CRE News: What We’re Reading the Week of October 24

Each week, The Elevator Speech summarizes news related to some of the key industry trends, buildings, deals and dealmakers that shaped headlines. Here’s what caught our attention the week of October 24:

  • FedEx Corp. recently opened a new, 175,000-square-foot package sorting center at O’Hare International Airport with a green roof – the largest at a U.S. airport and the largest on a freestanding building in the Chicago area. It is expected to reduce air pollution, storm water runoff and energy costs by 35% per year, or about $1.4 million over the roof’s life.
  • Block 27 at 22 W. Washington St.

    Block 37 office tower at 22 W. Washington St.

    Chicago won Forbes’ “America’s Best Downtowns” for being the most accessible and pedestrian-friendly while boasting “some of the finest architecture on the planet.”

  • Chicago area’s retail vacancy percentage fell for the sixth consecutive period in Q3 2011, to 9.6 percent from 9.7 percent, according to CB Richard Ellis. Although local retail leasing continues to gradually improve, landlords and brokers are braced for a slow recovery.

What headlines caught your attention this week? Leave us 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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