More than 200 results for “hospitality”
Office N Illinois

Beyond the mega-project: How smaller redevelopment projects are shaping the suburban office market

| Steve Wright and Roger Heerema

While some large corporations have bet on the benefits of moving their headquarters downtown, the revival of dozens of suburban office buildings is convincing many other companies to remain in the suburbs and enjoy the urban feel of a redevelopment. Today’s employees appreciate a workplace that allows for activity-based work and amenities t…

Net Lease N Illinois

Boulder Group arranges sale of Chicago MSA CVS property

The Boulder Group, a net-leased investment brokerage firm, has completed the sale of a single-tenant, net-leased CVS property located at 7929 North Avenue in River Forest, Illinois. A Midwest-based private partnership sold the property to a private investor in a 1031 tax exchange for $6,770,000.

Healthcare N Illinois

Skilled nursing facility sells in Chicago's southwest suburbs

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of a 97-unit, 193-bed skilled nursing facility in Palos Heights, Illinois. Mark Myers, IPA executive managing director, Josh Jandris, IPA senior managing director, and Charles Hilding, IPA director, represented the seller, Providence Life Services, a…

Healthcare N Illinois

The outlook for outpatient could mean outrageous returns

| Matt Baker

The hospital’s monopoly on healthcare is coming to an end. These large institutions aren’t going anywhere, of course, but every year, more and more people receive treatment in medical office buildings (MOBs), retail centers and other off-campus facilities. And real estate investors have taken notice.

CRE P Kansas

Kansas' HMN Architects names new president

Overland Park, Kansas-based HMN Architects announced that vice president Dave Brown will succeed Larry Ralph as the firm’s new president, a move that is effective in March. Brown joined HMN in 1993 and was promoted to principal in 2000.

Hospitality N Illinois

Thomas Prins joins Hostmark Hospitality as minority partner

Thomas Prins, principal of TQP Capital Partners, a hotel real estate private equity firm focused on value-add and opportunistic investments, has joined Schaumburg, Illinois-based Hostmark Hospitality Group, a leading third-party hotel management company, as a minority partner. In his new role, Prins will be responsible for new business deve…

CRE N Illinois

Franklin Partners redeveloping One Mag Mile in Chicago

Franklin Partners announced the redevelopment of One Mag Mile (980 N. Michigan Avenue), including transformative lobby renovations. Additional building improvements are planned and the developer recently hired a new building operations manager who will ensure that tenants receive the highest quality services and support.

CRE N Illinois

Akara Partners completes Home2 Suites by Hilton Chicago River North

Akara Partners, a real estate direct-investment, development and operations firm based in Chicago, has completed Home2 Suites by Hilton Chicago River North, a 17-story extended stay hotel located at 110 W. Huron Street. The $67 million, 120,000 square-foot building was designed by Norr Architects under a design-build arrangement with Mortenson.