Illinois Real Estate Journal February 2016 : Page 1

VOL.16 NO.19 ©2016 LAW BULLETIN PUBLISHING CO. FEBRUARY 2016 DIRECTORIES (pg.13): Environmental Construction Firms, Real Estate Law Firms, Top Brokerage Firms Shifts in healthcare dynamics continue to fuel medical office investment By Mike Wilson Principal Avison Young he medical office segment has been a hot commodity for several years, fueled by an abundance of capital, shifting p at i e nt Mike Wilson care dynamics, and other factors. In 2015, there was a record $11.1 billion in investment seen nationally in this sector (Source Real Cap-ital Analytics). While some of the most active HEALTHCARE COLUMN (continued on page 10) T Multifamily construction not stopping anytime soon in Downtown Chicago A view of MILA’s rooftop. The development is scheduled for completion in mid-August 2016. By Stephanie Aguilar C hicago has seen a remarkable boost in mul-tifamily developments over the last several months. These soon-to-be high-rises have accounted for a majority of 2016 downtown new construction. Due to the constant demand of tenants seeking out living space in the city, more and more apartment tow-ers are being added throughout Chicago’s liveliest and upscale neighborhoods. And there’s a reason why these highly anticipated buildings are gaining lots of public interest—apart from their premier locations and proximity to all the fine dining and entertainment options the city offers, building owners and managers are providing a unique assortment of amenities and services these days, mak-ing the lifestyle easier for today’s busy professionals. Some of the city’s hottest locations for new high-rise apartment buildings have recently been the South Loop, River North, West Loop, Gold Coast, Fulton Market and Streeterville neighborhoods. 2016 is expected to be a major year for the multi-family market. Several developments are scheduled for MULTIFAMILY FEATURE (continued on page 8) PRSRT STD U.S. Postage TWIN CITIES, MN PERMIT NO. 31515 PAID

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