More than 200 results for “hospitality”
Hospitality Midwest

Midwest hotels facing a big year in 2019

| Dan Rafter

Occupancy gains and steady revenue growth. That’s what Marcus & Millichap is predicting for the hospitality sector throughout the upper Midwest states of North Dakota, Minnesota, South Dakota, Nebraska, Iowa, Wisconsin and Illinois.

CRE N Illinois

Appraisal pioneer Eugene Stunard passes away

Eugene W. Stunard, MAI has passed away at the age of 86. The legendary appraiser co-founded Appraisal Research Counselors, one of the largest independent valuation firms in the United States, in 1968 with his wife, Joan Stunard.

Healthcare W Minnesota

Hutchinson Health breaks ground on hospital wing in Minnesota

Hutchinson Health, a hospital that is part of national healthcare organization HealthPartners, will break ground on a new patient wing at the facility in Hutchinson, Minnesota, on April 1. The ceremony marks the start of a one-year construction project that will add new and larger patient rooms to improve care delivery and patient experience.

CRE N Illinois

Collete English Dixon appointed to the Waterton advisory board

Waterton, a Chicago-based real estate investor and operator, announced the appointment of Collete English Dixon to the the firm’s advisory board. Comprised of a group of three independent (non-Waterton) individuals and the two Waterton co-founders, David Schwartz and Peter Vilim, the board provides strategic counsel to Waterton’s leadership…

Industrial N Illinois

The U.S. labor shortage: Is it real or economic semantics?

| Elise A. Couston, SIOR

The U.S. economy is benefitting from one of the longest economic expansions in history, with more than 118 months of sustained growth, extending the longest employment expansion on record. As a result, labor market conditions have tightened in recent years, with shortages of qualified workers reported among multiple trades and occupations.

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.

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.