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Developers Howard Hughes, Riverside Break Ground on 110 N. Wacker

After months of moving dirt around, developers of 110 N. Wacker officially began construction on the 55-story office complex set between the Chicago River and Wacker Drive in Chicago’s downtown Loop.

Developed by Howard Hughes Corp. and Riverside Investment & Development, the 1.4-million square-foot tower will take its place among some of the city’s youngest noteworthy structures on the Chicago River. Designed by Chicago-based Goettsch Partner

Amazon ‘Really Likes’ Two Chicago Sites: Mayor Emanuel

Pictured: Rendering of Tribune Media’s 9 million-square-foot Chicago Riverfront redevelopment, one of five sites expected to be considered by Amazon if the e-commerce giant selects Chicago for HQ2.It’s still unclear if Chicago will be selected as the winner or perhaps a second round of Amazon HQ2 hopefuls, but Mayor Rahm Emanuel said Monday that it’s his understanding that Amazon officials “really like” two city sites.

Emanuel was speaking at a…

Agellan Continues Office Exit, Moves Closer to Industrial Pure Play

Toronto-based Agellan Real Estate Investment Trust is selling a 118,500-square-foot office building in Charlotte, NC, a move expected to advance its goal of being an industrial-focused entity.

The REIT has conditionally sold a five-story, multi-tenant office building located at 10130 Perimeter Parkway for US$22.65 million before closing costs, which represents an in-place capitalization rate of approximately 7.46 percent.

The deal is expected…

Austin’s Campus Advantage Takes $200 Million Multifamily Portfolio

Pictured: Liv community in Seattle, one of six student housing communities acquired by Campus Advantage in a $200 million deal.Student housing newcomer Campus Advantage has beefed up its portfolio with a six-property deal worth about $200 million.

The Austin-based investment and property management company acquired a 714-unit portfolio, with 1,910 beds, near campuses in Washington, Georgia, Oregon, Illinois and Tennessee.

The deal balloons Campus…

Walgreens Signs Deal to Join List of Major Corporations Opening Offices in Downtown Chicago

Pictured: Rendering of redeveloped Old Post Office.Walgreens is coming back to downtown Chicago. The Deerfield, IL-based pharmacy giant said Friday it will place some 1,800 workers in the redeveloped Old Post Office at 433 W. Van Buren.

The 117-year-old company said it will take 200,000 square feet of office space at

Record Demand Downtown Eases Supply Glut

The Downtown Chicago apartment market has had a banner start to 2018, with a record 2,300 net units leased in the first five months of the year. To put this performance into perspective, the annual record for absorption is 2,670 units (set in 2014), while just shy of 2,500 units were absorbed in 2017. Though downtown absorption is typically greater in the first half of the year than the second, 2018 totals should easily set a new record.


Duke Realty Breaks Ground on Spec Bulk Warehouse in Glendale Heights

The Chicago office of Duke Realty Corp. has broken ground on a new 183,296-square-foot bulk warehouse that will bring much needed last-mile speculative space to the Central DuPage submarket.

“Leasing activity in the Central DuPage submarket has been extremely strong, due to its proximity to downtown Chicago and surrounding populous neighborhoods, especially by companies looking for last-mile distribution sites. However availability is very limited…

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