The first in the world, the Home Insurance Building, was built in 1885 on South LaSalle Street.
But with LaSalle back in play there is expected to be a feeding frenzy of interest.
Currently, Japanese investors are minor players in real estate outside Asia, according to Jones Lang LaSalle.
"Lake City will probably get lost in the shuffle, " wrote The San Francisco Chronicle's Mick LaSalle.
But now at least the uncertainty about the sale of LaSalle has been lifted.
Mr. CORTEZ TROTTER (Chief Emergency Officer, Chicago): You remember the LaSalle Bank Building fire?
So, at any rate, says a new study from Jones Lang LaSalle, a global estate agency.
Cinderella teams like Florida Gulf Coast University and LaSalle have danced their way onto the main stage.
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Vincent Lottefier, country head of Jones Lang LaSalle, says the firm has done better than he expected.
LaSalle has 400 branches in Illinois, Indiana and Michigan and a strong commercial banking presence in the Midwest.
The Jakarta office of property consultancy Jones Lang LaSalle reports that retail leasing is now a landlord's market.
LaSalle UK had previously warned it might sell its assets in the city if Monks Cross gained approval.
BBC: York Castle Piccadilly developer seeks talks with council
LaSalle said it would now seek talks with the council to explore options for the Castle Piccadilly development.
BBC: York Castle Piccadilly developer seeks talks with council
So says Anthony Couse, a managing director in Shanghai for global real estate consultancy Jones Lang LaSalle of Chicago.
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That cap is 10% and the acquisition of LaSalle would bring Bank of America at or slightly over that.
Teams we do have: Wichita State, LaSalle and Florida Gulf Coast.
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Today, says Jones Lang LaSalle, a property and hotel consultancy, hotels are the lowest-yielding property investment in the region.
That opens the door for other bidders to swoop in on LaSalle and scoop it away from Bank of America.
In the fall, the failed investment bank tapped the New York-based investment sales team at Jones Lang LaSalle Inc.
LaSalle UK have now lodged a formal planning objection claiming the Monks Cross scheme is "contrary" to current planning policies.
BBC: York's Castle Piccadilly developer objects to Monks Cross
LaSalle UK said the Monks Cross development, approved on Wednesday, would have a major impact on its Castle Piccadilly plans.
BBC: York Castle Piccadilly developer seeks talks with council
Research by property advisory firm Jones Lang LaSalle names London's as the most traded real estate market in the world since 2008.
And 2012 is likely to be even stronger, Jones Lang LaSalle said.
Moscow now has 281 square meters of mall space per 1, 000 inhabitants, or roughly three square feet per capita, Jones Lang LaSalle says.
"Political and economic stability mixed with a heavy IT infrastructure, " says Shannon Robertson, Buenos Aires-based director of Jones Lang LaSalle's Latin American operations.
Update: We've swung by the Chicago launch on LaSalle Street to scope out the scene -- follow the break for the eye candy!
In the 1980s Britain ranked fourth as a destination for expansionist European retailers, according to a survey by Jones Lang LaSalle, a property consultancy.
"These are opportunities that are rare to come by even in strong cycles, " says Romy Bhojwani, senior vice president at Jones Lang LaSalle Hotels.
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It looks like Bloomberg will take the top 15 or so floors of the new building, which is owned by Jones Lang LaSalle.
But Argentina also has a young, well-educated labor force including some 30, 000 bilingual speakers, more than other Latin American countries, notes Jones Lang LaSalle.
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