With a 58.5 percent share, a bachelor’s degree in a business-related field is by far the most popular choice amongst Chicago undergraduates. Approximately 75.0 percent of Chicago’s downtown residents age 25 and up have a bachelor’s degree or higher (3 times the national average) and 36.0 percent have graduate degrees (3.5 times the national [...]
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Chicago’s office investment market sizzling
The news last week that two more office towers here are trading hands — for a combined total of more than $500 million — is just the latest sign that investors are extremely bullish on the Windy City. Crain’s Chicago Business reported that CBRE Global Investors will pay about $300 million for the 50-story tower [...]
Andy Cvengros to speak at Chicago Data Center Summit
Data Centers have become an increasingly important component of the commercial real mix and our JLL Data Centers team has been at the forefont of providing best-in-class solutions for data center owners and users. On June 27th, our own Andy Cvengros (at left) will be one of several featured speakers at the Second Annual Greater [...]
LIVE BLOG: BisNow Chicago Industrial Summit
JLL’s own Trevor Ragsdale (left) is moderating a panel discussion at today’s BisNow Industrial Summit that also includes CenterPoint Properties’ Jim Clewlow, Venture One Real Estate’s Mark Goode, KTR Capital Partners’ Ryan Stoller and Sitex Group’s Cary Goldman. Here’s a live run-down of the proceedings: 8:15 a.m. Goldman: “We’ve had manufacturers from various industries come [...]
Industrial opportunities abound along I-39 Corridor
Our JLL Industrial team was recently selected as the new exclusive marketing agent for the Rock 39 Industrial Park and the Loves Park Corporate Center along the I-39 Logistics Corridor near Rockford. The two properties are comprised of a combined 340 acres and offer shovel-ready sites for build-to-suit facilities of up to 1.5 million SF. [...]
Happy birthday, Aon Center!
Chicago’s Aon Center — home to Jones Lang LaSalle’s global headquarters — is turning 40 this year. The occasion recently caught the attention of the popular commercial real estate newsletter BisNow, which published a story featuring the building’s leasing agents, JLL’s Steve Smith and Mike Curran. Click here (and scroll down to second item) to read [...]
Five global trends shaping the future of corporate real estate
Earlier this week, our JLL Corporate Solutions team released its second biennial survey on global trends in corporate real estate. More than 600 CRE executives from 545 large companies (ie, more than 1,000 employees) in 39 countries shared their insightsand helped to identify five global trends that will impact the future of corporatre real estate. They are [...]
Nooshin Felsenthal named to first-ever Crain’s Chicago Business ’20 in their 20s’ list
Jones Lang LaSalle has been known throughout the industy for years as the home to some of commercial real estate’s brightest young talent. Now, the media is beginning to take notice as well. This week, Nooshin Felsenthal, Vice President in our Capital Markets Group, was included on Crain’s Chicago Business‘s first-ever “20 in their 20s” list of young, [...]
Chicago named one of the 10 ‘happiest cities’ for young professionals
It may come as no surprise to those of us who call the city home, but Chicago got some positive publicity recently when it was ranked No. 4 on a new list of the “Happiest Cities for Young Professionals” published by the online career site CareerBliss.com. Chicago ranked behind San Jose, San Francisco and Washington [...]
Jones Lang LaSalle recognized for ethics and integrity
For the sixth straight year, JLL has been recognized by the Ethisphere Institute as one of the “World’s Most Ethical Companies.“ In addition, the firm was also recently named one of “America’s Most Trustworthy Companies” by Forbes magazine and one of the “100 Best Corporate Citizens” by CR Magazine. Click here to read more about [...]
Walgreens HQ sale-leaseback offering reflects national trend
The Jones Lang LaSalle Capital Markets team has been hired to pursue the sale-leaseback of the six-building, 575,000-SF Walgreen Co. headquarters complex in north suburban Deerfield, part of a larger national trend toward single-tenant net-lease transactions. According to Jones Lang LaSalle Research, single-tenant net-lease transactions are expected to top $40 billion in 2013, up from [...]
Hope on the horizon for the suburban office market?
The time is right to move or renegotiate your company’s office lease inthe Chicago suburbs. According to new Jones Lang LaSalle Research findings cited in this story by Crain’s Chicago Business, the vacancy rate in the suburbs fell to 24.4 percent in Q1 2013 thanks to more than 135,000 square feet of positive net absorption. [...]
JLL upping its Retail game in Chicagoland
Crain’s Chicago Business recently published an extensive report on the work the JLL Retail team is doing to expand its presence here in Chicago. In the story, JLL Midwest Retail Director Mark Hunter details the group’s plans to double the size of its Chicago retail team and leasing/management portfolio over the next five years. (The firm got [...]
JLL marketing former Gold Coast night spot for City of Chicago
As part of the company’s role as commercial real estate advisor to the City of Chicago, Jones Lang LaSalle is actively marketing an 8,000-square-foot restaurant in Chicago’s Gold Coast that was bequeathed to the city by the family of its former owners after it closed. The restaurant space, located at 1300 N. Astor Street, was [...]
What Willis Tower can learn from the John Hancock Center
As was reported recently by Crain’s Chicago Business, the owners of Chicago’s John Hancock Center have boosted its overall value to $410 million by cutting the building into pieces (ie, office, retail, SkyDeck, etc.). In the story,JLL office investment sales expert Bruce Miller tells Crain’s that the owners of Willis Tower have something to learn [...]
Steve Smith: Economics improving for Chicago landlords
Steve Smith, head of the JLL Landlord Leasing group in downtown Chicago, recently penned this commentary piece for the national commercial real estate magazine Real Estate Forum. In it, Steve discusses how the combination of increasing demand and no new costruction (a new office tower won’t open here until 2016 at the soonest) portends a decrease [...]
2013 Chicago Skyline Report takes a peek inside Chicago’s top office buildings
The 2013 edition of Jones Lang LaSalle’s annual Chicago Skyline Review is hot off the presses, and the results are already catching the eye of the Chicago business media. The report — which analyzes the stacking plans of the CBD’s 54 most important office buildings and gives a snapshot of the overall leasing climate here [...]
The Wall Street Journal profiles JLL Americas CEO Lauralee Martin
New JLL Americas CEO Lauralee Martin (left) recently sat down with The Wall Street Journal to discuss the global condition of the commercial real estate industry and JLL’s position as a worldwide leader within the industry. Lauralee also shared her views on key markets and businesses for investments, securing opportunities that drive value for the firm and [...]
Chicago Sun-Times profiles JLL CEO Colin Dyer
JLL CEO Colin Dyer was recently the subject of a cover story (see left) in Grid, the new Chicago Sun-Times Sunday business section. In his interview with reporter Matt Present, Colin discusses Chicago’s emergence as a global city, changing office environment, and sustainability, among other topics. Click here to read the entire interview.
