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August 20, 2020

Office Owners Consider More Expensive Upgrades As Slow Return To Work Continues

[Webinar] Since Coworking Allows Tenants To Quickly Scale Up Or Down, Could It Come Out Of This Pandemic Stronger? Find Out At Office Of The Future: Flexible Space, Open Office & How To Bring Tenants Back In Aug. 27

The return to the workplace has been slower than many office owners expected, leading them to consider costlier measures to make employees feel comfortable entering their buildings. 

Office Owners Consider More Expensive Upgrades As Slow Return To Work Continues

In the early days of the reopening process, owners implemented quick solutions, such as hand sanitizing stations and social distancing signage, but the number of employees coming back to the office has remained lower than many expected.As owners look for ways to make employees more comfortable entering buildings, and as…

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Green Shoots Appearing In Medical Office After Months-Long Deep Freeze

Medical office tenants went into a deep freeze along with everybody else starting in March, hunkering down as the coronavirus pandemic made it impossible to see patients. Making decisions on whether to sign new leases and expand wasn’t practical.

But with many states lifting the restrictions on seeing patients, as well as some medical tenants gaining a better understanding of how the ongoing crisis will impact their business, leasing activity is finally starting to pick up again.

Green Shoots Appearing In Medical Office After Months-Long Deep Freeze

“We are starting to see green shoots in the medical field,” Inventrust Properties Corp. Senior Vice President Matt Hendy said Tuesday during Bisnow’s Chicago Deep Dish: The Retailization of Healthcare webinar.But the type of potential tenants that show up looking for space may change from pre-pandemic days.“We are still in the…

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How A Historic West Loop Office Tower Became A Luxury Hotel

PRESENTED BY:   Leopardo
 
How A Historic West Loop Office Tower Became A Luxury Hotel  

Chicago's city center has been drifting steadily southwest, with new projects and renovations of classic buildings like the Old Post Office inspiring new development in a part of the Loop that has long been overlooked. Local investors >

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WeWork Backs Out Of Fulton Market Leases

WeWork Backs Out Of Fulton Market Leases  

WeWork CEO Sandeep Mathrani promised to cut costs at the oversized coworking giant when he took over in February, and that promise just led to a bite out of the Chicago market. The New York-based company said it was pulling out of two…

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Get Ready: U.S. Firm With Big Plans In UK Sees Growing Demand For Life Sciences Real Estate

LONDON — For IQHQ’s Douglass Cuff, the appeal is obvious. While the office sector is wrestling with an existential crisis, in Boston, the largest life sciences real estate market in the U.S., the garden is rosy. He sees the same trends in the UK, and that is why he has big plans here. 

“Get ready, because demand isn’t slowing,” Cuff, the vice president of UK Real Estate for IQHQ, said on Bisnow’s life sciences webinar. “In a 20M SF market in Boston, there is not one tenant that’s struggling, and companies are bringing their supply chain into the U.S. so they are not reliant on Asia. Because of that level of demand, you are seeing new entrants into the market. When I started 20 years ago, there were only two players, now there are more than 20 in Boston alone.”

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