Property Types Office
University of Chicago to Create $200 Million Center Honoring Late Economist
May 15, 2008
Source: Crain's Chicago Business

The University of Chicago plans to create a $200 million center to honor the late economist Milton Friedman, a Nobel Prize winner and longtime faculty member at the school. The Milton Friedman Institute will began operations this fall and will eventually be housed in buildings that are currently occupied by the Chicago Theological Seminary.

The university is currently buying those buildings with the proviso that it will build a new home for the seminary itself. However, the seminary is not expected to move until 2012, and then will lease the buildings from the university at a cost of $1 per year for 100 years.


 
Recent Office Headlines
AIG 70 pine st smal AIG Headquarters Sale Makes Splash in Quiet Manhattan Investment Market
June 10, 2009
With rumors circulating of a sale price around $100 per square foot, the sale of the 66-story American International Group headquarters in Lower Manhattan likely set the bar for the biggest sale in the area market thus far in 2009.
Despite Office Market Slump, 1M-SF Connecticut Office Campus Trades in $72M Deal
June 09, 2009
It's an office trade of such a size that has not been seen in Connecticut, no less challenged by job losses and economic malaise than most other markets, in quite a while. Matrix Connecticut L.L.C. has just taken over ownership of the 1 million-square-foot Danbury Corporate Center in Danbury, Conn., from GERA Danbury L.L.C. in a $72.4 million merger transaction. The deal is a coup for Connecticut, as well as its neighbors, as it marks the largest multi-tenant office transaction in the suburban New York Tri-State area so far this year.
Tokyo is Priciest Market as Climate Favors Office Tenants Worldwide: CBRE
June 08, 2009
Tenants have the edge in most of the world’s major office markets, concludes an analysis by CB Richard Ellis Inc. Class A rents are sliding dramatically and vacancy is ticking upwards in nearly every region, according to the study published last week.
 
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