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 May 14:
- The NATO Summit in Chicago is just days away. Earlier this week, dozens of protesters rushed into the Prudential Building, which houses President Obama’s campaign headquarters, to kick off what they called the “Week Without Capitalism.” The Catholic Worker movement organized the demonstration, and eight protestors were arrested.
- Hines Interests L.P. is preparing to break ground on a 45-story office tower on the Chicago River without lining up tenants in advance. The proposed 900,000-square-foot tower at 444 W. Lake St. is the first downtown Chicago spec office development in 14 years.
- After about a year and a half, all traffic lanes on Congress Parkway were opened this week, marking the near completion of an $18 million streetscape beautification project. In addition, the Chicago Tribune released a map of the street closures and potential traffic delays during the NATO Summit.
- One of Chicago’s fastest-growing companies, PLS Financial Services, will move its headquarters to 1 S. Wacker Dr. PLS will relocate from the Fulton Market meatpacking district to the 40-story office tower.
- Chicago Title Insurance Co. is moving to 10 S. LaSalle St. from its namesake longtime headquarters at 161 N. Clark St. Chicago Title leased 86,207 square feet in the building, and will occupy floors 30 through 32.
What headlines caught your attention this week? Leave us a comment and let us know.