More than 200 results for “hospitality”
Healthcare Midwest

Welltower, CNL Healthcare exchange $1.25 billion MOB portfolio

Welltower Inc. and CNL Healthcare Properties have entered into a definitive agreement under which Welltower will acquire a Class A medical office and outpatient facilities portfolio comprised of 55 buildings from CNL Healthcare Properties for $1.25 billion. The sale is expected to close during the first half of 2019, subject to customary cl…

Student Housing N Illinois

CA Ventures launches property management company

Real estate investment holding company CA Ventures announced the expansion of its property management services under a new entity, CA Management Services (CAMS), and the promotion of Beth Pinder to chief operating officer of the newly formed, Chicago-based company. Under Pinder’s leadership, CAMS will manage CA’s growing portfolio of studen…

CRE N Illinois

Ware Malcomb moves into larger Oak Brook office

Ware Malcomb, an award-winning international design firm, has moved into a new, larger office location at 1315 22nd Street in Oak Brook, Illinois. This office move accommodates the growth of the firm’s employee and client base in the Chicago and Midwest market. Ware Malcomb also maintains a second office located at 600 W. Jackson Boulevard …

Hospitality W Minnesota

Residence Inn by Marriott opens in downtown St. Paul

The 100-suite Residence Inn by Marriott in St. Paul, Minnesota, opened earlier this month. Located at 200 Grand Ave., the all-suite Residence Inn St. Paul Downtown will operate as a Marriott franchise, developed by Kaeding Development, LLC, owned by St. Paul Hotel Ventures, LLC and managed by Compass45 Hospitality, LLC of Bloomington, Minnesota.

Net Lease N Illinois

Cap rates on the rise for net-leased medical market

| Matt Baker

Medical uses continue to migrate away from their traditional homes on hospital campuses to retail-oriented sites. Even as they are overshadowed by non-investment grade property volume, this “medtail” trend is growing in popularity among investors, sending cap rates up.

Office N Illinois

Salesforce Tower coming to Chicago, bringing 1,000 employees with it

San Francisco-based Salesforce is expanding its Chicago footprint, and will take naming rights on the last project in the Wolf Point Development when Salesforce Tower Chicago is completed. The software and cloud computing firm, which currently employs more than 1,400 in Chicago, aims to add 1,000 new jobs locally over the next five years.