CRE News: What We’re Reading the Week of January 27

By BOMA/Chicago

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 January 27.

Members gather at the 2013-14 TOBY/Gold Circle Awards Open Reception on January 30, 2014.

Members gather at the 2013-14 TOBY/Gold Circle Awards Opening Reception on January 30, 2014.

Congratulations to the 2013-14 TOBY & Gold Circle Awards Winners!
Last night’s TOBY/Gold Circle Awards Gala at Chicago’s Union Station was filled with celebration for our industry’s best. Please join us in congratulating this year’s winners!

2013-14 TOBY Award Winners
Over 1,000,000 SF

300 South Riverside Plaza
Managed by Jones Lang LaSalle
Owned by South Riverside Building, LLC

500,000 to 1,000,000 SF
77 West Wacker Drive
Managed by Jones Lang LaSalle
Owned by 77 West Wacker Drive, LLC

250,000 to 499,999 SF
303 West Madison Street
Managed by CBRE, Inc.
Owned by 303 Madison Chicago, LLC

100,000 – 249,999 Square SF
250 South Wacker Drive
Managed by CBRE, Inc.
Owned by Credit Suisse

Earth Award Winner
300 North LaSalle
Managed by Hines Interests
Owned by KBS Realty

2013-2014 Gold Circle Award Winners
Property Management Professional of the Year: David Hopwood, Jones Lang LaSalle
Building Engineer of the Year: Brian O’Kane, Able Engineering/GSA
Security Professional of the Year: Mark Anderson, Jones Lang LaSalle
Emerging Leader of the Year: Kristine Sorenson, CBRE, Inc.
Affiliate Member of the Year: Joe Sergi, Rex Electric & Technologies

BOMA/Chicago Greets Governor Quinn
Last week, BOMA/Chicago President, George Kohl, Executive Vice President, Michael Cornicelli and Director of Government Affairs, Ron Tabaczynski, were on hand to greet Governor Pat Quinn at a reception being hosted in his honor. The Governor has been very supportive of both BOMA/Chicago’s work on energy and our position on energy related legislation.  Last year, the Governor appointed Cornicelli to represent the interests of commercial real estate on the Smart Grid Advisory Council. The meeting gave BOMA/Chicago a chance to brief the Governor about the BOMA Chicago Energy Center’s current Smart Grid Initiative and discuss a few issues likely to be addressed by the Illinois General Assembly during the current legislative session.

Two More Leases for AMA Plaza
ContextMedia, Inc. and SmithBucklin Corporation have signed leases at 330 N. Wabash, also known as the AMA Plaza. Starting in May 2014, ContextMedia will lease the entire 25th floor, a total of 32,650 square feet. SmithBucklin’s lease will expand its space in the building by 4,048 square feet on the 14th floor. With these two leases, AMA Plaza’s occupancy rate is up to 95%.

Two Tenants Sign on for 205 N. Michigan
MB Real Estate, a firm that leases and manages 205 N. Michigan Plaza, has secured two leases for 24,000 square feet of space. The first lease was signed by News America Marketing for 19,000 square feet at 205 N. Michigan, also known as the Michigan Plaza. The firm is relocating from 303 E. Wacker and will occupy the 44th floor. Hanse Orga International Corporation signed another lease for approximately 5,000 square feet on the 41st floor.

Rendering by Sun-Times.

Rendering by Sun-Times.

Lighting Up Chicago
In an attempt to boost Chicago tourism by 10%, or attract 55 million annual visitors by 2020, Mayor Rahm Emanuel has launched a two-pronged campaign under the Elevate Chicago banner. The first initiative of this campaign is opening an international competition to light the city at night. This competition will seek entries from artists, architects, planners and designers from around the world. The installation of lights will start with the river and eventually extend throughout the city. The second initiative, which will begin this year, is for Chicago to host a citywide celebration of the Chinese New Year. This celebration is expected to grow each year until it is the biggest in North America. This year’s celebration will run from January 31 through February 14. For more information, read Mayor Emanuel’s press release on the continued growth of Chicago tourism.

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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