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"1400 West Monroe is a response to the demand for condos in the neighborhood at a competitive price point,” says David Wolf, president of ON Collaborative by Coldwell Banker.
Matt Nyren, Ubiquity president and CEO, says northeastern Pennsylvania was a perfect location for the New York-based company to locate its newest call center.
The partnership brings together Stanford's academic and institutional resources along with Cushman & Wakefield's industry-specific knowledge and expertise.
The sale price more than likely is north of $100 million since CrossHarbour acquired the property in 2016 for $101 million and since then undertook a multi-million-dollar capital improvement plan at the hotel that was completed in 2017.
"In a process that has taken other new hotels several attempts that required rework and delays before they could become operational, the River North hotel easily passed" inspections, says Aimbridge Hospitality's Chris Pogorzelski.