Gabriel Circiog
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 Lake Michigan, the luxury property […]
Dual Trophy Towers to Rise in Moscow Mixed-Use Project
An American architectural group is designing two towers, called OKO, in Moscow’s business district. OKO will include move-in ready residential apartments. The real estate development company of this project also plans to put up The Delano Moscow hotel in the coming years.
Formal Unveiling of 1.8 MSF Devon Tower Set for Oct. 23
By Gabriel Circiog, Associate Editor The formal debut of Downtown Oklahoma City’s newest trophy property, the 50-story Devon Tower, is less than two months away. A dedication ceremony is scheduled for Oct. 23, NewsOn6.com reported. Located at 333 W. Sheridan Ave., the 1.8 million-square-foot office building serves as the headquarters for Devon Energy Corp. Designed […]
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 in December 2004 for $44 […]
Comprehensive Logistics Signs Lease for 517K SF Industrial Space
B.H. Properties LLC announced it has concluded the negotiations to lease a 517,000-square-foot industrial building in Kansas City to Comprehensive Logistics Inc.
Innovative $36 Million Renewal Project Breaks Ground
By Gabriel Circiog, Associate Editor Launching an innovative urban revitalization initiative, a coalition of public and private stakeholders has broken ground on Kendall-Whittier West Park project, a $36 million mixed-income residential development in Tulsa. Joining forces for the event were representatives of the George Kaiser Family Foundation, the University of Tulsa, the city of Tulsa and developer McCormack […]
Jabal Omar Development to Open 10 Hotel Towers in Mecca
Jabal Omar Development is planning to open 10 hotel towers in Mecca, to accommodate the growing number of annual Islamic pilgrimages to the area.
Bomsada Eyes Groundbreaking for Stalled $33M M-F Complex
By Gabriel Circiog, Associate Editor Construction of a $33 million upscale apartment complex stalled by the recession is ready to move forward after years of delay, Tulsa World reports. In the next 30 to 45 days, Houston-based Bomsada Group is set to break ground on Enclave at Brookside at 1414 E. 39th Street, Bomsada vice […]
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 regulates medical construction to avoid […]
Atterbury Launches $3B M-U Urban Development in South Africa
Atterbury Property Group has launched its $3 billion Waterfall Business Estate, one of the most ambitious mixed-use urban development projects in South Africa.