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June 21, 2022

This Week's Chicago Deal Sheet

Oxford Hotels & Resorts Founder, President & CEO John Rutledge Joins Chicago Hotel & Restaurant Real Estate Aug. 18

Abbott Laboratories has leased more than 100K SF on two floors in the Willis Tower in hopes of attracting employees reluctant to travel to the company's north suburban headquarters.

This Week's Chicago Deal Sheet

Crain’s Chicago reported the healthcare and medical devices company will build out the new space on the 25th and 26th floors — an expansion that could bring up to 450 workers downtown. With the new satellite office, Abbott's first in downtown Chicago, the company hopes to retain workers as…

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Top Stories on Bisnow.com

Single-Family Rents Make Another Record Jump Single-Family Rents Make Another Record Jump
Commercial Construction Starts, Plans Increase Despite Recession Warning Signs Commercial Construction Starts, Plans Increase Despite Recession Warning Signs
Inflation Prompting Consumer Grocery Pullback, Retailers To Discount Big Items Inflation Prompting Consumer Grocery Pullback, Retailers To Discount Big Items
Cushman & Wakefield Must Produce Documents For AG Investigation: Appeals Court Cushman & Wakefield Must Produce Documents For AG Investigation: Appeals Court
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U.S. Cities Score Big With World Cup Bids, Gear Up For Work To Come

Sixteen cities across North America were chosen Thursday to host the 2026 FIFA World Cup, resulting in rejoicing among soccer fans and economic development officials alike, but there’s still competition to be had among the winning cities, setting up further economic wins for the selected cities.

U.S. Cities Score Big With World Cup Bids, Gear Up For Work To Come

Getting on the list of winning cities for the first World Cup to land in the U.S. since 1994 is widely seen as a boon for local economies, but just how much cities stand to benefit depends on how many games they’re able to secure, or if they’re lucky enough…

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Weekend Interview: CA South Founder And CEO Meg Epstein

This series gets into the heads of the decision-makers of CRE, the people shaping the industry by setting investment strategy, workplace design, diversity initiatives and more.

Meg Epstein launched development firm CA South in 2016, when she was 28 years old.

She started out buying residential projects in Nashville in 2014 and since founding CA South has expanded to industrial, residential, office and mixed-use development across Tennessee. The firm has $1B under development across 10 projects topping 1M SF. 

Still, CA South's primary focus has remained on Nashville, in particular reimagining residential projects along the waterfront to appeal to the influx of people to Nashville from the coasts. Epstein can bring her own experience to bear in this strategy; she grew up in California and began her development career there before moving to Nashville. She is driven to build unique buildings with a focus on creative architecture and said too many institutional investors “crank out the same unimaginative buildings over and over.”

Though her work keeps her busy on land, Epstein also loves to take to the skies and seas through her private pilot's license and bareboat charter sailing certification. 

The following has been lightly edited for clarity and style.

Weekend Interview: CA South Founder And CEO Meg Epstein

Bisnow: Tell us about your leadership philosophy and what experiences, words of advice or mentors shaped it along the way. Epstein: My leadership philosophy can be summed up as wanting to create a “super meritocracy.” That means we reward results alone and not how many hours you work, popularity or how…

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Chicago’s Retail Forecast Is Looking Sunnier As Pandemic Clouds Lift Chicago’s Retail Forecast Is Looking Sunnier As Pandemic Clouds Lift
 
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Data Centers Don't Have To Be Water Hogs. But Even In A Record Drought, Some Still Are

Data Centers Don't Have To Be Water Hogs. But Even In A Record Drought, Some Still Are  

With a record drought sweeping the Southwest, the massive amount of water used to cool some data centers has come under increased scrutiny. Critics say the data center industry — and some of the world's largest technology companies — aren't employing the most efficient methods and are using far more water than necessary. 

In order to cool their halls filled with thousands of heat-producing servers, all but the newest data centers use massive amounts of water: roughly 3 million to 5 million gallons per day.  Yet despite the strain data centers can place on water resources, data center developers love the desert, where the…

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