Investors Want "B"

MB Real Estate president John T. Murphy says watch for acquisitions in the Central and West Loop. Recently, institutional money has an appetite for Class B office buildings. Hear more from John and a great lineup at Bisnow’s 4th Annual State of the Markets, Palmer House Hilton. Register here!

 
John says he’s looking for well-located office buildings with “high-quality vacancy,” meaning that they can be easily upgraded, and he expects to see several attractive properties come to market soon. His leasing team has been very busy, with deals like the 110k SF of new leases at 500 W Madison for AIG and Navteq. Still, a note of caution was sounded thanks to Eurozone troubles and the decrease in tenants’ space needs for each employee and for servers.
 

Continue reading this story with a free account

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

Gaming & Leisure Stays Bullish On Bally's Casino Project Despite Delays

The Geo Group To Reopen 2,329-Bed Immigration Facility In Texas

What's At Stake For CRE In Tuesday's U.S. Midterm

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

New Bears Stadium Proposal Floated For Bridgeport

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

Obama Center Shows Chicago Is Starved For Development