Suburban landlords are following along with a national trend of spending some big money on office redevelopment. According to this article in GlobeSt.com, a local company in the Northwest suburban submarket of Chicago is redeveloping an A- asset, to an upgraded A+ asset. The article explores the success some submarkets have found through these renovations, despite the elevated vancy rate plaguing the suburbs. Click here to read the original article on GlobeSt.com.
This article from REJournals.com is about the new development plans in the works for Northwest Indiana. The development site is about one hour southeast of Chicago, it already boasts a waterfront, economical housing prices, and miles of greenery. Despite the potential,the article explores the challenges this area faces, such as the lack of business owners and how the city officials and community plan to address it to become an economic success story. Read the original article at REJournals.com.