More than 200 results for “West Loop”
Office N Illinois

Chicago's CBD off to a slow start in 2018

| Matt Baker

The downtown Chicago office market was relatively flat in the first quarter of the year, according to a CBRE report. One main reason is corporations giving back space as they right-size their footprints. The CBD’s modest positive absorption last quarter—39,437 square feet—was driven by consulting, legal and wholesale trade tenants.

Office N Illinois

The central business district, decentralized

| Matt Baker

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?

Multifamily N Illinois

Mixed-use residential building tops out in the West Loop

All of the concrete construction on The Van Buren, a mixed-use residential tower at Van Buren Avenue and Halsted Street in Chicago has topped off, according to Loukas Development. Now that this development milestone has been achieved, leasing of the building’s 148 apartment units in the West Loop neighborhood will begin in mid-April.

Retail N Illinois

Tucker Development brings Bluemercury to Chicago's Fulton Market

Tucker Development Corp. has signed Bluemercury into a lease for two Randolph Street storefronts at 900 West, the developer’s multi-building, mixed-use development in the Fulton Market District of Chicago’s West Loop. The fast-growing luxury beauty retailer will fill an 1,800-square-foot space with an anticipated summer 2018 opening.

Multifamily N Illinois

An analysis of multifamily concessions in Chicago

Chicago’s core neighborhoods observed a number of multifamily deliveries over the past few years, a trend that should continue through 2020. According to a blog post by Laura Ballou, senior associate—market analytics at KIG CRE, these new deliveries as well as upcoming units should support the recent trend for concessions.

Office N Illinois

SVN Chicago finalizes lease in Chicago's West Loop

Australia-based Coates Group leased 13,705 square feet at 112 N. May Street in Chicago’s West Loop neighborhood. Chad Schroedl, Drew Dillon, and Scott Maesel of SVN | Chicago Commercial represented the landlord in the lease. Ari Topper and Andrew Magliochetti of Jameson Sotheby's International represented the tenant.

CRE N Illinois

Counting cranes: construction costs and confidence

Construction costs are rising, but that hasn’t stopped new development as the North American crane count has reached a new peak. Chicago and five other cities—of the 13 cities sampled in Rider Levett Bucknall’s (RLB) latest tally—are holding steady from the July report, while five cities show an increase in counts and only two have indicate…

Office N Illinois

SVN Chicago sells Haymarket Building

SVN | Chicago Commercial handled the sale of a 42,000-square-foot, loft-style office building at 117-121 N. Jefferson Avenue in Chicago’s West Loop neighborhood. An investor coming out of a 1031 exchange purchased the structure, known as “The Haymarket Building,” for $12,875,000.

Office N Illinois

Vital Proteins makes Fulton Market space its permanent headquarters

Vital Proteins, a Chicago-based collagen and wellness company, has signed a 10-year lease for a permanent headquarters at 939 W. Fulton Market in Chicago. The new space is expected to be completed in late 2018 and will total 11,750 square feet of retail space and 25,603 square feet of office space. The property is owned and being redevelope…

Multifamily N Illinois

3 design insights to increase a rental's absorption rate

| Mary Cook

From Landmark West Loop to SixForty North Wells in River North new rental units continue to come online at a steady pace. With 8,000 new apartments slated to deliver by the end of next year in downtown Chicago alone, and an increasingly modest demand projected over the next three years, according to the Urban Land Institute’s April 2017 Rea…