MARKETPLACE (pg 14): ASSET/PROPERTY MANAGEMENT FIRMS CONSTRUCTION COMPANIES/ GENERAL CONTRACTORS LAW FIRMS
©2023 Real Estate Publishing Corporation February/March 2023 • VOL.23 NO.1
MULTIFAMILY FINANCE FIRMS
Construction trends: Sustainability and precon technology among those shaping Chicagoland By Mia Goulart, Senior Staff Writer
The Reed at Southbank – Developed and constructed by Lendlease, The Reed is a 41-story, 440-residence community in the South Loop.
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gainst all odds, 2022 brought an explosion of construction activity around Chicagoland. Not much has changed one month into 2023, yet there are plenty of emerging trends to poise the market for continued success. One of the biggest trends is the incorporation of sustainable methods and materials, such as lower-carbon concrete and steel and the use of electric cranes. Lendlease is one company that’s become a proven leader in sustainability across all
markets and exemplifies it through their portfolio of projects throughout Downtown Chicago. Lendlease has two main goals: (1) to achieve net zero Scope 1 and 2 emissions by 2025 and (2) absolute zero for Scopes 1, 2 and 3 by 2040. To achieve these, Lendlease must operate in a manner which maximizes its reduction in greenhouse gas emissions and achieve the balance by way of carbon offset schemes for Scopes 1 and 2, and without any carbon offsets CONSTRUCTION (continued on page 10)
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A macro perspective of finance and multifamily with Marquette Bank By Mia Goulart, Senior Staff Writer
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inance is the hot topic industry-wide, and while much of the concern has to do with volatile economic factors, it’s more so the lack of clarity surrounding them. Everyone has different opinion regarding what might or might not happen, but to find a solution, it’s important to look at the macro picture. Illinois Real Estate Journal recently spoke with Patrick Tuohy, Senior Vice President at Marquette Bank, to discuss the past, present, and future as it relates to multifamily finance.
MULTIFAMILY(continued on page 12)