CRE Midwest

Four Chicago buildings earn regional TOBY Awards

The Building Owners and Managers Association of Chicago (BOMA/Chicago) has announced that four of its building members have been honored as regional “The Outstanding Building of the Year” (TOBY) Award winners by the North Central Region of the Building Owners and Managers Association.

Retail Midwest

JLL to revamp CTA retail operations

The CTA plans to take a more businesslike approach to its retail operations and its first move will be to hand the management reigns over to Jones Lang LaSalle to oversee the leasing of 16,500-square-feet of vacant concession spaces.

CRE Midwest
Rate of Bank Failures Slows Sharply

Rate of Bank Failures Slows Sharply

Only 3 banks failed in March 2011, making for the slowest monthly pace since December 2008, when three banks also failed, according to the Trepp U.S. Bank Failure Report. While the reasons for failure were varied, CRE loans represented the largest source of nonperforming loans.

CRE Midwest

A Tale of Two Recoveries

Expectations for a modest recovery in the Capital Markets in 2011 have been “spot on” as the activity of the second half of 2010 was pivotal and has continued led into the first quarter of 2011. A continuation of the “cleansing” of distress assets has resulted in greater velocity in the debt markets, albeit still rather slow and steady compared to the past.

Retail Midwest

Keefer's renews at Dearborn Plaza

Keefer’s Restaurant, a high-end steak house that has been a River North fixture for more than 10 years, has renewed its lease on 10,650 square feet of space at Dearborn Plaza, The Alter Group’s 17-story, 385,000-square-foot office building at 20 West Kinzie Street.

CRE Midwest

Kane County businesses look to 2040

JCF Real Estate’s Paul Robertson and Steve Chrastka recently spoke with CMAP’s Executive Director Randy Blankenhorn regarding how Kane County and its communities can benefit from implementation of the GO TO 2040 plan.