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March 2, 2023

'A Virtuous Circle': Healthcare Meets Affordable Housing In Model Chicago Development

Mixed-use housing developments commonly feature retail space, fitness centers and restaurants, but another offering is being added to the mix in one low-income Chicago neighborhood: healthcare. Ogden Commons in Chicago’s North Lawndale neighborhood is part of a growing affordable housing trend that is seeing hospitals and clinics open smack in the middle of the communities they serve. For healthcare organizations, the arrangement brings real estate cost savings and a prominent location for services. For residents, it offers care just steps away, as well as homes for medical workers.

'A Virtuous Circle': Healthcare Meets Affordable Housing In Model Chicago Development

“How we've described it ... is a virtuous circle that combines housing, healthcare and jobs, and all of those things exist in tandem on the site," said Jeff Head, vice president of development for Habitat Co.'s Habitat Affordable Group.Habitat is developing the project that will include medical offices from Sinai…

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Foundation Led By Mark Zuckerberg And Priscilla Chan Selects Chicago For $250M Biotech Hub

Chicago will be the home of a new $250M biotech research hub funded by a group led by Facebook founder Mark Zuckerberg and his wife, Dr. Priscilla Chan — beating out fellow finalists San Diego and New York City for the project and positioning the city closer to its goal of becoming a top-tier life sciences player.

Foundation Led By Mark Zuckerberg And Priscilla Chan Selects Chicago For $250M Biotech Hub

A joint research effort between the University of Chicago, Northwestern University and the University of Illinois Urbana-Champaign was selected Thursday to operate the Chan Zuckerberg Biohub Chicago, the Chan Zuckerberg Initiative’s second such facility nationally. The first CZ Biohub was founded in San Francisco in 2016, the Chicago Tribune reported.Illinois Gov.…

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Brokerages Turn To Other Areas Of Business As Leasing, Capital Markets Revenues Plummet

The nation’s largest brokerage firms are doubling down on areas outside of leasing as turmoil in the economy stymies transactions across the U.S.

Brokerages Turn To Other Areas Of Business As Leasing, Capital Markets Revenues Plummet

Revenue earned through capital markets and leasing took a significant hit in the fourth quarter, a period when deal volume historically ticks up as investors rush to deploy capital before year’s end. But as interest rates sidelined deals, other business lines posted impressive gains, and executives are counting on segments less prone…

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The Idea That Prime Property Outperforms Is A Myth, New Research Says

The Idea That Prime Property Outperforms Is A Myth, New Research Says   New research from one of the world’s largest fund managers has challenged a longstanding truism — that the best quality commercial real estate outperforms more average property. A new paper from the European research team at AEW, which has €85B ($91B) of real estate assets…

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