Search
 
Event Coverage

Middle Market Digest-The Midwest

The latest deals, personnel moves and trends in the Midwest region.

CHICAGO—Yesterday, JLL held its Chicago 2025 forecast event. I’ll have more to say about the event on Monday, but a notable aspect was the location. Rather than the typical downtown hotel, all of which begin to look the same after a while, JLL brought several hundred of the region’s commercial real estate players to Venue West, an event space at 221 N. Paulina St. on the Near West Side. It was definitely a statement by JLL on where they think professionals will focus their attention in the next seven years. The spot still feels a bit out of the way, but it’s just to the west of 1KFulton, the regional headquarters of Google and now a thriving office and retail hub. Chris Kelly, the co-founder of Convene, which creates amenity centers for entire buildings and even portfolios, was the keynote speaker. He sketched out a grand vision of where commercial real estate can go. Although some have said rental rates are hitting a ceiling, he believes that the new commercial model, where tenants are wrapped in experiences and amenities, will greatly boost the value of real estate. He drew an analogy with what has happened with phones. Consumers who once would never pay more than $150 for a flip phone now think nothing of buying an iPhone for $900.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Brian J. Rogal

Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.

More from this author

Recommended Stories

GlobeSt. Net Lease Spring 2025Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.