Chicago’s Real Estate Resilience: Top Deals and Market Shifts

Explore the dynamic shifts in Chicago's commercial real estate market in 2024, with significant transactions across retail, hospitality, industrial, and office sectors. Discover the impact of high interest rates and the growing demand for data centers, as highlighted by the $508 million Sheraton Grand Riverwalk Hotel sale. This episode provides insights into the challenges and opportunities shaping Chicago's real estate landscape.

Sources:
https://therealdeal.com/chicago/2024/12/24/chicago-top-commercial-deals-2024/
https://minnlawyer.com/2024/12/24/a-lot-of-unknowns-face-commercial-real-estate-lawyer-consultant-say/
https://www.businessinsider.com/commercial-real-estate-office-interest-rates-risks-industrial-trump-2024-12
https://www.hindustantimes.com/real-estate/year-ender-2024-top-5-commercial-lease-deals-in-the-mumbai-real-estate-market-101734113548932.html

Outline:
(00:00:00) Introduction
(00:00:43) Here are Chicago’s top commercial real estate deals of 2024
(00:03:35) ‘A lot of unknowns’ face commercial real estate, lawyer, consultant say
(00:06:14) Higher interest rates, oversupply, and rising costs have battered commercial real estate. Will 2025 be different?
(00:09:29) Year Ender 2024: Top 5 commercial lease deals in the Mumbai real estate market