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“This sale of a Hobby Lobby with less than 10 years remaining to an institutional buyer signifies that although retail is shifting, big box is not dead,” says Marcus & Millichap's Sabrina Kortlandt.
The entity— GLP Continental Europe Development Partners I— is expected to reach a value of $2.3 billion of assets under management when fully invested.
“The National offers everything that investors nowadays expect of a hausInvest investment, a redeveloped landmark building in a prime location geared to modern users at an attractive price with a reliable cash flow and the potential for value appreciation through active asset management,” says Henning Koch of Commerz Real.
GlobeSt.com caught up with executives from Hilton and First Hospitality Group here in Chicago to talk about the benefits, challenges and strategies when developing and running a multi-brand property.
“Desirable medical office properties located in markets with strong demographics are the types of attractive acquisition opportunities we continue to seek for the remainder of 2018 and into next year,” says Inland Real Estate Acquisitions' Mark Cosenza.
R2 Companies is expanding its Midwest creative office holdings with acquisition of a 525,000 square-foot, 11-building portfolio in downtown Minneapolis & Milwaukee.
Hilton's first tri-branded property is the most recent completion in what is quickly one of the hottest submarkets whose evolution is supporting both new development and giving new life to some historic structures.
The acquisition of ABC is accretive to earnings and part of a plan to consolidate the building products distribution sector on a national scale, says Timothy Meyer, a co-founder and managing partner of Angeles Equity Partners.
The East Park SRO renovations were funded through a mix of equity from federal low-income housing tax credits, a grant from the Federal Home Loan Bank of Chicago and debt financing from the Illinois Housing Development Authority.