Wintrust Business Minute: The Illinois Center office complex is facing foreclosure

Wintrust Business Lunch

Indhold leveret af wgnradio.com. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af wgnradio.com eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.player.fm/legal.

2M ago

MP3•Episode hjem

Steve Grzanich has the business news of the day with the Wintrust Business Minute.

The Illinois Center office complex in Chicago is heading to foreclosure. Crain’s reports the building’s owner has been hit with a foreclosure lawsuit. The Illinois Center complex is at 111 E. Wacker and 233 N. Michigan. The lawsuit was filed by Deutsche Bank and it alleges the building’s owner, AmTrust, has failed to make loan payments since January. Illinois Center is one of the largest downtown Chicago office properties to fall into distress. Remote work and high interest rates have negatively impacted the local office market.

Legislation has been introduced in Illinois to regulate the use of artificial intelligence by insurance companies in making coverage decisions. Listen for more below:

https://serve.castfire.com/audio/7089223/7089223_2024-11-26-232023.64kmono.mp3

Wintrust Business Lunch

Wildfire costs, job growth, Chicago Theater Week

.cls-7{fill:#fff;fill-rule:evenodd}

Chicago’s office vacancy in 2024 ends at record high

.cls-4{fill:#000;}

Hot job report, inflation risk, CES highlights

.cls-7{fill:#fff;fill-rule:evenodd}

Walgreens had a better first quarter than expected

.cls-4{fill:#000;}

Job openings, ‘vibecession,’ Movers for Meals

.cls-7{fill:#fff;fill-rule:evenodd}

Click for more

103 episoder

#Business News #Wintrust #Lunch #John #Williams #Chicago #Business #wgnradio.com #WGN