Episode

Latest sign of Mag Mile's value reset

Podcast: Crain's Daily Gist
Published: Aug 3, 2026
Duration seconds: 1193
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Canonical source: https://www.chicagobusiness.com
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Summary

A Chicago investor got a discount for Palmolive Building retail space in a deal that illustrates the Mag Mile's fallen property values. Crain’s reporter Rachel Herzog discusses the trade, and other commercial real estate news, with host Amy Guth. 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.