More than 200 results for “hotel”
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.

Legal N Illinois

Real estate lawyer Andrew White joins Winston & Strawn

Winston & Strawn LLP announced the addition of real estate finance attorney Andrew White as a partner in the firm’s Chicago office. White, who served as office practice chair at his prior firm, focuses his practice on raising private equity capital and forming joint ventures to own, operate, develop and finance a full range of property clas…

Multifamily N Illinois

275-unit South Loop multifamily project breaks ground

Draper and Kramer, Incorporated announced that it has started construction on 2111 S. Wabash Avenue, a 24-story, 275-unit building in the McCormick Square area of Chicago’s South Loop. Located less than one block from the CTA’s Cermak/McCormick Place Green Line station, the transit-oriented development will offer residents a convenient loca…

Multifamily W Minnesota

McGough building 402-unit apartment project near Minneapolis

McGough has started construction on its latest development project, The Fenley, a 402-unit multi-family complex at Bloomington Central Station in Bloomington, Minnesota. The high-end apartment project is the third multi-family development on the company’s 50-acre master planned site, which has sought to revitalize and create a new mixed-use…

Hospitality Midwest

For hotels, it’s all about the experience

| Matt Baker

Brand loyalty used to drive hotel guests’ decisions, but there’s been a shift toward experience. In order to balance guests’ desires for convenience and exclusivity, the hospitality industry has had to transform, offering the loyalty points, booking expediency and other features of a chain hotel with the hip feel and cutting-edge amenities …

Hospitality X Missouri

Missouri city welcoming first Avid hotel

The City of Belton, Missouri, has approved development plans for a 95-room Avid Hotel by Intercontinental Hotels Group. Located on the north side of 58 Highway just west of Markey Parkway, the four-story hotel is expected to be the first Avid concept to open in the Kansas City area.

CRE N Illinois

DMAC Architecture promotes Kavitha Marudadu to associate principal

Kavitha Marudadu, AIA, LEED, has been promoted from project architect to associate principal for Evanston, Illinois-based DMAC Architecture. In this new role, she will spearhead projects under the guidance of Dwayne MacEwen, AIA, principal and creative director of DMAC, while providing high-caliber design and services.