CRE News: What We’re Reading the Week of July 22

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 July 22.

  • After a long bidding process, the Broe Group signed a 62-year lease deal to manage the Port of Chicago. The private equity and management firm plans to invest $500 million to modernize the port over the next 10 years, which will improve Chicago’s overall infrastructure and could generate hundreds of new jobs.
Willis Tower

Willis Tower

  • Acadia Realty Trust continues to expand its local acquisition portfolio with the $22.5 million purchase of a high end retail property at 8-12 E. Walton St. in Gold Coast. Acadia paid nearly $2,729 per square foot for the fully leased 8,244 square foot property.
Rendering of Wrigley Field renovations

Rendering of Wrigley Field renovations

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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