Chicago

The gaming board report later notes that the amount of profit relative to total development costs, inclusive of licensing and reconciliation fees, would be at best result in a 1% or 2% return annually, which is not an acceptable rate of return for a casino developer on a greenfield project.

With the addition of 1155 West Fulton S., WeWork currently has 13 locations open and announced in Chicago across Fulton Market, West Loop, The Loop, and River North.

The two companies are partnering to build a portfolio of student housing assets across the US.

The renovation will open the top six floors to the public for the first time since the building opened in 1893. Marshall Field and Co. had historically used these floors for making furniture, clothes and its executive offices.

The report states that in 2019 Dollar General alone plans to open approximately 1,000 locations, while the dollar store sector has a pipeline of approximately 24,000 new locations planned for the future.

The firm reports it paid $42.85 million for the eight-story, 233,166-square-foot, Class-A office property at 1111 West 22nd St. Located in the East/West submarket, the building is 93% occupied.

Construction will commence immediately on the speculative project with delivery expected in the second quarter of 2020. LPC is constructing two high p facilities totaling 274,855 square feet.

For Colliers it means the addition of an established four-person office capital markets team and five veteran industrial brokerage professionals. Colliers will also fold Podolsky’s 32-building, 2.1-million-square-foot property management portfolio into its existing portfolio.