Groupon is ending its lease for its River North headquarters two years early as it risks running out of cash, creating a big leasing challenge for Chicago developer Sterling Bay much sooner than expected. Groupon's lease for nearly 300,000 square feet was due to expire in January 2026, but the company paid a termination fee of $9.6 million to end its commitment early.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Steriling Bay, go bankrupt in a nice office!
Groupon, an eco er e company didn’t produce anything but advertising. I know where to spend my money. A dot com by any other name.
Very labor intensive business model – always thought they would be better to locate in Fargo or Wichita.
Lease rates have to come down, way down.
Just the latest company to dump their Chicago HQ