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CHICAGO-The nearly vacant, 12-story building at 168 N. Michigan Ave. has its fourth owner in little more than three years, while its value has more than doubled. An unidentified buyer pays $5.7 million at an auction conducted by Sheldon Good & Co.
CHICAGO-Owners of a former Firestone Tire Co. building in the Ashburn neighborhood on the South Side have redeveloped the property into 740 self-storage units in 81,000 sf while leasing out 49,000 sf.
DENVER-Permits for condominium and townhome construction double in January over the previous year's total, even as the overall number of permits pulled falls nearly 15%. Permits for multifamily rental units fall 34%.
SAN DIEGO-Construction begins on a new $11 million office project for a local high-tech company in Poway. Completion of the building is slated for August.
SHARYLAND, TX-The deal signed by Utility Data Resources Inc. and Sharyland Utilities allows free access to metering information to 100% of Sharyland's commercial and residential customers. It's a first in the nation, say the participants.
DENVER-The company that built the non-profit Colorado's Ocean Journey three years ago is contributing $250,000 to help keep it afloat, giving the aquarium $2 million in donations. That's enough to keep it going eight months.
LOS ANGELES-Qantas Airways, the airline company servicing the South Pacific, relocates its headquarters for the Americas/Pacific region. The company signs a seven-year lease deal in Howard Hughes Center
LOS ANGELES-Qantas Airways, the airline company servicing the South Pacific, relocates its headquarters for the Americas/Pacific region. The company signs a seven-year lease deal in Howard Hughes Center
NEW YORK CITY-Everyone's been talking about rebuilding downtown. Law firm Richards Spears Kibbe & Orbe is putting its money where politicians' mouths are with a 15-year lease at One World Financial.
MANISTEE, MI-The 42-room Inn at Manistee National, Canthooke Valley and Cutters' Ridge golf courses as well as 12 residential home sites will be auctioned April 23 by Chicago-based Sheldon Good & Company Auctions LLC and Michigan broker Alan R. Kravets.