CRE News: What We’re Reading the Week of August 12

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 August 12.

 10 and 120 S. Riverside Plaza towers


10 and 120 S. Riverside Plaza towers

  • In another sign of strong investor demand for Chicago hotels, both the Renaissance hotel DoubleTree hotel are up for sale. The buildings at 1 W. Wacker and 300 E. Ohio, respectively, demonstrate that investors are bidding up Chicago downtown hotel prices amid rising occupancies and room rates, and overall heightened visitation and activity in and around the Loop.
Rendering of planned Chicago Lakeside Development

Rendering of planned Chicago Lakeside Development

  • A collaboration between the University of Chicago, Argonne National Laboratory, Computation Institute, Skidmore, Owings & Merrill and McCaffery Interests is underway to develop a framework for the Chicago Lakeside Development. The framework is necessary for developers to navigate the complex interplay between energy, water and waste along the 600-acre lakefront development, which will eventually be home to 50,000 people and millions of square feet of commercial, retail and public space.

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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