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Allstate in Talks to Move Headquarters Back to Chicago

Allstate Corp. is in talks about moving its headquarters to Chicago after selling the majority of its suburban campus earlier this year, potentially returning to a city that it left in the 1960s, reported Bloomberg News. The insurer is in ongoing discussions with city officials and has yet to announce a decision. 

Moving back to the city would help Chicago make up for some high-profile corporate departures this year, including Ken Griffin’s decision to move Citadel to Miami. It also would dovetail with a trend of companies decamping from the Illinois suburbs to the city in search of young university talent.  

An Allstate spokesman told Bloomberg the insurer is “considering options for a modern headquarters in Illinois that will support the way our employees are working now and into the future.” Allstate bought a building in downtown Chicago earlier this year, but it isn’t likely to serve as a headquarters. 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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