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March 9, 2023

Not Everyone Agrees Affordable Housing Is The Answer To LaSalle Street's Woes — Even Those Lining Up To Bring It

With LaSalle Street facing an office vacancy rate of more than 25%, the highest in Chicago, developers agree the office-dense neighborhood is in urgent need of a remake. But whether affordable housing-heavy development is the solution is a matter of some debate, even among the five developers vying to participate in outgoing Mayor Lori Lightfoot's signature LaSalle Street Reimagined initiative that was unveiled last year.

Not Everyone Agrees Affordable Housing Is The Answer To LaSalle Street's Woes — Even Those Lining Up To Bring It

“I think hotels make more sense than affordable housing by a long shot,” said Mike Reschke, chairman and CEO of The Prime Group. “Hotels bring in a tremendous economic revenue to the city.”The Prime Group has two projects on the city's shortlist of candidates for millions in potential tax increment financing…

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Newmark Continues Hiring Spree, Adds Industrial Vet Jack Fraker To Growing DFW Capital Markets Team

Newmark is continuing its aggressive hiring strategy with the addition of capital markets veteran Jack Fraker. Fraker has been named the firm’s president and global head of industrial and logistics, according to a news release. Prior to joining Newmark, Fraker worked for nearly two decades in the capital markets industrial practice at CBRE. He left CBRE in January 2022, according to his LinkedIn profile.

Newmark Continues Hiring Spree, Adds Industrial Vet Jack Fraker To Growing DFW Capital Markets Team

“Newmark is known in the industry for having a deep bench of talent and prioritizing client needs through an entrepreneurial culture and the strength of its capital markets practice,” Fraker said in a statement. “The palpable spirit of collaboration and vision among Newmark professionals led to my decision to join…

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Not So Lonely At The Top: Why Miami Real Estate Is ‘Very Much Ahead’ On Elevating Women Leaders

When Julia Tuttle convinced Henry Flagler to extend his Florida railroad down to her large citrus farm on Biscayne Bay, she was not only the first person to see the value in the place that would become the city of Miami, she also became — and remains — the only woman credited with founding a major U.S. city. More than 120 years later, Miami is flourishing beyond Tuttle’s wildest dreams. Last year, the Financial Times called it “the most important city in America” as corporate wealth, and the real estate industry’s attention, has migrated from New York, California and Chicago. But Miami commercial real estate isn’t important just because it’s uncommonly successful, but also because it is uncommonly diverse, especially at the highest levels of business, local industry leaders say. Some of the country's most important female CRE leaders work in the Magic City.

Not So Lonely At The Top: Why Miami Real Estate Is ‘Very Much Ahead’ On Elevating Women Leaders

“South Florida is very much ahead of a lot of other markets,” said Stephanie Rodriguez, Colliers’ national director of industrial services, who lives in Miami. “I think that women rising to leadership roles in that area is just representative of the landscape of the region. It’s a cultural melting pot,…

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Girl Scouts To Open First-Ever DreamLab In Denver To Build On National Real Estate Model

Girl Scouts To Open First-Ever DreamLab In Denver To Build On National Real Estate Model   The Girl Scouts of the USA are celebrating their 111th anniversary by launching a new “DreamLab” prototype in Denver and are gearing up to open more around the U.S. The DreamLab concept is designed to build upon the Girl Scouts’ national real estate model, which includes camps, offices and centers dedicated…

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