CRE News: What We’re Reading the Week of June 3

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 June 3.

Rendering of 1000 W. Fulton St.

Rendering of 1000 W. Fulton St.

  • Google Inc. is exploring moving its Chicago office from River North to the West Loop, where it will need to lease more than 200,000 square feet to allow for its expanding workforce. Google is expected to move into a 540,000 square foot warehouse at 1000 W. Fulton St. that is being converted into an office building. The move is expected to greatly reshape the Fulton Market-Randolph area by bringing “instant legitimacy” to an area where major office tenants have yet to arrive.
Proposed Maxwell Shopping Center

Proposed Maxwell Shopping Center

  • Although commercial real estate lending remains sluggish, the proposed South Loop Maxwell shopping center secured $53.4 million in construction financing from BMO Harris and PrivateBank & Trust Co. Construction has already started on the 230,000 square foot project near Roosevelt Rd. and Canal St. and is expected to open in September 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.
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