CRE News: What We’re Reading the Week of March 18

Each week, The Elevator Speech summarizes news related to some of the key industry trends, buildings, deals and dealmakers that shaped headlines. Below are articles that caught our attention the week of March 18.

An aerial view of Chicago’s Midway Airport

An aerial view of Chicago’s Midway Airport

  • In the latest move toward the privatization of Midway Airport, the City of Chicago selected six private investor/operator groups as potential bidders, narrowing the pool from 16. The candidates are companies that invest in or operate airports around the world. In the coming weeks, the City will share information on the qualified parties with Midway to determine next steps.
  • DePaul University ruled out the United Center as a possible home for its men’s basketball team, instead turning its attention to a site near McCormick Place to build a new facility. Two potential site options: a 3.67-acre parcel at 330 E. Cermak Rd. and a 1.23-acre parcel at 230 E. Cermak are both expected to go up for auction next month.
320 W. Ohio St.

320 W. Ohio St.

  • Colliers International represented Industrious, a new office sharing startup firm, in a new 17,000 square foot lease at 320 W. Ohio St. in Chicago’s River North, a neighborhood becoming increasingly popular with consulting and technology firms. Industrious expects to begin welcoming new tenants by June 2013 and a handful of others by mid-2014.

What CRE or Chicago news headlines from the past week captured your interest? 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.
This entry was posted in Chicago CRE industry and philanthropy, Chicago News and Events, Uncategorized and tagged , , , , , , , , , , , , , . Bookmark the permalink.

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