Globest Sectors

Approximately 40% of the building’s units are leased to Sonder, a short-term rental start-up in nearly 30 cities that recently surpassed a valuation of more than $1 billion.

The 21st Century Redevelopment Program was created last year in response to a number of demographic and economic trends that resulted in many suburban office parks and shopping malls becoming empty or underutilized.

Projects have been completed from Maine to Florida, from Minnesota to California and many points in between.

Precast walls are being erected at 50 Central Ave. which is scheduled for completion in the first quarter of 2020.

GlobeSt.com sat down with Adam Mullen, who leads CBRE’s Industrial & Logistics business in the Americas for answers.

This is the company’s 13th LIHTC fund with two new investors joining.

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 firm will retain its existing space and expand into new workspace at the 206,773-square-foot building is owned by Steelbridge. Hayes Medical Staffing expects to create an additional 250 jobs in connection with its expansion.