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March 16, 2023

Chicago's 2023 Women Leading Real Estate Say City Will Emerge Stronger After Rebuilding Year

Listen To A Roundtable Suburban CRE Discussion At Future Of The Chicago Suburbs On March 21
Chicago's 2023 Women Leading Real Estate Say City Will Emerge Stronger After Rebuilding Year

Against the backdrop of one of real estate's rockiest years in recent memory, this year’s Bisnow’s Chicago Women Leading Real Estate event will bring together women from some of the biggest players in the city’s commercial real estate scene at a time their leadership means more than ever.“Undoubtedly, 2023 will continue to be challenging…

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Class A Buildings Continue To Be A Bright Spot In Troubled Chicago Office Market

Chicago's office market is continuing to struggle with negative net absorption and record-high vacancy rates, though Class A buildings are bucking the trend and the suburbs are weathering the storm somewhat better than the city.

Class A Buildings Continue To Be A Bright Spot In Troubled Chicago Office Market

“It’s a little depressing with some of these numbers, but I do see a silver lining,” said Aubrey Englund, executive vice president at NAI Hiffman, who specializes in office tenant representation, of a new report from the firm outlining a sometimes bleak picture of the metro's office fortunes.The city’s Central Business District…

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New Chicago Code Has People Looking For Ways To Prevent Energy — And Money — From Going Through The Roof

PRESENTED BY:   Klein & Hoffman
 
New Chicago Code Has People Looking For Ways To Prevent Energy — And Money — From Going Through The Roof

A new energy code in Chicago is meant to significantly reduce new commercial buildings’ contributions to climate change.But before that can happen, CRE stakeholders need to make sense of the rules the city unveiled at the beginning of the year. Some Chicago-area architects and developers worry that the code, while well-intentioned,…

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REIT Values Tumble As Investors Fear Real Estate Fallout From Bank Failures

REIT Values Tumble As Investors Fear Real Estate Fallout From Bank Failures   The extent of the contagion of the second- and third-largest bank failures in U.S. history over the past week is still unknown, but the values of publicly traded real estate owners have already been infected.The FTSE NAREIT Equity Index, which tracks all U.S. equity REITs, has dropped about 4.6% over the last five days, outpacing the S&P 500's 3% dip over the same period. Investors have had their confidence particularly shaken in office REITs — the FTSE NAREIT Equity Office index dropped more than 12.5%…

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