CRE News: What We’re Reading the Week of July 25

Each week, The Elevator Speech summarizes some of the key events, buildings, deals and dealmakers that shaped headlines. Here’s what caught our attention for the week of July 25th:

111 W. Wacker Drive

111 W. Wacker Drive

  • Related Midwest completed its acquisition of the Waterview Tower project. The company plans to convert the stalled structure at 111 W. Wacker Drive into a 65-story, 500-unit luxury apartment building.

  • Everyone is talking about the debt ceiling battles going on in Washington and the impact of a default on the federal government; but a default could significantly affect Chicago‘s interest rates and credit markets, too.



  • Michigan Plaza

    Michigan Plaza

    Unilever will sublease about 22,125 square feet at Michigan Plaza to Guerrero Howe LLC, a publishing company that is relocating from 28 E. Jackson Boulevard to the 1.9-million-square-foot office complex.


  • Steadfast Networks added another 6,800 square feet to its lease at 725 S. Wells Street. There’s less than 10,000 square feet of built-out space in the downtown Chicago area available for data center developers now.

What headlines caught your attention this week? Leave a comment and let us know.

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About BOMA/Chicago

The voice of Chicago's office building industry since 1902.
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