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The company will buy the James R. Thompson Center, a 17-story building that occupies a full city block in the central Loop district and was designed in the early 1980s by architect Helmut Jahn. The deal is valued at $105 million, before renovation.
As the larger tech sector has experienced a valuation reset, venture capital investors in proptech are taking a much more careful stance, wanting to see a clear path to profits.
How one private equity real estate firm is trying to bring flexible industrial facilities to the market in U.S. cities with its Portal Warehousing offering.
Businesses ranging from Pfizer Inc. to Silvercup Studios will fund the Homeless Assistance Fund that will provide services to people living on the streets or experiencing mental illness.
One Medical, whose parent is called 1Life Healthcare Inc., operates 182 medical offices in 25 markets in the United States. Customers pay a subscription fee for access to its physicians and round-the-clock digital health services.
The billionaire Spanish retail owner's property holdings rose to $15.6 billion, according to a statement from Pontegadea, the firm that manages his fortune, similar to the value recorded pre-pandemic.
