Ryan Ori

1 week ago | costar.com | Ryan Ori

Owners of trophy office towers in big U.S. cities may have reason to feel like it’s 2019, the pre-pandemic time when workers pushed through crowded lobbies and elevators to log in for the day. Class A+ buildings in major markets are exceeding 90% of pre-pandemic use on peak days, according to a midyear report from building security firm Kastle Systems. That use reaches 94% on Tuesdays, the top day for in-person work.

1 week ago | costar.com | Ryan Ori

Owners of two historic office buildings in downtown Chicago want to convert them into a combined 150 apartments, adding to the list of similar projects locally and throughout the country. Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success. This news story is available exclusively to CoStar subscribers. Sign Up For a Demo To Learn More. Explore CoStarAlready A Subscriber? Sign InHave feedback or questions? Email us at [email protected]

1 week ago | costar.com | Ryan Ori

More than five years after the global pandemic jarred the hospitality industry, a developer is changing designs and brands to try to kick off a long-planned hotel in Chicago’s River North. Porritt Group is seeking to amend plans with the city for a hotel it plans to build on a surface parking lot at the corner of Hubbard and LaSalle streets, 42nd Ward Alderman Brendan Reilly informed constituents in an email Wednesday. Under the new plan for 150 W.

2 weeks ago | costar.com | Ryan Ori

Months after buying a Chicago office complex near O’Hare International Airport and vowing to invest extensively in upgrades and leasing costs, the owners of Presidents Plaza have landed a new tenant, expanded another and kept a third in a reduced space. Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success. This news story is available exclusively to CoStar subscribers. Sign Up For a Demo To Learn More.

2 weeks ago | costar.com | Ryan Ori

A Long Island investor agreed to acquire one of Chicago’s tallest skyscrapers at a fraction of its peak value after other buyers in recent years have been unable to finalize discounted deals for the 65-story office building. Great Neck, New York-based Kohan Retail Investment Group is under contract to purchase the approximately 1.3 million-square-foot tower at 311 S. Wacker Drive, according to people familiar with the situation. The deal is preliminary and still could fall apart.