IL-based Caterpillar Inc. The construction equipment manufacturer plans to keep approximately 500 of the company’s employees on site and will lease back an office building along with a portion of adjacent industrial space.
News

Oaktree Capital-GlenStar Land $256M Refi Deal for Chicago Board of Trade Building

John Jordan |

The deal, arranged by JLL Capital Markets, was done on behalf of a partnership between funds managed by Los Angeles-based Oaktree Capital Management, L.P. and GlenStar Properties of Chicago, to secure debt financing through a domestic financial institution.
News

Origin Investments Adds Monroe Aberdeen Place to its Portfolio

John Jordan |

Origin acquired the property on behalf of its IncomePlus Fund from Michigan Avenue Real Estate Group, the original developer of the property. Chicago-based multifamily brokerage firm Kiser Group represented Origin Investments in the off-market transaction.

Load More Stories

Resources

The Four Success Pillars of Commercial Real Estate

From RealPage

These four pillars of success will help you leverage the strength of the CRE market in 2020; while navigating unexpected industry challenges to thrive and separate yourself from the competition.

Download Resource ›

Browse More Resources →

GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
Exclusive discounts on ALM and GlobeSt events.
Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now

Share with Email

Thank you for sharing!

Chicago

Trending Stories

Resources

GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!