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 April 22.
- As sustainability continues to be a top priority in the commercial real estate industry, BOMA International compiled a list of Top 10 Efficiency Tactics for Commercial Buildings – including regular energy audits, installing solar shades, instituting tenant energy awareness programs and more. The number one tip: measure and manage energy usage and water consumption.
- Deutsche Bank AG may be setting a new precedent in the commercial real estate industry as it sells off pieces of the John Hancock Center. Segmenting the 100-story, 856,000 square foot architectural landmark has boosted the building’s value to an estimated $410 million.
- Congratulations to Hines Interests and 300 North LaSalle as the building received LEED Platinum certification. The 57-story, 1.3 million square foot building’s green features include river-water intakes for condenser water, a recycling program, low-flow water fixtures, a green roof and motion detector lights. Hines also offers its proprietary Green Office program, to assist in giving tenants options to reduce their carbon footprint.
Global research firm Mintel set up its North American headquarters along the Chicago River with a 30,000 square foot space on the 11th floor of 333 W. Wacker. The firm was drawn to the building’s contemporary design and is utilizing a new open office concept of unassigned seating, with no private offices and a primary work zone of open bench desks with 215 work stations.
- Hillshire Brands Co. is moving its headquarters to the West Loop at 400 S. Jefferson. Chicago-based real estate investor and developer Sterling Bay Cos. brokered the nearly $100 million transaction, making it the highest price per square foot deal for a Chicago office building since the beginning of 2012.
What CRE or Chicago news headlines from the past week captured your interest? Leave us a comment and let us know.