MB Real Estate
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    KNIGHT ENGINEERING EXPANDS TO 26,000 SF AT 221 N. LASALLE

    SVP Walter Hennig and Associate Kelsey Karp, completed the renewal and expansion at 221 N. LaSalle to bring Knight Engineering as its largest tenant.
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    ANTICIPATING STRONG PERFORMANCE

    Vacancy rate in the CBD continues to fall as the second quarter follows up on the positive absorption of the first. Central Loop and West Loop properties were the main contributors to this positive growth. Demand in the downtown market appears strong with the record-breaking sale of 300 N. LaSalle and continued pre-leasing activity for new developments. MBRE anticipates the strongest downtown Chicago CRE performance since 2008 throughout the rest of this year.
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    MILLENNIUM PARK CELEBRATES 10 YEAR ANNIVERSARY

    On July 16, 2014, Millennium Park celebrates its 10th anniversary. One of the world’s top tourist attractions, MB Real Estate is proud to have a role in the park’s success having served as the property manager for the past 10 years. Click here for a look at Millennium Park, then and now.- VIEW DETAILS

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    DIRECT VACANCY LEVELS FALL FOR INDEX BUILDINGS

    The MB Real Estate Index is comprised of the Chicago Business District’s 30 newest Class A buildings over 300,000 SF. Since March, 13 of the 30 indexed buildings have seen decreased vacancy rates. Index vacancy of 10.3% leads the overall market, and is indicative of long-term stability.
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