Monthly Archives: July 2018

The Ritz-Carlton, Chicago’s next era as a hospitality landmark

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The Ritz-Carlton, Chicago’s thoughtful, two-year transformation was planned as a tribute to the city of Chicago, bringing the outside in and celebrating the city’s long history as an architectural innovator. With this guiding principle, the JLL project management team undertook a complex modernization with an eye on both ownership’s interests and a luxury customer experience.

Click below for our Project Profile on The Ritz-Carlton, Chicago, a hospitality icon that’s inspiring life’s most meaningful journeys.

The Ritz-Carlton, Chicago

Project scope included a new lobby, bar, cafe, restaurant, ballrooms, meeting rooms, guestroom suites (plus eight luxury apartments) renovation, corridors, club lounge, spa, fitness center and pool, along with mechanical central plant upgrades. One of the team’s most important tasks was the structural modification necessary to open up views in the public areas, the most visible way to elevate design and comfort for the Ritz-Carlton’s next phase of success.… Read More

Flight to quality and sub-5% vacancy punctuate Chicago industrial’s Q2

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industrial

Welcome to Episode 15.5 of Real Time, JLL Chicago’s industrial podcast. In this episode, the team previews the Chicago market’s second quarter industrial statistics, breaking down everything from vacancy and absorption to investment sales and construction deliveries. The highlights:

  • Market vacancy has stabilized and remains hovering, unbelievably, below 7 percent, with sub-5-percent vacancy in O’Hare!
  • Q2 saw 9 million square feet of leasing volume, a number we haven’t seen since Q3 2016
  • Construction has slowed down as developers become more thoughtful about where and how they build, a healthy sign for the market
  • Tenants, especially in the bread and butter size range, are moving on up to new Class A product for the higher image, clear heights and finishes

Hosted by: Industrial market research experts George Cutro and Chad Buch

Listen to this seven-minute podcast with the player above or click here.

Q2 2018 industrial insight and submarket report.

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