Home » Cities »  (Page 8)

Chicago


Hamilton Partners to Buy 57-Acre Kraft Foods Office Campus

Hamilton Partners to Buy 57-Acre Kraft Foods Office Campus

By Gabriel Circiog, Associate Editor Itasca-based developer Hamilton Partners has signed a contract to purchase Kraft Foods Inc.’s office campus in north Glenview and Morton Grove, ChicagoRealEstateDaily.com reports. The 57-acre suburban property, located at Gold and Waukegan roads, includes two buildings with around 500,000 square feet of office space. Hamilton…

Continue reading →

Chesapeake Lodging Trust Acquires W Chicago-Lakeshore Hotel

Chesapeake Lodging Trust Acquires W Chicago-Lakeshore Hotel

By Gabriel Circiog, Associate Editor Chesapeake Lodging Trust announced that it has purchased the W Chicago-Lakeshore hotel from Starwood Hotels & Resorts Worldwide Inc. The Annapolis-based real estate investment trust paid $126 million, or around $242,000 per key, for the 32-story hotel. Located at 644 North Lake Shore Dr. overlooking…

Continue reading →

Tishman Speyer Plans to Sell 31-Story Office Tower in Downtown Chicago

Tishman Speyer Plans to Sell 31-Story Office Tower in Downtown Chicago

By Gabriel Circiog, Associate Editor Tishman Speyer Properties LP is planning to take advantage of Chicago’s strong downtown office investment market and has decided to put up for sale a West Loop office tower, ChicagoRealEstateDaily.com reports. The 31-story office building, located at 125 South Wacker Dr., was acquired by Tishman…

Continue reading →

Advocate Health Care Plans Two Hospital Projects Totaling $455 Million

Advocate Health Care Plans Two Hospital Projects Totaling $455 Million

By Gabriel Circiog, Associate Editor Advocate Health Care plans to take advantage of record-low interest rates and is moving forward with two hospital projects totaling $455 million in the Chicago area, Crain’s Chicago Business reports. According to documents filed with the Illinois Health Facilities and Services Review Board—the entity that…

Continue reading →

Prudential Acquires Retail and Restaurant Space in John Hancock’s Center for Almost $142 Million

Prudential Acquires Retail and Restaurant Space in John Hancock’s Center for Almost $142 Million

By Gabriel Circiog, Associate Editor John Hancock Center’s retail and restaurant space has been acquired by Prudential Real Estate Investors for close to $142 million, ChicagoRealEstateDaily.com reports. As previously reported by Commercial Property Executive, a joint venture including Deutsche Bank A.G. and NorthStar Realty Finance Corp. seized the property earlier…

Continue reading →

Foreign Investors Sought for New Proposed Multi-Hotel Complex and Convention Center

Foreign Investors Sought for New Proposed Multi-Hotel Complex and Convention Center

By Gabriel Circiog, Associate Editor The Intercontinental Regional Center Trust of Chicago (IRCTC) and Chicago developer Anshoo Sethi are hoping to attract foreign investors via the EB-5 program for their proposed multi-hotel complex and convention center near O’Hare International Airport. The proposed development is projected to have a total economic…

Continue reading →

Capital One Financial Corp. Closes on 150,000-Sq.-Ft. Lease

Capital One Financial Corp. Closes on 150,000-Sq.-Ft. Lease

By Gabriel Circiog, Associate Editor In the second-largest office lease of 2012 for Chicago’s suburbs, Capital One Financial Corp. has closed on a lease of 150,000 square feet in the Atrium Corporate Center, Chicagorealestatedaily.com reports. This deal brings the office building’s occupancy rate close to 100 percent. Located at 3800…

Continue reading →

Windfall Group Plans New Commercial Building in Chicago’s Chinatown; New Restaurant Announced for Hard Rock Hotel Chicago

Windfall Group Plans New Commercial Building in Chicago’s Chinatown; New Restaurant Announced for Hard Rock Hotel Chicago

By Gabriel Circiog, Associate Editor Windfall Group USA is under contract to acquire one of the most coveted pieces of property in Chicago’s Chinatown and plans to build a 100,000-square-foot commercial building, Crain’s Cleveland Business reports. The Cleveland-based developer plans to construct the six-story commercial building on the southwest corner…

Continue reading →

Chicago Lakeside Development Recognized as a Top Sustainable Solution at Rio+20

Chicago Lakeside Development Recognized as a Top Sustainable Solution at Rio+20

By Gabriel Circiog, Associate Editor The United Nations launched its newest worldwide initiative “Sustainia100” at the Rio+20 conference in Rio de Janeiro. The initiative, which focuses on sustainability solutions and sustainable cities, was celebrated by nominating 100 world leading projects and undertakings. In the presence of international sustainability icon Gro…

Continue reading →

Sunstone Hotel Investors to Purchase Hilton Garden Inn Chicago Downtown

Sunstone Hotel Investors to Purchase Hilton Garden Inn Chicago Downtown

By Gabriel Circiog, Associate Editor Sunstone Hotel Investors Inc. has entered into a purchase and sale agreement to acquire the Hilton Garden Inn Chicago Downtown/Magnificent Mile for a gross purchase price of $91.75 million. The 357-room hotel, located at 10 E. Grand Ave. in downtown Chicago, is expected to generate…

Continue reading →

Waterton Residential Acquires Boutique Seneca Hotel; Two Affordable Housing Projects Receive $11M Support

Waterton Residential Acquires Boutique Seneca Hotel; Two Affordable Housing Projects Receive $11M Support

By Gabriel Circiog, Associate Editor Chicago’s Seneca Hotel has been acquired by Waterton Residential, a subsidiary of Waterton Associates LLC. The boutique hotel, located in the Gold Coast neighborhood, will be restored to a select apartment community, with renovated apartments available for occupancy beginning in mid-June. The 260 newly restored…

Continue reading →

MB Real Estate Expands Leasing Portfolio in Downtown Chicago

MB Real Estate Expands Leasing Portfolio in Downtown Chicago

By Gabriel Circiog, Associate Editor MB Real Estate has announced the expansion of its leasing portfolio to over 14.4 million square feet. The Chicago-based company, founded in 1982, has been awarded five new leasing assignments in downtown Chicago. The new additions include 300 E. Randolph—a 57-story tower owned and anchored…

Continue reading →