News
CAPITAL IDEAS
September 18, 2009
| Capital market forecasts are much easier to swallow this year; still we wore armor to yesterday's NAIOP Breakfast at Riverway Auditorium to hear experts from CBRE, Grubb & Ellis, and JLL. |
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| Plans to dress alike only seem to have reached CBRE's Jack Durburg and J.F. McKinney's Jack McKinney. But MB Real Estate's Danny Nikitas and Lincoln Property's John Grissim still look sharp. Danny is excited about his recent deal to put Regus in 321 N. Clark, formerly occupied by Staubach. So many people were involved, he joked, "I probably owe someone money." |
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| On the panel: CBRE's Blake Johnson and JLL's Bruce Miller, plus CBRE's Michael Caprile and Grubb & Ellis' Paul Lundstedt. Bruce says that Chicago's downtown office rents haven't compressed like on the coasts, so we're not seeing foreign investment coming back at the same rates. Panelists also agreed that the CMBS market got much more press than it deserved, since it's such a small part of the actual market. |
