Monday, April 16, 2007

Dreams Come True: Strong Retail Development PLUS El Pollo Loco

Tom Corfman at Crain's (the Tribune should have kept him at all costs) cites in this story a recent report from CB Richard Ellis that retail development is continuing at a strong pace.

The overall vacancy rate of 7.53% is skewed by extremely high vacancy rates in the south suburbs and in Kane County (ouch!). The 4.57% rate for the City North market is, of course, very low, thus keeping that market hot.

It was nice of Tom to include two projects of my clients, but even better for him to tell us that El Pollo Loco is finally coming to Chicago. One of my favorite places in California (along with Yoshinoya Beef Bowl), EPL is hoping to build 35 locations in the area.