Chicago

The property is "a quality, union-built development" that brings much-needed for-sale housing to the West Loop neighborhood, says Cyndy Salgado, executive vice president of development sales for @properties.

The company's full-service construction arm completeed the $2 million, “in-place” renovation of Durand Plaza in six months.

Since 2014, Birk has successfully completed transactions in excess of $138 million on behalf of his clients.

“The property's attractive location in the Kinzie Industrial Corridor, on-premise parking and proximity to public transportation and nearby expressways were all factors in our decision to buy,” says Michael Schack, principal of Dayton Street Partners.

With the passing of one partner, Rubenstein determined that since cap rates for sales are attractive, and warehouse and logistical center property is in demand, it was a good time to sell, says Mandelbaum Salsburg attorney Owen Hughes.

The former Marshall Field's warehouse was redeveloped into 123 loft-style apartments with original design features.

Randy Fifield, left, and Tara Hovey see value in experiential and values-based amenities in luxury apartment developments.

JLL report sees experiential travel and co-working as two opportunities for hotels to boost revenue.