Office N Illinois
Vintage Chicago high-rise hits the market

Vintage Chicago high-rise hits the market

One N. LaSalle Street, a 47-story Art Deco office building in Chicago’s Loop, is on the market. According to a report from Crain’s, the ownership group—a joint venture of Northbrook-based Hilco Real Estate and two MB Real Estate executives—hopes to sell the property for $125 million.

Office N Illinois
Chicago's next trophy office tower gets $665M construction loan

Chicago's next trophy office tower gets $665M construction loan

The 53-story, riverfront tower going up on the former GGP site moved closer to reality with a new round of construction financing. According to the Chicago Tribune, Howard Hughes Corp. and Riverside Investment & Development said that they have acquired a $495 million construction loan from a lending group including Bank of America and JPMorgan Chase to build the office tower at 110 N. Wacker Drive.

Office N Illinois
Naperville Corporate Center sells for $38 million

Naperville Corporate Center sells for $38 million

Holliday Fenoglio Fowler, L.P. (HFF) brokered the $38.725 million sale of Naperville Corporate Center, a four-building office portfolio totaling 420,540 square feet in Naperville, Illinois. The HFF team represented the seller, a joint venture between TriGate Capital, LLC and Pearlmark, and procured the buyer, Real Capital Solutions.

Office N Illinois
625 W. Adams (left) and 151 N. Franklin (right).

Chicago's CBD off to a slow start in 2018

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
Skender begins work on interior of new office in Chicago’s Lincoln Yards Development

Skender begins work on interior of new office in Chicago’s Lincoln Yards Development

Skender, serving as general contractor, recently launched interior construction of a new, 207,000-square-foot office for C.H. Robinson, a Fortune 500 third-party logistics and supply chain management provider. The office is located within the first Sterling Bay riverfront property in its Lincoln Yards development in Lincoln Park, a contender for the Amazon HQ2 bid.