More than 200 results for “North Central Illinois Economic Development Commission”
Hospitality N Illinois

Leslie Danford named new regional head, Midwest of hotel startup

OYO Hotels & Homes, a fast-growing hotel startup, has appointed Leslie Danford as its Midwest regional head. Based in Chicago, Danford brings more than 12 years of experience to OYO and she will be focused on building and strengthening the firm’s operations across 10 states: Nebraska, Kansas, Missouri, Iowa, Minnesota, Wisconsin, Illinois, …

CRE N Illinois

CRE Future Leaders: David Mitchell

| Matt Baker

David Mitchell is a senior manager, portfolio risk and operations at Alliant Credit Union, where he oversees the risk management and portfolio management of debt products primarily secured by commercial real estate.

Hospitality N Illinois

Arlington Heights hotel sells for $7.5 million

Marcus & Millichap closed the sale of Comfort Inn, a 125-room hospitality property located at 2120 S. Arlington Heights Road in Arlington Heights, Illinois. The 125-room, three-story, upper midscale, concrete block hotel—featuring elevator service, a business center, fitness center, dry cleaning services and meeting rooms—sold for $7,500,000.

CRE N Illinois

Stuart Sziklas joins LaSalle as head of U.S. custom accounts

LaSalle Investment Management announced that Stuart Sziklas will join the firm as the head of U.S. custom accounts, effective September 3, 2019. Sziklas will relocate from Boston to LaSalle’s global headquarters in Chicago and report to Americas CEO Jason Kern. The appointment coincides with the transition of Karen Brennan to CEO of LaSalle…

CRE N Illinois

David Reifman joins real estate arm of Clayco

Former City of Chicago Planning and Development Commissioner, David Reifman, will join Clayco’s real estate development and investment firm as partner and senior vice president for strategic development initiatives. Reifman will lead key aspects of CRG’s national development activities, help expand Clayco’s design and construction businesse…

Industrial N Illinois

Bartlett approves incentive package for McKesson Medical-Surgical

The board of trustees for the Village of Bartlett, Illinois has approved the final piece of an incentive package that will bring McKesson Medical-Surgical Inc. (MMS) to the Brewster Creek Business Park. The distributor of medical supplies, durable medical equipment, surgical supplies and medical lab supplies is a division of Fortune 500 com…

CRE N Illinois

For the first half of 2019, cap rates remained stable

| Matt Baker

Thanks to moderate growth, low inflation and falling long-term interest rates, cap rates for commercial real estate assets held steady in the first half of 2019. In Chicago, two sectors have a favorable outlook as they came in below the national average.

Industrial N Illinois

Venture One acquires Des Plaines industrial portfolio

Venture One Real Estate—through its acquisition fund, VK Industrial IV, LP, a partnership between Venture One and Kovitz Investment Group—has closed on the acquisition of a 171,022-square-foot, two-building industrial portfolio located at 76 Bradrock Drive and 31 E Oakton Street in Des Plaines, Illinois. Both properties were vacant at acquisition.