Bradford Allen Acquires 100-Key Hotel at Westgate Entertainment District in Glendale, Ariz.

Ten With Ben 017: Meet Eric Janssen

With Aloft Glendale at Westgate, firm expands national hospitality platform to 800 keys across six assets CHICAGO/GLENDALE, Ariz. — Bradford Allen, a national full-service real estate firm, today announced its investment arm has acquired Aloft Glendale at Westgate, a 100-key hotel in Glendale, Ariz. Located at 6920 N. 93rd Ave., the hotel marks the firm’s … Read more

Year-End 23 Suburban Chicago Office Market Report

Bradford Allen is pleased to share with you our latest office market report. The second half of the year in the suburban office market: Leasing activity remained above pre-pandemic levels with more than 5.2 million s.f. leased through 2023. Absorption remained negative with -930,000 s.f. absorbed through the back half of 2023, resulting in -1.2 … Read more

Q4/23 Downtown Chicago Office Market Report

Bradford Allen is pleased to share with you our latest office market report. This quarter in the downtown office market: Absorption remained negative with -530,000 s.f. absorbed through Q4/23, resulting in a total of -1.6 million s.f. of net absorption through 2023. The direct vacancy rate surpassed 20% in the CBD. Available sublease space on … Read more

Bradford Allen Submits Plan for 300-Unit Mixed-Use Development in Arlington Heights, Ill.

Along with new medical office building, project to help revitalize neighborhood with apartments and retail CHICAGO, IL — The development arm of Bradford Allen, a Chicago-based national real estate investment advisory, has formally submitted plans for a mixed-use development in Arlington Heights, Ill., to village officials. Located just north of Interstate 90, at the southeast … Read more

CRE Office Pulse 008: Tracking Chicagoland’s Return to the Office

While hybrid and remote work are here to stay, the benefits of in-person collaboration are compelling. Both employers and employees increasingly see the value of returning to the office, and tracking these trends reveals important insights, like the relative success of the suburban office markets. Still, for Chicago’s CBD, the long-term fundamentals remain strong and … Read more

CRE Office Pulse 007: Chicago Remains a Top Prospect

For corporate headquarters decisions, Chicago ranks well among its competitors, and the reasons companies chose the city prior to the pandemic have remained relatively unchanged. The diverse talent pool, favorable location, extensive transit options and relatively less expensive cost-of-living creates an ideal situation for employers and employees. Even though the pandemic created a structural shift … Read more

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