More than 200 results for “hospitality”
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.

CRE N Illinois

For cap rates, stability the driving force

| Matt Baker

During the second half of 2018, capitalization rates broadly remained stable, buoyed by a trio of macro factors—positive economic growth, abundant capital and a favorable supply/demand environment. This held true in the Chicago market, where only industrial saw a modest drop.