Don Wenig

[Don Wenig @donwenig]

@NapervilleIL when will power be restored to north Naperville? Located north of train station south of Ogden?

[Don Wenig @donwenig]

This is the first inning of the reset in office building valuations which will drive down rents. Great news for tenants, but there will be some bumps along the way. https://t.co/lPn9sBuVFD

[Don Wenig @donwenig]

Very true.. https://t.co/52pa2U3mQt

[Don Wenig @donwenig]

Great opportunities abound for tenants today, but so do risks with distressed landlords. Discover essential tenant tips in my latest blog to safeguard against pitfalls with distressed landlords. https://t.co/x1yRwpwEcQ

[Don Wenig @donwenig]

Some candid talk from Martha https://t.co/MpT2HKen1g

[Don Wenig @donwenig]

While I understand that Johnson needs to honor his campaign promises, but this is not going to help Chicago's business community. For example, a city income tax on suburbanites will drive many companies out of Chicago. https://t.co/BRHoZrm6N0

[Don Wenig @donwenig]

This article neglects to point out that these sky-high property taxes are passed on to tenants. With property taxes in sunbelt cities at a fraction of these big cities and with companies being increasingly mobile, these city leade…https://t.co/nXTKmz6k3y https://t.co/ppEqm14b9N

[Don Wenig @donwenig]

I recently shared my insights with Crain's Chicago Business on the potential future of the former Lucent office building in Naperville, IL. https://t.co/bmdbA0bGeR

[Don Wenig @donwenig]

While Chicago's office demographics are not as tech concentrated as SFO, the Chicago shares some of the same issues (high taxes, crime, high vacancy) which will lead some Chicago office building values to fall dramatically. https://t.co/GgONVoFdZ3

[Don Wenig @donwenig]

Here's a sign of things to come. Opportunistic well-capitalized investor buying a highly leveraged office buildings for a significant discount. This is will begin to re-set property values and drive-down asking rents to realistic levels. https://t.co/S0jbhmIWZE

[Don Wenig @donwenig]

Chicago's office market saw an 83% increase in the 1st Quarter over last year’s quarterly average sublease listing activity over 10K sf, with 1.8M sf of new sublease space listed. Salesforce and Meta have plans to sublease 125K and 115K square feet, respe…https://t.co/F57IPFjbBz

[Don Wenig @donwenig]

There are many obsolete office buildings in very desirable suburban residential areas. The highest & best use would be to demolish these dinosaurs and redevelop for residential which would be a boost to the local government coffers. https://t.co/oKKF8p7bXq

[Don Wenig @donwenig]

Happy St Patrick’s Day from a couple iconic spots in Chicago today. https://t.co/7goFx98nyN

[Don Wenig @donwenig]

The alarming increase in crime in Chicago, as exemplified by the carjacking of CME Group CEO Duffy's wife, highlights the need for immediate action by the current and future political leaders. https://t.co/TWIAs1PRhJ

[Don Wenig @donwenig]

As Chicago has one of the highest commercial property taxes in the country, these politicians need to keep that in mind as well as that these taxes are passed directly to the tenants. https://t.co/YBwkgOzJ47

[Don Wenig @donwenig]

This article suggests that spacious suburban homes for many (but not all US workers) with long commutes coupled with relatively low unemployment (3.4% versus 6.1% in EU countries) seems to explain this dichotomy. But have we lost our hustle? https://t.co/ZUXiWsMSVf

[Don Wenig @donwenig]

Tip of the iceberg https://t.co/zJc0KyNCD5

[Don Wenig @donwenig]

Teamwork makes the dream work! We are also truly honored to be nominated with our distinguished colleagues. See you this evening https://t.co/yS6BG4LQVB

[Don Wenig @donwenig]

As I wrote about this in my recent blog post, https://t.co/1tSBh3MwzW, this is leading to a major re-set of commercial property valuations. https://t.co/nEcjfLAwC6

[Don Wenig @donwenig]

We are honored to be nominated along with our partners for the CoreNet Global - Chicago Chapter 2022 Real Awards for Sammons Financial Group Companies' new Chicago office! Thank you to our partners geniant + Eastlake Studio, Redmo…https://t.co/Z7uQfUnnjL https://t.co/Hx67PexYJm