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February 7, 2023

This Week's Chicago Deal Sheet

Verano EVP, Legal & Real Estate, Chris Fotopoulos To Join National Cannabis Real Estate Feb. 16
Tishman Speyer announced lease extensions with Katten and Chubb at its 525 West Monroe St. office building in Chicago’s West Loop.

This Week's Chicago Deal Sheet

Katten was one of the first tenants to commit to the building when it was completed in 1983. The law firm will keep its 204K SF headquarters at 525 West Monroe. Tishman Speyer will create two new outdoor terraces exclusively for Katten as part of the new lease.Tishman Speyer also…

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Chicago Suburb To Pay $800K Settlement After Barring Sober Living Facility From Residential Area

The village of Hinsdale has agreed to pay $800K to settle a lawsuit alleging the community in Chicago’s western suburbs violated the Fair Housing Act when it denied a sober living facility the right to operate in a residential neighborhood.

Chicago Suburb To Pay $800K Settlement After Barring Sober Living Facility From Residential Area

The Department of Justice first brought suit against Hinsdale in November 2020, alleging the village denied reasonable accommodations to Trinity Sober Living LLC to operate a sober living home for 10 adults and a house manager.The DOJ alleged the city sued Trinity for a zoning code violation one day after it requested…

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Lincoln Property Company Commercial Announces Major Investment, New Leadership

Lincoln Property Company Commercial Announces Major Investment, New Leadership   Lincoln Property Company Commercial is expanding its business in the U.S. and overseas following a strategic investment by Connecticut-based Stone Point Capital. The Dallas-based company’s growth and succession plan also includes the appointment of two new co-CEOs, David Binswanger and Clay Duvall, according to a press release.The pair succeeds Lincoln founder and Chairman Mark Pogue and CEO and President Bill Duvall, both of whom will remain part-owners of the company. Greg Courtwright will continue as Lincoln’s chief operating officer, per the release. “We’re delighted to have a world-class partner in Stone Point Capital to help drive…

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In Case You Missed It...

Cranes Are Up On Chicago’s South And West Sides For First Time In Decades Cranes Are Up On Chicago’s South And West Sides For First Time In Decades
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Multifamily Operators Go Into High Gear To Prepare For Electric Vehicle Future Multifamily Operators Go Into High Gear To Prepare For Electric Vehicle Future
Bridging The Bid-Ask Divide: Brokers On Getting Past 'Who's Going To Blink First' Bridging The Bid-Ask Divide: Brokers On Getting Past 'Who's Going To Blink First'
 
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EXCLUSIVE: Gender Imbalance In Senior Real Estate Leadership Roles Is Getting Worse

EXCLUSIVE: Gender Imbalance In Senior Real Estate Leadership Roles Is Getting Worse   The proportion of women in senior leadership roles in UK real estate has worsened in the past six years, a comprehensive new industry survey revealed, with a blockage at middle management level a key cause of the problem. A survey undertaken every two years by industry body Real Estate Balance found that women made up 27% of the workers in senior leadership positions at the end of 2022, down from 32% in 2016. A total of 32 companies employing 53,000 staff provided data for the survey.On the plus side, the proportion of female employees in senior roles rose from 21% in 2020. Other positive findings included a big fall in the proportion of support staff who are female, indicating women aren’t being confined to lower paid work in real estate, and a rise in female…

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