As CRE Cyber Threats Grow, Study Says Middle Market Companies Are The New Targets

As CRE Cyber Threats Grow, Study Says Middle Market Companies Are The New Targets

By now, most commercial real estate executives know that they can fall prey to a cyberattack, and many companies have already taken precautions to safeguard their transactions, data and privacy.
But with the number of data breaches growing, those precautions may not be enough to secure CRE companies — even small ones — against ransomware, malware and phishing. Worse, executives’ confidence in their companies’ preparation might be blinding them to glaring vulnerabilities.
According to RSM’s 2019 Special Report on Cybersecurity, middle market companies have become more popular prey for hackers, phishers and other malicious actors looking to steal valuable information and make…


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Suburban Office Buildings Getting Connected

Suburban Office Buildings Getting Connected

GlenStar Properties just achieved certifications from WiredScore for its 2.7M SF portfolio of Class-A commercial office properties in suburban Chicago.
Officials from the developer and investor, which owns properties throughout both the suburbs and the Central Business District, said this is the first complete suburban portfolio to get certifications from the New York City-based WiredScore, which developed these international standards to highlight best-in-class connectivity.   
The tech improvements are part of a movement by many suburban landlords, including GlenStar, to upgrade their properties with amenities that compare favorably to or equal the top buildings in Chicago’s CBD. 
“In order to attract and retain…


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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.
Investment Not Flowing Equally To All Chicago’s Neighborhoods

Investment Not Flowing Equally To All Chicago’s Neighborhoods

Chicago has seen a number of political earthquakes in the past year or so, and much of the change was driven by fears the city was splitting into two sections — one increasingly wealthy and flush with investment, and the other increasingly abandoned and starved for capital.

Although this debate is frequently framed as downtown vs. the neighborhoods, a new study by The Urban Institute shows the disparities are much broader, and could increasingly leave behind whole sections of the city, making it unlikely they will truly recover from the lasting impacts of the Great Recession.


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ICSC RECon Attendees Feel Cautious Excitement About What Comes Next For Retail

ICSC RECon Attendees Feel Cautious Excitement About What Comes Next For Retail

If any of the roughly 30,000 people attending this week’s International Council of Shopping Centers’ RECon event in Las Vegas needed an illustration of the profound trials facing the world of retail, they only needed to watch the news. 
Ascena Retail Group announced Tuesday it would close all 650 of its Dressbarn stores, the latest in a growing line of well-known brands, including Toys R Us and Sears, to undergo massive closures. 
But for all the scary headlines, many conference attendees found the gathering quite optimistic. The initial shock that accompanied the rise of Amazon and other online retailers wore off a long time ago, and…


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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.
Investors Showing A Lot Of Love For Submarket Around O’Hare Airport

Investors Showing A Lot Of Love For Submarket Around O’Hare Airport

Glen Una Management Co. just joined the rush of investors looking to stake a claim in the O’Hare Airport submarket, one of the most active in the Chicago region’s industrial sector.
The San Francisco-based firm purchased a 182K SF industrial portfolio at 1900-2000 Carboy Drive in Mount Prospect, Illinois, just north of O’Hare, according to Avison Young officials who negotiated the sale. Tenants have leased 90% of the property. 
“Investors continue to focus on the O’Hare industrial market, which has seen significant investment, leasing and development activity in recent years,” Avison Young principal Erik Foster said. 
Along with his colleagues Mike Wilson, Chris Lydon and Chris Tecu, Foster…


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Recent Sale Shows Well-Located Suburban Retail Draws National Interest

Recent Sale Shows Well-Located Suburban Retail Draws National Interest

This week at the International Council of Shopping Centers’ RECon event in Las Vegas, there was a lot of talk about how investors were willing to put their money into the retail sector, as long as the properties are in the best locations, preferably with tenants not threatened by competition with e-commerce.
A California-based investor did just that by buying 22nd Street Plaza in the affluent suburb of Oakbrooke Terrace for $21M. CBRE’s George Good and Christian Williams represented seller Kimco Realty Corp.
The 176K SF shopping center is 100% leased and anchored by a Home Depot, an outlet which The Street considers…


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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.
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