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March 10, 2020

This Week's Chicago Deal Sheet

Chicago-based The Habitat Co. started construction on Phase 1 of Ogden Commons, a $200M mixed-use project in Chicago’s North Lawndale neighborhood. It’s a public-private partnership between Habitat, Sinai Health System, Cinespace Chicago Film Studios, the Chicago Housing Authority and the city of Chicago. When completed, the 10-acre development is slated to offer 120K SF of commercial and retail space and more than 350 mixed-income housing units.

This Week's Chicago Deal Sheet

“It’s our mission to build impactful developments, and Ogden Commons will create a positive ripple effect in the neighborhood for years to come,” Habitat President Matt Fiascone said. “Not only will it bring the first new outpatient facilities to the area in more than 20 years, but the project will…

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McCormick Center Loses Another Major Convention As Coronavirus Worries Grow

McCormick Center Loses Another Major Convention As Coronavirus Worries Grow  

Another large convention set for Chicago’s McCormick Place Convention Center was canceled due to worries over the spread of the novel coronavirus. The American College of Cardiology expected to draw about 19,000 attendees to its three-day annual meeting starting March…

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‘No Room For Error’: The Essential Role Of Preconstruction In Healthcare

PRESENTED BY:   Leopardo
 
‘No Room For Error’: The Essential Role Of Preconstruction In Healthcare  

Few construction projects are as complex as those done in healthcare facilities. Besides contending with the intricate network of mechanical and electrical systems that wind through the walls, healthcare contractors must interface with dozens of owner-assigned vendors and subcontractors, from site-work experts to medical equipment manufacturers. Adding to the complexity,…

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Beyond The Bio: 16 Questions With Core Spaces Founder Marc Lifshin

This series profiles men and women in commercial real estate who have profoundly transformed our neighborhoods and reshaped our cities, businesses and lifestyles.

Marc Lifshin is the founder and CEO of Core Spaces, a developer and owner of off-campus, mixed-use student housing.

He received a bachelor of science degree in general engineering from the University of Illinois, and worked for Vail Resorts and IKON before starting his own real estate development company, LG Development Group, in 2002. The evolution of that company, including segmentation into student housing, hospitality and multifamily, led to the formation of Core Spaces.

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Shipping Giants Are Furiously Building Warehouses Around A Handful Of Inland Logistics Hubs

 

As major U.S. companies seek to capitalize on international freight connectivity and industrial growth, many are zeroing in on Middle America over coastal gateway markets. 

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Bisnow Survey: CRE Fears Coronavirus Will Cause A Recession, Worries About Impact On Construction

The commercial real estate sector is increasingly worried the coronavirus will spark a recession, and some businesses are already being hit by the economic impact of the virus’ spread.

Bisnow surveyed 864 commercial real estate professionals to find out how the industry is responding to the coronavirus, which causes the disease COVID-19.

The majority of survey respondents, or 70%, said they were concerned that the coronavirus could affect the global markets and lead to a recession.

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