Gabriel Circiog
DiamondRock Hospitality Completes Renovation of 821-Room Hilton Minneapolis
DiamondRock Hospitality Company recently announced that it has successfully completed its $13 million renovation of the Hilton Minneapolis. The revamping project, which started in November 2013 included guest rooms, guest bathrooms and corridors.
TwinRock Partners Pays $16.5M for Tulsa M-F Complex; Rogers State Breaks Ground on $11.5M Student Housing Project
Newport Beach, California-based TwinRock Partners recently acquired the Copper Mill Apartments from Fayetteville, Arkansas-based Trinity Multifamily for $16.5 million.
Brennan Investment Group and Westminster Capital Sell Ogden Corporate Center
Chicago-based Brennan Investment Group LLC and its joint venture partner Lake Forest, Ill.-based Westminster Capital recently announced the sale of Ogden Corporate Center to a private investor.
Brookfield Office Properties Inc. Sells 50 Percent Stake in Denver’s Tallest Building to MetLife
Brookfield Office Properties Inc. recently announced it has sold a 50 percent stake in the Republic Plaza office building and entered into a 50/50 joint venture partnership with MetLife on the office tower in a transaction valuing the property at $480 million. Net proceeds to Brookfield are around $98 million. Brookfield will retain management and leasing responsibilities at the property.
AC Development Breaks Ground on M-U Stonebridge Village Project; Hunt Properties Starts Work on Shawnee Marketplace
Local officials and developers recently gathered for the ground breaking ceremony of the Stonebridge Village development in Enid, Oklahoma.
CenterPoint Energy Announces Acquisition of New Facility; Hines REIT Sells $67M Portfolio
Houston, Texas-based CenterPoint Energy recently announced it has closed on the purchase of a new 100,000-square-foot facility in Minneapolis. Located at 505 Nicollet Mall, the new location will house over 300 natural gas employees from two locations, but primarily from leased space at LaSalle Plaza.
Historic 850 Lake Shore Drive Earns Recognition from Chicago Association of Realtors
The conversion of the historic Lake Shore Athletic Club building into luxury apartments has won the 2014 Chicago Association of Realtors Good Neighbor Award. The distinction honors groundbreaking new and newly rehabbed or redeveloped properties in the Chicago metropolitan region that have augmented economic vibrancy in their neighborhood and boosted local pride.
United Properties Acquires 24 Acres and Expands EBC Development in Stapleton
United Properties recently announced that it will expand its industrial development Enterprise Business Center. The Minneapolis-based developer and investor has acquired an additional 24 acres east of its EBC development from Forest City Stapleton Inc., the master developer for the redevelopment of Stapleton.
Roundy’s Announces Sale of 18 Rainbow Stores and Full Exit from Minneapolis/St. Paul Market
Roundy’s Inc. recently announced that it has decided to fully exit the Minneapolis / St. Paul market. The company has entered into definitive agreements to sell 18 Rainbow stores in the Minneapolis / St. Paul market to a group of local grocery retailers, including Supervalu Inc.
Inland American Plans 23,000-Square-Foot Expansion at Tulsa Hills Shopping Center
Tulsa Hills Shopping Center is set to undergo a 23,000-square-foot expansion which is scheduled to be completed by November, 2014.