Inside these posts: Downtown Chicago

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First Midwest plans downtown facility

First Midwest Bank, which has grown into one of the area’s biggest banks without a presence in downtown Chicago, confirmed that it plans to set up shop for the first time in the city’s central business district.

The bank told the Tribune that it plans to open an office in a LaSalle Street building in the Loop in early April. It’s not divulging the address until a lease for the property, which has 3,500 to 4,000 square feet, is signed, which should occur “shortly,” a bank spokesman said. The office will handle commercial banking, cash management and trust services, he said. Get the full story »

Downtown office vacancies at 15.2%

From Crain’s Chicago Business | The downtown Chicago office market has hit 15.2 percent in the second quarter, its highest rate since 2005. The figure is up from 11.9 percent a year earlier and nearing the 16 percent reached in the fourth quarter of 2005.