PHOTO TOUR: UI LABS Grand Opening

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JLL joined Chicago’s technology, business and civic leaders last week at the grand opening of UI LABS, a first-of-its-kind research and development facility in Chicago advancing high-tech commercial innovation.

The collaborative, which brings together universities, industry and government organizations, is focused on innovation that drives economic impact, like its first venture, the Digital Manufacturing and Design Innovation Institute (DMDII). View our photo gallery below for a taste… Read More

Tech, Suburban Migration Fuel Chicago CBD Office Growth

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The downtown office market saw measured growth in the first quarter of 2015, with vacancy down to 12.7 percent and rent up 4.7 percent. But those numbers alone don’t tell the full story.

“The tech boom and suburban migration are not new phenomena, but both classes of tenants continue to drive leasing momentum,” said JLL Senior Vice President Nooshin Felsenthal. “It all comes back to job growth and companies’ desire to attract top-tier talent.”

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Photo credit: Steve Geer

Here are seven secrets behind downtown’s rising office market and its potential for landlord leverage:… Read More

Airline caterers cooking up new facilities near O’Hare

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O’Hare International hosted 70 million passengers last year, making the world’s busiest airport a golden opportunity for the $4.7 billion airline catering industry. Four growing airline caterers, whose new facilities total 370,000 square feet, are enjoying the benefits of O’Hare’s orbit:… Read More

NAIOP Panel Reveals E-Commerce, Industrial Trends Impacting Chicago

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With e-commerce booming, industrial is adapting to new distribution challenges daily. The Chicago market, centrally located and gaining favor among global capital, finds itself at the convergence of those changes.

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JLL’s Kris Bjorson

JLL’s Kris Bjorson, International Director and Head of Retail/E-Commerce Distribution, spoke to a packed auditorium at NAIOP’s All Star Industrial Panel in Rosemont last Thursday.

The panel, which also included LaSalle Investment Management Managing Director Paul White and Panattoni Development Partner John Pagliari, broke down four key market trends affecting global industrial in the Windy City.

Read More

LIVE BLOG: Data Centers in Chicago event

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JLL’s Chicago data center gurus — Matt Carolan, Sean Reynolds and Andy Cvengros — are hosting a discussion on data center activity in the Chicago and U.S. market, the impact data centers are making on companies of all shapes and sizes, and new trends in the marketplace.

Also on the panel are consultant Paul Schlattman of ESD and real estate attorney Michael Rechtin of the law firm Quarles… Read More

LIVE BLOG: JLL CEO Colin Dyer at Executives’ Club of Chicago Global Leaders Luncheon

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JLL CEO Colin Dyer (second from left) is one of three panelists at today’s Global Leaders Luncheon hosted by the Executives’ Club of Chicago. The topic is “Capital Flows and Global Footprint” and the other panelists are David Sayer (second from right), Global Head of Banking for KPMG, and Hung Tran (far right), Executive Managing Director of the Institute of International Finance. The panel is… Read More

College-educated Millennials making their mark on Chicago

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It’s no secret that Millennials — specifically, Millennials with college degrees — are making their mark on Chicago. For one, they’re the driving force behind the significant growth seen recently in the tech and creative sectors.

But how does Chicago stack up with other U.S. cities in terms of luring these bright young professionals?

According to research published in the New York Times earlier this week, not bad at… Read More

Industrial investors ‘stretching’ for Chicago product

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gateway

Spurred by the prospect of  continued and sustained rent growth, investors are snapping up industrial properties here in Chicago at a record pace .

In the latest such example — a deal brokered by JLL’s John Huguenard and Trevor Ragsdale — Dallas-based Hillwood Development Co. paid nearly $91 million for a 1.4 million-square-foot portfolio of six properties in Joliet, Elgin, Hanover Park, Bolingbrook and Carol Stream.

Hillwood paid roughly… Read More

Quad Cities colocation facility capitalizing on growing trend for data centers

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ColoHub

In its new report, “Sizing the Cloud, Forrester Research estimates that the data center colocation industry will grow to more than $43 billion by 2018, yet another proof point that companies are increasingly turning toward third-party providers to manage key components of their IT infrastructure.

As one data center expert recently put it, “the data center of the future is the one you don’t own.”

In Bettendorf, Iowa, the owners of the 60,000-RSF, 6-MW… Read More

3 questions smart retailers are asking themselves now

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The three questions smart retailers are asking from JLL

1. Are we offering an omni-channel experience?

More and more retailers are striving to build a true omni-channel experience that merges at-home, in-store and mobile commerce into one seamless experience. In other words, if a customer wants to view an item online, purchase it using their phone and pick it up in-store, they can do so in a smooth and effortless way.

Omni-channel… Read More

Categories: Retail.

VIDEO: Office vacancy falling, rents on the rise in Chicago and its suburbs

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Watch the video above to find out more about how the improving economy is spurring Chicago’s CBD and suburban office markets toward a more robust recovery.

Then, click here to download our complete Q2 2014 Chicago Office Market research reports.… Read More

VIDEO: Key trends impacting the tech industry

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The fight for talent. The race toward growth. The need for funding. The speed of innovation.

These trends are the top influencers in today’s tech industry and also have a major impact on a tech company’s real estate strategy.

Watch the video above for current statistics and industry insights and to find out how your real estate strategy is critical in driving growth, boosting profitability and mitigating risk.… Read More

Braintree’s story … and how JLL helped

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The online and mobile payment software company Braintree is making big waves in Chicago.

Watch the video above to learn more about the company’s history and how, with JLL’s help, it will more than double the size of its Chicago headquarters in a forthcoming move to the Merchandise Mart.

And speaking of the Mart … click here to see JLL’s Phil Geiger and others explain to Crain’s Chicago Business why the River North landmark is the new hot… Read More

LIVE BLOG: Chicago’s top CFOs talk real estate with JLL

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JLL CFO Christie Kelly (at left above) is moderating a panel discussion on the role of real estate in today’s corporate world before a gathering of some 50 C-level executives from across Chicago. The event, which is being hosted by JLL, is taking place at the Eataly Chicago food emporium in River North.

Panelists include American Medical Association CFO Denise Hagerty; Coyote Logistics CFO Jonathan Sisler; Robert… Read More

Moving into your first office space: What you should know

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NewOffice

(The following post originally appeared on the Catapult Chicago Blog)

By Corey Siegrist
Vice President, Tenant Representation
JLL Chicago

Ready to move into your own office space but unsure of how to get started? It’s more than just a space search. We often find that tenants new to the office sector fail to realize the associated costs and requirements necessary to make the jump.

Prioritize Needs Versus Wants

You should… Read More

Chicago’s corporate facilities have global reach

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GlobalReach

  • The Chicago metro area is home to more than 1,500 foreign companies, 55 of which are manufacturing firms.
  • Chicago’s skilled workforce and world-class transportation infrastructure — as well as the state’s efforts to reform its pension system — have made the market more attractive to business leaders around the country and around the globe.
  • Site Selection magazine has noted this with its recent inclusion of Chicago and Illinois
  • Read More