Author: Alby Gallun
Alby Gallun is a senior reporter with Crain's Chicago Business. A Milwaukee native, Gallun spent more than three years at the Milwaukee Business Journal as a feature writer and a manufacturing and labor reporter. Before that, he covered the agriculture commodities markets for Reuters.
Articles by Alby Gallun
- Bringing a Growing Employer to a Former General Electric Site in Indiana
Published on January 26, 2023 in Economy, Market & Trends
After nearly eight years, workers are returning to a former General Electric factory in Fort Wayne. A complex financial package helped create a new home for one of Indiana’s largest employers at this postindustrial site in the U.S. Midwest.
- In the Midwest, Freeing Up Suburban Office for In-Demand Industrial
Published on December 14, 2022 in Development
The office and industrial real estate markets have moved in opposite directions since the COVID-19 virus arrived on U.S. shores almost three years ago. In late October, Dermody Properties broke ground on an industrial mega-development on the former corporate campus of insurance giant Allstate.
- The Willis Tower’s $670 Million Makeover
Published on November 02, 2022 in Development
Undermanaged and underinvested for years, the newly unveiled, amenity-rich Chicago redevelopment appears prescient.
- In Milwaukee, a 25-Story Mass Timber Apartment Building Makes an Ascent
Published on October 18, 2022 in Sustainability
New Land Enterprises is leasing up Ascent MKE, the tallest mass timber building in the world at 25 stories, in downtown Milwaukee, Wisconsin.
- EB-5 Program Returns, but Some Issues Unresolved
Published on June 08, 2022 in Economy, Market & Trends
When developer Michael Reschke opens his new hotel on LaSalle Street in Chicago’s Loop district in a few weeks, he will also be opening the door for dozens of overseas investors to live in the United States.
- Planning for a Retail Revival on Chicago’s Magnificent Mile
Published on April 07, 2022 in Economy, Market & Trends
For decades, the storied North Michigan Avenue shopping district has been a key engine driving downtown Chicago’s economy. But a slow decline already underway before COVID-19’s arrival accelerated as restrictions to contain the pandemic kept many tourists and local shoppers out of stores. City officials and local leaders are trying to lay the foundation for a turnaround after the release of a report from a panel convened by the Urban Land Institute’s Chicago district council.
- Condo Deconversions: Struggling Associations Look to Multifamily Investors
Published on March 23, 2022 in Development
Investors who specialize in “deconverting” condo properties back into rentals are finding opportunities. But the deals take patience and fortitude.