This Week’s Chicago Deal Sheet

This Week’s Chicago Deal Sheet

Lendlease and co-developer Magellan Development Group broke ground Tuesday on Cirrus, a 47-story, 363-unit luxury condominium tower at 211 North Harbor Drive, along Chicago’s lakefront in the Lakeshore East community. 


Please note:

This article was imported from an external RSS feed distributed by Bisnow. Although the article is presumed to originate from a reputable source, JusPost Inc however reserves the right to protect itself and herein affirms that it is NOT the author or copyright owner of this article, nor does it warrant or guarantee that the content of this article is 100% accurate and without prejudice. Furthermore, JusPost Inc declares that it has not modified, nor sold or redistributed this article for profit, and has credited it with the proper source link.
Recession-Proof? Data Center Expansion To Continue Even In Market Slowdown As New Tech Transforms U.S.

Recession-Proof? Data Center Expansion To Continue Even In Market Slowdown As New Tech Transforms U.S.

Although data center demand and new development slowed throughout much of 2018, experts say users will clamor for space in the near future. Everyday internet users tapping on now-ubiquitous iPhones, along with corporations that need to upgrade their data infrastructure, will fuel demand, kicking off new developments throughout many metro areas even if the economy goes soft.


Please note:

This article was imported from an external RSS feed distributed by Bisnow. Although the article is presumed to originate from a reputable source, JusPost Inc however reserves the right to protect itself and herein affirms that it is NOT the author or copyright owner of this article, nor does it warrant or guarantee that the content of this article is 100% accurate and without prejudice. Furthermore, JusPost Inc declares that it has not modified, nor sold or redistributed this article for profit, and has credited it with the proper source link.
Small Data Centers Are The Wave Of The Future

Small Data Centers Are The Wave Of The Future

As more and more consumers watch movies on Netflix, jump on their phones to google the location of a restaurant or summon an Uber, the demand for data centers that handle this internet traffic is expected to keep growing over the next few years.
But demand and new development slowed down in many top data center markets this year, including Northern Virginia, the nation’s top market. Net absorption there in the first half of 2019 was down 40% from the same period in 2018, according to JLL, and panelists at Tuesday’s DICE Midwest, Bisnow’s data center conference, said changes in the…


Please note:

This article was imported from an external RSS feed distributed by Bisnow. Although the article is presumed to originate from a reputable source, JusPost Inc however reserves the right to protect itself and herein affirms that it is NOT the author or copyright owner of this article, nor does it warrant or guarantee that the content of this article is 100% accurate and without prejudice. Furthermore, JusPost Inc declares that it has not modified, nor sold or redistributed this article for profit, and has credited it with the proper source link.
Condo Deconversions Continue As City Council Considers Tightening Restrictions

Condo Deconversions Continue As City Council Considers Tightening Restrictions

A Chicago City Council committee will vote Wednesday on whether to make it more difficult to complete the deconversion of condominium buildings into rental apartments, but in the meantime, such deconversion sales continue.
Kiser Group’s Rick Ofman and Andy Friedman just brokered the $12.5M sale of Dover Court Condominiums, at 4601 North Dover St. in Uptown, to Neriel Lagoon LLC, which plans to convert all 64 units to apartments.
“For over a year and a half we had been receiving unsolicited offers to purchase the property,” said Michael Wolff, a condo board member. “We decided to hire a broker that would represent…


Please note:

This article was imported from an external RSS feed distributed by Bisnow. Although the article is presumed to originate from a reputable source, JusPost Inc however reserves the right to protect itself and herein affirms that it is NOT the author or copyright owner of this article, nor does it warrant or guarantee that the content of this article is 100% accurate and without prejudice. Furthermore, JusPost Inc declares that it has not modified, nor sold or redistributed this article for profit, and has credited it with the proper source link.
Healthcare Clusters Are Coming To Chicago, And Could Fill Big Holes In The Landscape

Healthcare Clusters Are Coming To Chicago, And Could Fill Big Holes In The Landscape

Experts believe Chicago lags behind cities like Boston and San Francisco when it comes to nurturing communities dedicated to scientific investigation, and is squandering its potential to be a research hub.  
That may be about to change.


Please note:

This article was imported from an external RSS feed distributed by Bisnow. Although the article is presumed to originate from a reputable source, JusPost Inc however reserves the right to protect itself and herein affirms that it is NOT the author or copyright owner of this article, nor does it warrant or guarantee that the content of this article is 100% accurate and without prejudice. Furthermore, JusPost Inc declares that it has not modified, nor sold or redistributed this article for profit, and has credited it with the proper source link.
Industrious Gives Accenture Tower Another Boost

Industrious Gives Accenture Tower Another Boost

The delay of WeWork’s IPO has many questioning the flexible workspace business model, but in Downtown Chicago, providers keep expanding, and Industrious is just the latest firm to boost its presence. Company officials said Tuesday it will double its space in Accenture Tower, 500 West Madison St., from roughly 46K SF to more than 93K SF.
It is the second big win in the last several months for KBS Real Estate Investment Trust III, owner of the 40-story tower that sits above the Ogilvie Transportation Center. Earlier this summer, Accenture, a global professional services company, expanded its space by 152K SF to a…


Please note:

This article was imported from an external RSS feed distributed by Bisnow. Although the article is presumed to originate from a reputable source, JusPost Inc however reserves the right to protect itself and herein affirms that it is NOT the author or copyright owner of this article, nor does it warrant or guarantee that the content of this article is 100% accurate and without prejudice. Furthermore, JusPost Inc declares that it has not modified, nor sold or redistributed this article for profit, and has credited it with the proper source link.