Due to unresolved civic tensions, Chicago's Clark Street faces a potential shutdown despite expansions of outdoor dining programs in other global cities.
Adviser Brenda Jacobsen is holding her breath and suggesting an uptick in activity late last year and the first quarter this year heralds a comeback in 2024 transaction volume overall.
"One must always think of the counterfactual: What would the behavior be without the law?" Paul Poast writes. "In most cases, the answer is, Probably worse."
In Illinois, Chinese investors own only about one square mile of land, while Portuguese, Italian, and Canadian interests hold over 760 square miles combined.