Morningstar Announces New Global HQ at Chicago’s Thompson Center
Why this matters
Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. Chicago capital flow has been concentrated in industrial along the I-55 and I-80 corridors and in the most select downtown trophy office submarkets. Multifamily transaction volume has moved up in the Near North and West Loop. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- The 101st Chicago story tracked on the wire in September 2026. All Chicago coverage →
Computed from Real Estate Trail’s own tracked coverage
Chicago-based financial services firm Morningstar, Inc. , announced plans to relocate its global headquarters to the Thompson Center and plans to occupy more than 275,000 square feet. Morningstar was represented by St…
External link. Real Estate Trail does not republish source content.
Related coverage — Chicago
With its first office-to-housing project done, Chicago advances ‘next chapter’ for its downtown
The adaptive reuse project in the city's Loop has 117 mixed-income residential units. More conversions are in the pipeline.
Draper and Kramer’s Commercial Finance Group Arranges Loans Totaling $27.5M for Chicago-Area Apartment Community and Distribution Center
Oakbrook Center, outside Chicago, to support $800 million in CMBS
Darwin Investment Group Receives $130M Refinancing for Industrial Portfolio in Chicago, Southeast Wisconsin
CHICAGO — Darwin Investment Group has received a $130 million refinancing for a 39-building industrial portfolio totaling more than 2 million square feet across the greater Chicago area and Southeast Wisconsin. A dedi…
TEI Acquires Retail Property on Jeweler’s Row in Chicago for $3.9M
CHICAGO — Time Equities Inc. (TEI) has acquired 33 South Wabash Avenue in Chicago for $3.9 million. Located in the heart of South Loop along historic Jeweler’s Row, the property offers 38 feet of frontage on Wabash Av…
Newmark Arranges $95M Sale of Suburban Chicago Retail Center
Newmark has arranged the $95 million sale of Randhurst Village, a 931,798-square-foot open-air retail center in Mount Prospect, Illinois. The transaction follows DLC’s 2016 acquisition of Randhurst Village and t…