Office

In a blockbuster session, the Illinois House and Senate came to agreement on a $40-billion state budget, a $45-billion Rebuild Illinois infrastructure plan, a sports betting bill that will allow a casino in the City of Chicago and smaller gaming operations in the suburbs and a bill to legalize recreational marijuana in the state.

GlobeSt.com and Real Estate Forum are pleased to announce the top 2019 Woman of Influence professionals of the year in the category of independent/non-business professional who have made contributions in the CRE arena.

The financing replaces construction financing for the 673,852-square-foot class-A office building.

South of Market has the most flexible workspace centers, while the Financial District is the most expensive with an average monthly cost-per-desk of $1,500, higher than the citywide average at $1,046.

PGIM Real Estate Finance provided the loan for the building in the neighborhood where TAMI tenants continue to grow.

Highwoods now owns an 80% interest in the joint venture. The company estimates the project will involve a total investment of $72 million.

Invesco, which last week completed the acquisition of MassMutual's asset management affiliate OppenheimerFunds in a deal reportedly valued at $5.7 billion, will be adding 500 jobs and investing $70 million as part of its major expansion in Atlanta.

Svizeny will lead OceanFirst's expansion in the metropolitan Philadelphia market area, which the $8-billiom bank states is a strategic priority.