Monthly Archives: July 2012

Catapult Chicago puts unique spin on tech incubator/accelerator concept

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Catapult Chicago, the incubator/accelerator space for tech start-up comapnies in River North, got some great exposure recently thanks to this article in the Chicago Tribune.

Catapult was founded by partners with the law firm Foley & Lardner, which provides the space for free and offers pro bono office hours for Catapult’s 12 member companies.

Foley & Lardner senior counsel Galen Mason tells the Tribune that he hopes… Read More

New York Times looks at proposed Chicago office developments

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The New York Times is the latest major media outlet to shine a spotlight on the downtown Chicago office market and the plans by several well-known developers to build new office towers here.

As has been widely reported, the most-likely-to-be-completed project is the 45-story, 1-million-square-foot River Point tower being developed completely “on spec” (ie, construction will… Read More

Office tenants keep strong upper hand in suburbs

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The vacancy rate in Chicago’s suburban office market continued its gradual decline in Q2 2011, but a lack of activity among larger users has landlords still struggling to fill space.

As a result, oportunities abound for tenants to renew their leases at favorable rates or upgrade facilities, Jones Lang LaSalle’s Todd Schaefer tells Crain’s Chicago Business in this story (subscription required):

“Not seeing a whole

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Office leasing velocity slows in Chicago CBD, but rents continue gradual climb

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Office leasing velocity in downtown Chicago slowed in the second quarter of 2012, according to Jones Lang LaSalle’s newly released Q2-2012 Chicago Office Report. But while the overall vacancy rate downtown actually climbed a nominal 10 basis points from 14.0% in Q1 to 14.1% at the end of Q2 as a result, the protracted trend of of tightening vacancy figures to continue throughout the… Read More