Chicago

Class A vacancy in the suburban region remained flat at 22.3%, however the vacancy rate in high quality, trophy assets in the suburban office market ended the third quarter at 16.6%, down 170 basis points from the same time period in 2017.

The facility in Channahon will employ approximately 500 new full-time workers. The Seattle-based e-commerce giant currently has a workforce of approximately 11,000 in Illinois.

According to a report released by Cushman & Wakefield, third-quarter leasing activity totaled 25.9 million square feet, nearly half of which was concentrated in the Interstate 55 and Interstate 80 corridors, as well as southeast Wisconsin.

Purchased in 1992 by a private investment group, the building is currently listed on the National Register of Historic Places and has operated as a boutique hotel and short-term rental for more than 90 years.

The firm plans to redevelop the property at 226 W. Jackson Blvd. into a dual-branded hotel, with a 135-room Hilton Garden Inn and a 214-room Canopy by Hilton.

The measure allows an exemption from sales tax for data centers who have or plan to make a $250-million investment in Illinois.

The Lake Point Tower Condominium Association Board in a unanimous vote, as well as a supermajority of unit owners, recently adopted two amendments to prevent the building from being changed back into apartments.

West Monroe Partners' employees will move into the new space in the fall of 2020 from its current headquarters is at 222 W. Adams St., in The Franklin, where it has been since 2012 and currently leases 104,000 square feet.