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Tom’s Recommended Reading for the Week Blackstone to Buy Willis for $1.3 Billion – Blackstone Group LP has agreed to buy the iconic Willis Tower for $1.3 billion, the most ever paid for a US office building outside of Manhattan, the Wall Street Journal reported last night. The sellers, New York-basedJoseph Chetrit and Joseph Moinian and Skokie, IL-based American … Read more

Tom’s Recommended Reading for the Week Blackstone in talks to buy Willis Tower – Willis Tower, Chicago’s tallest building, may soon have an equally big owner: Blackstone Group, the world’s largest private equity real estate owner. New York-based Blackstone has a preliminary agreement to pay almost $1.5 billion for Willis Tower, according to a person familiar with its plans. … Read more

Tom’s Recommended Reading for the Week Chicago Named “Top Metro” for New and Expanding Companies – Mayor Rahm Emanuel today announced that for the second year in a row, Chicago was named the “Top Metro” in the nation* for corporate investment by Site Selection magazine, considered the “industry scoreboard for corporate investment and relocation professionals… World Business Chicago Chicago’s … Read more

Tom’s Recommended Reading for the Week Dolce Living Communities buys vintage Loop office building from Hamilton Partners – A Florida residential developer bought a 115-year-old LaSalle Street office building, likely signaling another change in a nook of the Loop where several vintage office properties are being reincarnated… Crain’s Chicago Gogo to expand at Sterling Bay building in West … Read more

Tom’s Recommended Reading for the Week Fresh Thyme grocery chain to move to Downers Grove, open Elston store – An organic grocer that plans an ambitious expansion across the Midwest has inked deals for two more Chicago-area stores as it prepares to move its headquarters to Downers Grove from Phoenix. Fresh Thyme Farmers Market signed a 15-year lease … Read more

Tom’s Recommended Reading for the Week 2015 Healthcare Outlook – The market for medical office real estate (MOB) has changed dramatically during the last few years. Once a fringe product type, MOB is inching towards the spotlight as a main-stream real estate investment. The space, once dominated by a handful of healthcare REIT’s, has expanded… RE Journals Chicago’s Civic … Read more

Tom’s Recommended Reading for the Week Coworking 2.0: Collaboration meets privacy in the workplace – Last year marked the 50th anniversary of the cubicle, and while few people dispute the impact this workplace wonder has had on office design and culture, most agree that cubicles have come to symbolize the old way of doing business. Today, companies have … Read more