More than 200 results for “chicago”
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…

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.

Multifamily N Illinois

Avanath pays $55 million for affordable housing portfolio

Avanath Capital Management, a private real estate investment manager and Registered Investment Adviser, has purchased three affordable housing communities with a combined 317 units in Chicago and Maryland. The assets, which bring the company’s total holdings in Chicago to 1,063 units, were acquired for a total of $55.05 million.

Office N Illinois

Doing WELL at 500 feet

| Tim Zelazny, WELL AP, LEED AP BD+C, AIA, CPHC, BECxP

In June 2019, 151 North Franklin became the nation’s first WELL-certified Core & Shell v1 Gold high-rise. Unlike LEED which focuses on reducing a building’s environmental footprint, WELL takes a hard look at improving occupant health and wellness with continued, verified performance. As stewards of their indoor and outdoor environment, 151 …

Retail N Illinois

Lincoln Common welcoming four new retail tenants

Four new retail tenants—Dearborn Denim & Apparel, Blowout Junkie, Pharmaca and Verve Wine—will soon arrive at Lincoln Common in Chicago’s Lincoln Park neighborhood. Co-developed by Hines and McCaffery Interests, the property recently leased retail space to Velvet Taco, Philz Coffee, Athletico, Compass, Play2Day, Kohler Waters Spa and the pr…

Office N Illinois

Chicago public radio station gets new digs at Navy Pier

Serving as general contractor, Skender recently completed interior construction of a 37,000-square-foot renovation project at the headquarters for WBEZ, an affiliate of nonprofit media organization, Chicago Public Media. Charlie Greene Studio and ConopCo Project Management collaborated with Skender on the project.

CRE N Illinois

J.C. Anderson completes amenity space renovation at Aon Center

J.C. Anderson has completed a 29,000-square-foot renovation project at the Aon Center, 200 E. Randolph Street, Chicago. Known as “Cloud Level,” the space is now the highest fitness center and amenities space in the city. The new, modern space is accented by custom wood finishes and imported stone tops, intricate ceilings accompanied by fash…