# Latest sign of Mag Mile's value reset

Page: https://stenobird.com/podcast/crain-s-daily-gist-205316/latest-sign-of-mag-mile-s-value-reset
Text version: https://stenobird.com/podcast/crain-s-daily-gist-205316/latest-sign-of-mag-mile-s-value-reset.md
Podcast: [Crain's Daily Gist](https://stenobird.com/podcast/crain-s-daily-gist-205316)
Published: 2026-08-03T21:41:21+00:00
Episode link: https://www.chicagobusiness.com
Audio file: https://afp-901464-injected.calisto.simplecastaudio.com/571edbdc-0279-4b9b-b951-9c4d1b5ec4e0/episodes/f7984ec5-1625-41e5-b74e-021cc976d532/audio/128/default.mp3?aid=rss_feed&awCollectionId=571edbdc-0279-4b9b-b951-9c4d1b5ec4e0&awEpisodeId=f7984ec5-1625-41e5-b74e-021cc976d532&feed=tANdaEdA
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JSON: https://stenobird.com/v1/public/podcasts/crain-s-daily-gist-205316/episodes/latest-sign-of-mag-mile-s-value-reset
Duration seconds: 1193

## Resource

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.

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## Transcript

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