The Rebuild Illinois capital program invested $122 million to fully complete the Springfield Rail Improvement Project, including nearly $30 million to begin this phase of the project.

The 10-story property was sold to a private investor for $11.6 million, according to Gebroe-Hammer's David Oropeza, who represented the seller and procured the buyer of the 76-unit property.

NJ Ignite helps technology and life sciences startup companies realize the benefits of collaborative workspaces by providing up to nine months of rent support for startup technology and life sciences businesses.

DeBartolo and Encore completed the property in April 2019 and had been moving quickly through the lease-up phase of the property located at 7995 Haven Way in Kissimmee.

The six-story, 151,235 square-foot project will include a 212-room hotel and three street level restaurant/retail spaces totaling 12,711 square feet.

"Northerners and other homebuyers are not just purchasing second homes; they are bringing businesses and moving here full time," says MIAMI Chairman of the Board José María Serrano.

At Douglas Hall, the project will include building envelope stabilization, and structural, infrastructure and technology capital improvements that will support the new nursing simulation laboratory within Douglas Hall.

The project, which is scheduled to be completed in November 2020, has already secured a 130,000-square-foot lease with global private market asset management firm Hamilton Lane, which will begin occupancy of its space at the property in 2021.