CAP MARKETS: SHOW RESTRAINT

Chicago has had a slower recovery than the other major gateway markets in the US, says Zeller Realty Group founder Paul Zeller, who will share his thoughts on the Chicago office market to a full house at Bisnow's State of Office event April 24 at Trump Chicago.
 
Paul posits that there will be "an interesting flight to quality" in the office market, "particularly if the capital markets can show some restraint and not field another round of new development." More development, he tells us, is something the market currently does not need. (So no soliciters, please.)
 
And yes, Paul added, "there will be some exciting sculpture news to be announced at a future date." As a patron of public art, Paul put "Forever Marilyn" by Seward Johnson at Pioneer Court on Michigan Avenue, but we've always had a soft spot for the outsized statue Paul put there before that: Seward's "God Bless America," featuring the American Gothic duo.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Chicago Newsletters
Related Stories

Salesforce Plans Innovation Hub Downtown: The D.C. Deal Sheet

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Morningstar Releases New Details On Over 350K SF In Q3 Office Leases

Master Plan Is Underway For Southwest D.C., Chief Federal Planner Says

New Bears Stadium Proposal Floated For Bridgeport

BXP Execs See Better Returns In Building Offices Than Buying Them

Prologis To Develop 3.8M SF Industrial Park On Former Casino Site

Foundry Robotics Leaves San Francisco For New East Bay HQ

Tenant Rep Firm Expands To Philly, Hires Industry Veteran

$120M Ambulatory Center Planned For Suburbs: The Chicago Deal Sheet

Data Centers Lose The Top Spot, San Francisco Jumps 40 Places: 9 Takeaways From ULI's 2027 Outlook

The Las Vegas-Style Sphere Just Outside D.C. Is A Go