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May 16, 2023

Bally’s Unveils New ‘Neighborhood-Oriented’ Chicago Casino Design After Clearing Regulatory Hurdle

Chicago's Aldermen Join Us At Construction & Development To Discuss How They're Fostering Development In Their Wards

Bally’s Corp. has released new renderings and named a development team for its $1.7B casino and mixed-use entertainment complex on the heels of securing a formal nod to commence from the Chicago Department of Planning and Urban Development earlier this week.

Bally’s Unveils New ‘Neighborhood-Oriented’ Chicago Casino Design After Clearing Regulatory Hurdle

Bally’s said in a release Friday it plans to begin construction in late 2024 now that it has cleared its last hurdle before seeking final approval from the Illinois Gaming Board to operate in Chicago.The project, expected to bring 3,000 jobs to the city, will include a casino, food hall and…

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‘There’s A Degree Of Wonder’: Why New AI Tools May Finally Be The Tech That Shakes Up Real Estate

‘There’s A Degree Of Wonder’: Why New AI Tools May Finally Be The Tech That Shakes Up Real Estate  

Across the real estate industry, people are conducting their own tiny experiments to see how new artificial intelligence tools can help them do their jobs better.

Writing a first draft of a pitch. Finding a site for a retail tenant. Defining to whom they want to sell a product, service, or even a building.

Over the past two decades, the adoption of new tech has been a top-down process, and while real estate has been a laggard, AI tools like ChatGPT are being played with and prodded to see what they can do. 

Real estate may not be at the head of the pack when it comes to the use of AI. Yet large language model tools like ChatGPT, developed by OpenAI, are already being widely used, bringing the potential to dramatically change what it means to work in CRE, and raising philosophical and practical questions along the way.

“Everyone has heard of it, everybody wants to experience it,” JLL Technologies CEO, Leasing & Capital Markets Technology Amit Koren told Bisnow.  While younger CRE workers are more likely to utilise AI technology on their own initiative, unprompted by the company, a huge number of…

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How ChatGPT Will Change Real Estate — In Its Own Words

How ChatGPT Will Change Real Estate — In Its Own Words  

Bisnow asked ChatGPT to write a 500-word article on the impact of large language models on commercial real estate, giving examples. Here's what it produced. We'll leave it to readers to decide whether Bisnow's journalists should be replaced by ChatGPT any time soon.  Artificial intelligence is revolutionizing industries across the board,…

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A Huge Tenant At Icahn's Atlanta Tower Is Backing Away From Its Space

A Huge Tenant At Icahn's Atlanta Tower Is Backing Away From Its Space  

When the Center for Global Health Innovation struck a deal to lease 200K SF at a Midtown Atlanta tower owned by Icahn Enterprises at the end of 2021, it planned to create a coworking environment where healthcare, life sciences, biotech and other nonprofit organizations could unite under one roof.

But the CGHI has put those plans on ice after the organization was unable to raise the necessary funds, Bisnow has learned.

"Despite the overwhelming industry support and significant pre-construction demand for the space, the project does not have the public and private funding needed to move ahead at this time,” CGHI Board Chair Gary Reedy told Bisnow  in an email on Friday. “We will delay our plans for the building and assess…

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