Commercial real estate instant insights for powerful business research, trends, and extensive education and information on CRE markets, practices, industries and sectors
Become a GlobeSt influencer! Learn about our latest recognition opportunities highlighting the individuals, firms and teams changing the commercial real estate landscape.
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.
"Today is a historic day for Chicago transit as we begin the largest project in CTA history to modernize CTA rail service for the next century and rebuild the Red Line, the CTA's busiest line," said Chicago Mayor Lori Lightfoot.
Crocker Partners, which has been retained as the property management team for the 28-story tower, kept a 1.9-acre site for a new multifamily project adjacent to the office building.
The 22-story office tower at 111 West Washington totals 585,000 square feet. Chicago-based Golub will assume management and leasing of the building that was constructed in 1913.
The center, which will be based on the university's campus in Urbana-Champaign, will serve as a global hub for the technology that will drive the manufacturing plants, medical environments, autonomous vehicles and smart homes of the future.
The park is adjacent to Lendlease's new seven-acre Southbank neighborhood development underway in the South Loop that, upon completion, will include several mixed-use towers. The first tower—The Cooper at Southbank—opened in the fall of 2018.
"We are thrilled to provide our marketplace with access to institutional-quality opportunities in the senior living sector," said Keith Lampi, president and chief operating officer of IPC.
The facility currently employs 170 workers and the company expects to double its kitchen staff by the end of next year to fuel its rapid expansion needs.