Office N Illinois
Servcorp coworking space inside Chicago’s new River Point tower.

Sustainability requires us to (co)work together

One of the central tenets of green building is the conservation of finite resources. One resource that’s often overlooked but certainly worth conserving is physical space. Efforts to reduce the amount of space we use coincides with a growing trend in commercial real estate: coworking facilities.

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When Skender designed their own new offices, they included tech-infused collaboration spaces, multipurpose rooms that connect to adjacent spaces via overhead doors and other unique spaces that create a cooperative environment.

Borrow from the best: workplace ideas from tech HQs

Technology companies are widely thought of as cool places to work, not just because of what they do, but because of the spaces where they work. Employees in other industries have long envied those spaces—and now, management is on board. In Chicago alone, heritage companies such as Kraft Heinz, Conagra Brands and Morton Salt are creating new headquarters that look more like startup space, rather than the offices of a well-established major corporation.

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Kaufman Hall expands Chicago-area presence with new Loop office

Kaufman Hall expands Chicago-area presence with new Loop office

Kaufman Hall, a provider of financial and capital advisory services to the healthcare sector, is expanding its Chicago-area presence with a new office in downtown Chicago. The company leased 14,118 square feet at 10 S. Wacker Drive in the CME Center. Kaufman Hall’s corporate headquarters will remain in Skokie, Illinois, where it has been located since 2005.

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The Spaces Fulton Market facility at 159 N. Sangamon Street in Chicago.

ARCO/Murray completes two coworking spaces in Chicago

ARCO/Murray recently completed two coworking office, event and work environments for Spaces, an Amsterdam-based company, in Chicago’s Fulton Market and Lincoln Park neighborhoods. The 32,000-square-foot Fulton Market facility is located at 159 N. Sangamon Street and the 24,000-square-foot Lincoln Park facility is located at 1500 N. Halsted Street.

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The success of Sterling Bay’s ambitious Lincoln Yards development may depend on extensive transit infrastructure changes.

The central business district, decentralized

It wasn’t that long ago that Chicago’s central business district was confined to the Loop. Over the years, office space has crept outward, spilling over the banks of the river to the north and to the west. So just what is it that entices corporations to move out to the fringes of the CBD?

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ESD moves interactive headquarters into Willis Tower

ESD moves interactive headquarters into Willis Tower

Chicago’s Willis Tower has nabbed another corporate relocation as ESD (Environmental Systems Design, Inc.) has moved it headquarters into 47,000 square feet over one full floor and part of a second in the iconic building. The engineering, design and consulting firm hopes their new space will serve as a “living lab” to engage employees and clients alike.

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625 W. Adams.

625 W Adams shows off its amenities

Developed by CA Ventures and White Oak Realty, the 20-story 625 W. Adams is ready to welcome tenants later this month. The building will deliver 438,184 square feet of office space to Chicago’s West Loop, but it will also be bristling with amenities.

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Presidents Plaza office towers sell for $147M in Chicago's O'Hare market

Presidents Plaza office towers sell for $147M in Chicago's O'Hare market

JLL’s Capital Markets experts completed the sale of Presidents Plaza, a pair of Class A office buildings at 8600 & 8700 W. Bryn Mawr Avenue in the O’Hare submarket of Chicago. New York-based alternative investment firm Angelo, Gordon & Co. bought the assets for $147 million. The seller, a partnership between Chicago’s GlenStar Properties, LLC and a global real estate investment manager, has owned the property since 2006. Glenstar is currently the buildings’ leasing and managing service provider, and will partner with Angelo, Gordon & Co. to provide services and building upgrades moving forward.

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Oak Brook's Commerce Plaza refinances for $89.4M

Oak Brook's Commerce Plaza refinances for $89.4M

JLL’s Capital Markets experts arranged an $89.4 million, long-term loan to refinance Commerce Plaza, a 556,463-square-foot office complex in Oak Brook, Illinois. The fixed rate, non-recourse loan was secured on behalf of owners Zeller Realty Group and Olympus Ventures, LLC. The financing was provided by PGIM Real Estate Finance, the commercial mortgage finance business of PGIM, part of Prudential Financial, Inc.