Illinois Real Estate Journal April 2016 : Page 1

VOL.16 NO.20 ©2016 LAW BULLETIN PUBLISHING CO. APRIL 2016 Economic Development Corporations, Financial Institutions, Green/Sustainable Companies DIRECTORIES (pg.16): A green story at 200 W. Madison: A new focus on creating productive employees By Dan Rafter arlier this year, Transwestern signed eight leases totaling 88,900 square feet at 200 W. Madison St. in Chicago’s West Loop. This burst of activity at the 45-story office tower wasn’t solely because the building is one of the greenest office spaces in the city, having recently earned recertifi-cation to the LEED Gold level from the U.S. Green Building Council. But the tower’s green reputation certainly didn’t hurt. It’s no secret that green buildings attract tenants. Yes, a building’s aesthetics, location GREEN (continued on page 10) Commercial real estate crowdfunding is here to stay, say the industry’s pioneers By Dan Rafter, Editor E A J Chivetta doesn’t hesitate: Crowdfunding is changing the way people can invest in commer-cial real estate. And because of this, the number of people investing in commercial real estate through crowdfunding will only grow in the coming years, he said. Chivetta should know. He’s a founder and chief executive officer of Selequity, a St. Louis-based company that helps investors place their dollars in commercial real estate properties across the country. He’s seen up-close just how eager consumers are to invest in commercial real estate properties that were formerly out of their reach. “Crowdfunding solves problems for both sides of the commercial real estate transaction,” Chivetta said. “Inves-tors are looking for opportunities to invest in real estate. They are looking for the kind of yields that real estate has long afforded people, especially in low-interest-rate en-vironments. Real estate owners and operators are always looking for new investors and capital. “With crowdfunding, more investors can gain access to commercial real estate, and owners can attract capital from a greater number of people,” Chivetta said. Here’s how Selequity works: It’s an online platform con-necting accredited investors to professionally operated, private real estate investment deals. Several investors can pool their money together to own portions of these com-mercial real estate properties. The owners of these buildings can provide documents and building information to accredited investors through the CROWDFUNDING (continued on page 8) PRSRT STD U.S. Postage TWIN CITIES, MN PERMIT NO. 31515 PAID

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