From Fear And Anger To Standing Ovations: There’s No Shortcut For Community Engagement On New Developments

From Fear And Anger To Standing Ovations: There’s No Shortcut For Community Engagement On New Developments

As attendees filed into Bisnow’s Emerging Neighborhoods event at an office redevelopment in Chicago’s Pilsen neighborhood in December 2018, they came face to face with the growing challenge of developing in residential areas with perceived gentrification risk.
Protesters representing neighborhood group Pilsen Alliance lined the doorway to Condor Partners’ Mural Park project, railing against what they saw as an invading force of real estate speculators.
Condor partner Michael McLean watched with embarrassment as an increasingly common dynamic in commercial real estate played out in an uncommonly dramatic form: Residents and representatives of changing neighborhoods are fighting back harder than ever when they feel excluded or ignored by…


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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.
CBRE GI Ramps Up Amenities To Raise Occupancy In A Time Of Low Unemployment

CBRE GI Ramps Up Amenities To Raise Occupancy In A Time Of Low Unemployment

CBRE Global Investors recently signed three new leases or renewals at Chicago’s 150 North Michigan, part of 196K SF in leasing activity since it bought the iconic slant-roofed tower at the corner of Michigan Avenue and Randolph Street in 2017 for $121M. Company officials said the East Loop tower is now 87% leased, and partly attribute that success to a new national amenity program, first rolled out last year at 150 North Michigan and then nearly 20 other properties nationwide.


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.
Upcoming Property Tax Hikes May Not Be As High As Feared

Upcoming Property Tax Hikes May Not Be As High As Feared

Cook County landlords have been waiting in suspense ever since the night in 2018 when Fritz Kaegi claimed victory in his bid to unseat former Cook County Assessor Joe Berrios. He promised during that campaign to rebalance the tax burden between homeowners and commercial property owners, claiming that Berrios had for years gone easy on the latter group.
Fears of higher commercial taxes is widely blamed for shaking investor confidence in the market, but a new study released today by Cushman & Wakefield may soothe some of those worries.
The firm used Kaegi’s reassessment of the northern suburbs, completed last year, as…


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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.
World’s Largest Starbucks Becoming A Tourist Attraction

World’s Largest Starbucks Becoming A Tourist Attraction

The world’s largest Starbucks store opened on Chicago’s Magnificent Mile just before Thanksgiving, and the location at 646 North Michigan Ave. quickly became a destination for shoppers from around the region.
Attracting coffee drinkers from afar helped keep the five-floor, 35K SF Starbucks Reserve Roastery, a former flagship Crate & Barrel store, busy throughout the Christmas season, with nearly 50% of the customers traveling from more than 30 miles away, according to Placer.ai, a Los Altos, California-based foot traffic analytics platform that analyzes cellphone data. 
That is welcome news for all nearby retailers. The Magnificent Mile was known for generations as the Chicago…


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.
Preckwinkle And South Suburban Mayors Band Together To Revive Chicago’s Southland Region

Preckwinkle And South Suburban Mayors Band Together To Revive Chicago’s Southland Region

There has been a great deal of talk recently about reviving interest and investment in Chicago’s South and West Sides, believed by many to receive far less attention than the city’s splendid and expanding downtown. But other portions in the metropolitan area also suffer from disinvestment and neglect, especially the south suburbs, and a new coalition led by Cook County Board President Toni Preckwinkle wants to change their trajectory.    
Setting such plans in motion is not easy for such a huge region, which stretches 14 miles from Chicago’s southern border down to Cook County’s border with Will County, and…


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.
Unique Cannabis Industry Needs Driven CRE Professionals, Not Cheech And Chong

Unique Cannabis Industry Needs Driven CRE Professionals, Not Cheech And Chong

The new recreational cannabis industry entices many with thoughts of riches, but anyone who gets involved must deal with the stigma attached to the use and sale of the product, which is illegal under federal law. Banks, potential investors, landlords and municipal authorities often put up resistance, and need a lot of convincing before agreeing to cut deals with cannabis cultivators and retailers.
That makes cannabis unlike any other commercial real estate sector, and overcoming its stigma requires marshaling teams of real estate professionals who can fully answer the flood of questions directed at any potential operator, according to experts at Bisnow’s Chicago Cannabis…


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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.