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Midwest Industrial Construction Soars

Midwest Industrial Construction Soars

May 2021 Industrial Construction Continues to Rise in Midwest The Midwest industrial engine continues...

Open Slate Communications May 20, 2021
NAIOP Survey: Industrial Real Estate Remains Strong

NAIOP Survey: Industrial Real Estate Remains Strong

June 2020 A recently released NAIOP survey shows continued optimism about the industrial real...

Open Slate Communications June 27, 2020
Chicago Real Estate Developers: Tax Uncertainty Pushes Diversification

Chicago Real Estate Developers: Tax Uncertainty Pushes Diversification

Chicago Developers Branch Out, Diversify January 2020 Sterling Bay, Magellan, CA Ventures, and other...

Open Slate Communications January 12, 2020
Google Makes $13 Billion Real Estate Play

Google Makes $13 Billion Real Estate Play

Feb. 18, 2019 Google’s commercial real estate expansion continues, with plans to invest an additional $13 billion in data centers and offices throughout the U.S. in 2019, according to Globe Street. While the tech giant has been a force in many real estate markets across the country, this announcement carries significant impact across many markets. Here's a breakdown of the economic benefits to the various markets. Google will be:

  • Adding tens of thousands of new employees
  • Generating 10,000+ construction jobs
  • Moving Wisconsin operations to a larger office
  • Doubling the Virginia workforce
  • Adding offices in Georgia, Texas, the Boston area, Los Angeles, and Washington state, among others
This comes on top of Google's previously announced 1.7 MSF Hudson Square office expansion in lower Manhattan.

A Look at Google's Real Estate Needs

While much of this activity involves moving into newly built or existing space, there also are redevelopment plans in the works, according to Bisnow. The company's footprint in New York City, for example, is mainly repurposed manufacturing space on Manhattan's West Side, which included its $2.4 billion purchase of Chelsea Market last year. And, a big shift involves Google's expansion in the data center sector, with centers planned in Nevada, Texas, Nebraska and Ohio. Here's a quick rundown by region:

Open Slate Communications February 18, 2019
Chicago Industrial Market Surges in 2018

Chicago Industrial Market Surges in 2018

Feb. 8, 2018 As Q1 2019 gets into full swing, here's a look at...

Open Slate Communications February 8, 2019

Race for Amazon HQ2 Narrows; Questions Arise

Atlanta is seen as a favorite for Amazon HQ2 given its low cost of...

Open Slate Communications January 27, 2018

Office REIT Movement and Other Commercial Real Estate Updates

January 15, 2018 Here's a quick look at what's going on in commercial real...

Open Slate Communications January 14, 2018

Amazon HQ2 focus: real estate, tech talent

Real estate and tech talent are key for Amazon in its HQ search. October...

Open Slate Communications October 29, 2017
Commercial Real Estate Trends for 2017

Commercial Real Estate Trends for 2017

The commercial real estate industry has been on a strong cycle for several years....

Open Slate Communications February 8, 2017
Ryan Companies Closes on Land in Prime Chicago Suburb

Ryan Companies Closes on Land in Prime Chicago Suburb

February 2016 The office market in Oak Brook is in high demand. Ryan Companies...

John Borneman February 17, 2016