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

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 24.

  • The John Hancock Center will undergo a $45 million renovation as the new owners Hearn Co., Mount Kellett Capital Management L.P. and Lynd Co plan to spruce up the 100-story skyscraper, including new outdoor gathering areas and general aesthetic improvements. The ownership group purchased the building’s 856,000 square feet of office space and 710-car parking deck for an estimated $145 million.

    What to expect: The downtown Blackhawks victory parade after the 2010 Stanley Cup win

    What to expect: The downtown Blackhawks victory parade after the 2010 Stanley Cup win

  • Google bought an additional 32,000 square feet of office space in the Merchandise Mart for its Motorola Mobility unit, adding to its existing 770,000 square feet of new office leases throughout Chicago over the past year. The company plans to move 2,000 Motorola Mobility employees from north suburban Libertyville to the new space by early 2014.

    500 W. Madison St.

    500 W. Madison St.

What CRE or Chicago news headline 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, Chicago News and Events, Uncategorized and tagged , , , , , , , , , . Bookmark the permalink.

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