May Edition: Who is ready for some good news?

The news continues to be positive for Chicago commercial real estate! Most recently the area’s growth topped global charts, only behind Sydney and Seoul! Additionally, the healthcare real estate market in Chicago continues to prove to be desirable with the news of another merger worth $27 billion annually.

  • An index of local commercial property values compiled by Real Capital Analytics rose 19.4% to a new high in the 12 months ended March 31. It was the third-biggest increase among 20 global cities in the report, and the greatest among U.S. metropolitan areas.
  • Advocate Aurora Health, the Chicago area’s largest healthcare provider, said Wednesday it had agreed to merge with Atrium Health, based in Charlotte. The combined company, which will operate under the name Advocate Health, will have combined revenues of $27 billion annually…”