Monthly Archives: August 2013

Investor appetite for downtown Chicago office properties continues to surge

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The owners of the 200 South Mighican office tower here in Chicago are the latest commercial property owners looking to tap into the surging investor demand for downtown Chicago office buildings.

As was reported in Crain’s Chicago Business recently, Equus (previously know as BPG Properties) has hired JLL’s Bruce Miller and Nooshin FelsenthalRead More

High-tech industry driving Chicago office leasing market

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The recently-released JLL High-Tech Office Outlook was featured by the popular commercial real estate website GlobeSt.com today in an article that also featured some compelling insights from one of our resident tenant rep experts, Bobby Goodman.

Goodman tells GlobeSt reporter Brian Rogal that “Chicago has hit the map” as a bona fide destination for high-tech… Read More

Chicago industrial market is hottest in the U.S.

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Demand for industrial real estate continues to surge across the U.S., with the Midwest cities — specifically Chicago — leading the way.

Those are among the key findings of JLL’s recently released Q2 2013 Industrial Research reports, which were featured in this story by the venerable supply chain and logistics periodical Journal ofRead More

August employment update

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  • The U.S. economy added 162,000 jobs in July and the unemployment rate fell 20 basis points to 7.4 percent, a 4 1/2 year low. Gains were made in retail trade, food service, financial activities and wholesade trade.
  • In Chicago, a spike in unemployed worked outpaced the growth in the labor force and, as a result, unemployment
  • Read More

Spec office development returns to the ‘burbs

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For the first time since before the Great Recession, speculative office development is returing to the Chicago suburbs.

Despite what could definitely be described as a challenged market — Jones Lang LaSalle research reports a suburbs-wide 24.4 percent vacancy rate — veteran broker/developer Jack McKinney is planning a modest 52,000-SF development near Techny and Waukegan roads in Northbrook.

He tells Crain’s Chicago Business that… Read More