CRE News: What We’re Reading the Week of July 29

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 29.

  • Cappex relocated from Highland Park to downtown Chicago, with plans to expand its technical talent. The startup – whose web-based tools match students with colleges and scholarship opportunities – moved its office to West Monroe and South Franklin streets, and continues the trend of suburban-based companies moving operations downtown to appeal to the younger workforce.

    300 S. Riverside Plaza

    300 S. Riverside Plaza

Rendering of DePaul Arena and adjacent hotel

Rendering of DePaul Arena and adjacent hotel

  • Chicago-based real estate investment firm General Growth Properties plans to buy a building at 830 N. Michigan Ave. for an estimated $148 million. Although the 126,000 square foot, six-story building is anchored by fashion retailers, approximately 60,000 square feet of the building is still available for office and retail use.

What CRE or Chicago news headlines from the past week captured your interest? Leave us a comment and let us know.

About BOMA/Chicago

The voice of Chicago's office building industry since 1902.
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