Don't see images? Click Here SUBSCRIBE FOR FREE MANAGE EMAIL PREFERENCES
Bisnow - (Almost) Never Boring
November 24, 2020

This Week's Chicago Deal Sheet

[Digital Summit] Don't Miss Fifield Realty Corporation, Belgravia Group & More As They Discuss The Midwest's Multifamily Market Dec. 3

Lendlease and The John Buck Co., along with partner Intercontinental Real Estate Corp., completed the townhome residences at Porte, a two-tower mixed-use development at 855 West Madison St. in Chicago’s West Loop. The two-story, two-bedroom rental townhomes feature private entrances along Peoria and Monroe streets.

Designed by GREC Architects, Porte spans a full city block bordered by Madison Street to the north, Monroe Street to the south, Peoria Street to the west and Green Street to the east. It includes the 17-story apartment towers and 586 total residences.

This Week's Chicago Deal Sheet

“Rental townhomes are a rare offering in the downtown apartment market and especially in the West Loop, which is why we wanted to offer them as an alternative to the existing for-sale inventory in the neighborhood,” Lendlease Executive General Manager of Development Ted Weldon said in a statement. “These floor plans…

Read the full story here.

  Share:  
 
Perforation

Top Stories on Bisnow.com

Data Center IT Never Stops Evolving. Digital Twins Can Help Data Center Facilities Evolve With it Data Center IT Never Stops Evolving. Digital Twins Can Help Data Center Facilities Evolve With it
DataBank Breaks Ground on Third Minnesota Data Center Amid Investment Blitz DataBank Breaks Ground on Third Minnesota Data Center Amid Investment Blitz
WeWork Expanding On-Demand Offering Nationwide After Successful NYC Pilot WeWork Expanding On-Demand Offering Nationwide After Successful NYC Pilot
Trump OKs Transition To Biden After Pressure From CRE Execs, But Still Won't Concede Trump OKs Transition To Biden After Pressure From CRE Execs, But Still Won't Concede
Perforation

City Council Passes Lightfoot's $94M Property Tax Hike

City Council Passes Lightfoot's $94M Property Tax Hike

It wasn’t one of the almost-unanimous votes frequently secured by her predecessors, but on Tuesday, Mayor Lori Lightfoot got a win when the Chicago City Council approved her $12.8B budget for 2021.This year’s coronavirus pandemic had opened a gap between projected revenues and…

Read the full story here.

  Share:  
 
Perforation

Black Friday Just Part Of One Long, Weird Shopping Season This Year

The Black Friday of yore was already in flux before the coronavirus pandemic. As consumers shifted to online shopping, the enticement to stand in a line in the wee morning hours for a $99 flat-screen waned. Why go through all that when you can just stay home and shop online?

But while online shopping gradually reshaped Black Friday over the years, the coronavirus has rapidly changed what’s perhaps the central element of the day. 

“Black Friday was always about getting as many people in the stores as possible, but now it’s almost the opposite,” said Michael Baker, a retail analyst with D.A. Davidson Cos.

Read the full story here.

 
Perforation

In Case You Missed It...

Restaurant Closings Could Accelerate As Winter Sets In And COVID Restrictions Squelch Business Restaurant Closings Could Accelerate As Winter Sets In And COVID Restrictions Squelch Business
Obama Presidential Center Finally On The Verge Of Construction Obama Presidential Center Finally On The Verge Of Construction
Chicago's Affordable Housing Crisis Could Escalate Next Year Even With A Vaccine Chicago's Affordable Housing Crisis Could Escalate Next Year Even With A Vaccine
Chicago's New Building Code Avoids Speed Bumps And Is Set To Keep Rolling Forward Chicago's New Building Code Avoids Speed Bumps And Is Set To Keep Rolling Forward
Bringing A Casino To Chicago Won't Mean Easy Money Bringing A Casino To Chicago Won't Mean Easy Money
 
Perforation

CRE’s Next Generation: Built-ID’s Bridget Wilkins On Why Property Is Losing The Global War For Talent

 

This series asks rising stars in commercial real estate about their thoughts on some of the biggest issues facing the industry, including inequality, climate change and technology.

For Built-ID Director of Community Engagement Bridget Wilkins, the real estate sector faces a stark choice. Change, and change fast, or risk becoming irrelevant to the next generation of talented young workers.

“Many of us are driven primarily by a social purpose, and as a result, prioritise having a positive impact over other more traditional aspirations, like financial success and long-term job security,” she said when asked how her generation of property professionals differs from those that have gone before. “We are now competing in a global war for talent and unless CRE accelerates its focus on engaging and employing diverse people, rather than just meeting reporting targets, we will continue to lose brilliant, passionate people to competing industries.”

Read the full story here.

 
 
       
 
You are receiving this email because you are either a member of the Bisnow community, have attended a Bisnow event, because you have a legitimate interest in real estate news and events because of your profession, or because of your business associations, memberships or partnerships.
 
This email was sent to: newsletter.archives@bisnow.com
 
   
 
123 William St, Suite 1505, New York NY 10038
Newsletter Approval Code: 44040