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October 5, 2023

Can Chicago Become The Nation's Climate Innovation Capital? State, Local Leaders Want $1B To Find Out

With So Many Warehouses Coming Online, How Are Industrial Brokers And Owners Wooing New Users And Tenants? Learn More Nov. 8

Out with the Rust Belt, in with Green Belt — that is, if Illinois Gov. J.B. Pritzker and Chicago Mayor Brandon Johnson have their way. 

The pair announced the formation of the Chicagoland Climate Investment Alliance on Thursday, a multiparty effort to support the commercialization of climate technologies and address climate challenges through technology and innovation.

The first order of business: submitting a $1B proposal entitled the Rust Belt to Green Belt Initiative to the Environmental Protection Agency's Clean Communities Investment Accelerator.

Can Chicago Become The Nation's Climate Innovation Capital? State, Local Leaders Want $1B To Find Out

The accelerator is at the heart of President Joe Biden’s Inflation Reduction Act, which was signed into law in 2022 and provides tax credits to industries committed to transitioning to a greener economy, per Bloomberg. "I'm fully committed to…

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Nightingale Strikes Deal To Pay Back CrowdStreet Investors By Selling Its Assets

Nightingale Strikes Deal To Pay Back CrowdStreet Investors By Selling Its Assets  

Nightingale Properties has reached a tentative settlement with CrowdStreet investors that would reimburse them for the tens of millions that Nightingale’s embattled CEO, Elie Schwartz, misappropriated over the past year. 

The agreement could see investors receiving quarterly installments of roughly $4M over the next three years as the New York-based commercial real estate investment firm liquidates portions of its portfolio to satisfy the capital lost by investors who were led to believe they were buying slices of prime office buildings in Atlanta…

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Malls Aren’t Going Away. Enabled By Technology, They’re Becoming Modern Community Cornerstones

PRESENTED BY:   Xfinity Communities
 
Malls Aren’t Going Away. Enabled By Technology, They’re Becoming Modern Community Cornerstones  

Attracted by beloved national brands and food chains, people once gathered in malls across the nation to socialize and shop, making them the heart of many American communities.  The retail landscape, however, continues to undergo seismic shifts. Although mall traffic, sales and occupancy rates are trending up as they recover…

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How Hydrogen’s $46B Surge Will Fuel Real Estate

How Hydrogen’s $46B Surge Will Fuel Real Estate  

Investment in North American hydrogen production jumped by nearly two-thirds year-over-year to $46B in 2023, driven by the federal government’s march toward clean energy and private industry’s simultaneous efforts to power commercial fleets with electrification.

With those billions in investment come opportunities for commercial development to deliver both the manufacturing capabilities and the distribution hubs for this unconventional, but growing, fuel source.

“The momentum around the world is to consider ways in which hydrogen can be used as a fuel,” Fuel Cell & Hydrogen Energy Association President Frank Wolak said. “There's two real estate thrusts you're going to see in the creation of hydrogen fuel facilities — the facilities themselves, with power…

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