A Chicago investor got a discount for Palmolive Building retail space in a deal that illustrates the Mag Mile&#x27;s fallen property values. Crain’s reporter Rachel Herzog discusses the trade, and other commercial real estate news, with host Amy Guth.<br><br>Plus: Alexi Giannoulias kicks off mayoral run with pledge to raise the minimum wage, trading firm eyes expansion and a move to Fulton Market, Sterling Bay and a JPMorgan fund get $213 million refi for Fulton Market office tower and alcohol distributor Republic National cutting nearly 300 jobs in Illinois.<br><br>Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Latest sign of Mag Mile's value reset

Crain's Daily Gist

Alexi Janoulias kicks off his mayoral run with a pledge to raise the minimum wage. Working full time should mean more than just getting by. It should mean the dignity of being able to support your family, save for the future and build a better life. And I'll talk commercial real estate with Crain's reporter Rachel Herzog. And you know, a lot's changed since 2012. The Mag Mile has weathered the rise of e-commerce as well

as the pandemic, significant vacancy. I'm Amy Guth and this is Crains Daily Gist for Tuesday, August 4th. Looking to expand your business? Ready to turn that 10,000 square foot warehouse into 100,000? Commercial bankers at Old National think as big about your business as you do. They're by your side with smart ideas around cash flow, working capital, collections,

and even retirement plan services that fit your needs. Because when you succeed, they succeed. Old National Bank, where relationships and results meet. Connect with a banker today at oldnational.com slash commercial banking. Member FDIC. A Chicago investor got a deal for the retail space at the base of the Palmolive building

in a trade that illustrates the Mag Mile's value reset. And it happens as two other properties nearby have also hit the market. Here to talk about it, Crains reporter Rachel Herzog. Rachel, welcome back to the podcast. Always a pleasure to have you here. Hey, Amy. Thanks for having me. So talk to me about what's happening at the Palmolive building. Yeah, the retail space at the base of the Palmolive building, it's leased to luxury tenants,

Latest sign of Mag Mile's value reset

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Latest sign of Mag Mile's value reset

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.