More than 200 results for “hospitality”
CRE N Illinois

Property management best practices for 2019

| Matt Baker

Whether they are office, industrial, multifamily or retail, all commercial buildings have at least one thing in common. Without good property management, efficiency falters, occupant comfort declines and in the end, revenue plummets.

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, …

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

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.

CRE X Missouri

Midwest Commercial Hall of Fame: CBRE's Bob Fagan

| Dan Rafter

Each year, Midwest Real Estate News runs its Midwest CRE Hall of Fame issue, highlighting the careers of the top commercial real estate pros in the region. This year, we are also running the profiles of these Hall of Fame inductees online. This week, we look at the career of Bob Fagan, senior vice president with the Kansas City, Missouri, o…

CRE p Tennessee

McHugh Construction names VP in Nashville market

James McHugh Construction Co., the Chicago-based general contractor whose Nashville office opened in 2014, has promoted Ryan Keane to vice president. Keane, formally a senior project manager, will continue to oversee all construction operations for the company’s Nashville office while shifting additional attention to McHugh’s business devel…