Chicago loft office market heats up as big firms invest – In Other News – Crain’s Chicago Business

December 31, 2016

Chicago’s loft office buildings, once the realm of mom-and-pop real estate investors, are attracting some unexpected newcomers.

Goldman Sachs, Credit Suisse and billionaire Neil Bluhm’s Walton Street Capital, all accustomed to spending hundreds of millions of dollars at a time in real estate deals, are among the big players investing in relatively small brick-and-timber buildings in neighborhoods like River North and the West Loop.

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Law Firm Pre-Leases Six Floors in 155 N. Wacker Tower – CoStar Group

The law firm of Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates pre-leased about 165,000 square feet in the proposed office tower at 155 N. Wacker Drive in downtown Chicago.

The law firm will occupy six floors in the 46-story, 1.1 million-square-foot building, which will sit at the southeast corner of Wacker Drive and Randolph St.

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He’s got this place wired; are tenants ready to connect?


Steven Levin is poised to develop one of Chicago’s hottest technology addresses at 247 S. State St. — or become a landlord with a lot of expensively wired empty space.

His speculative, $36-million transformation of the former Lytton Building into a hip haven for growing technology companies is scheduled to begin this month. The city-backed project is the first of an anticipated handful of…