Each week, The Elevator Speech summarizes news related to some of the key events, buildings, deals and dealmakers that shaped headlines. Here’s what caught our attention the week of September 5:
- Although the local commercial real estate market is bouncing back, Chicago’s CRE hiring outlook has shifted downward.
- “Superman: Man of Steel” began filming in downtown Chicago this week. The Willis Tower and the Chicago Board of Trade are just a few Chicago buildings that will star in the film.
- Ten years after 9/11, the Willis Tower has overcome fear of an attack and adapted to the post-9/11 era. BOMA/Chicago’s Executive Vice President, Michael Cornicelli, was quoted in the article regarding a shortwave radio network that links downtown Chicago buildings to enable faster information sharing during emergencies.
- Although commercial real estate prices in Chicago and the rest of the U.S. remain volatile, demand for office space in downtown Chicago remains very high. Rents on Wacker Drive are among the highest in the country at $39.40 per square foot, according to a new survey by Jones Lang LaSalle.
- Cushman & Wakefield signed a 10-year lease at 200 South Wacker Drive, a joint venture including Sam Zell. The move will nearly double the real estate company’s current office space in the NBC Tower.
What headlines caught your attention this week? Leave a comment and let us know.