Gabriel Circiog
MetLife Inc. Acquires EnV 294-Unit Luxury Apartment Tower
By Gabriel Circiog, Associate Editor
MetLife Inc., through a subsidiary, has purchased EnV, a luxury multifamily property in Chicago’s River North neighborhood. The 29-story high rise was acquired from LYND Development Partners, the developer of the tower. CBRE’s Chicago office, on […]
Hennepin County Seeks Partners for Interchange Transit Hub
By Gabriel Circiog, Associate Editor
Hennepin County is seeking partners for the proposed $67.7 million Interchange transit hub in downtown Minneapolis, Finance & Commerce reports.
A developer is sought to build on a 30,000-square-foot county-owned lot, next to the main Interchange […]
Encore Multi-Family LLC to Build Luxury Apartment Community; Centura Health Sells 5 Medical Office Buildings
By Gabriel Circiog, Associate Editor
Encore Multi-Family LLC finalized the financing for its next development project in the Denver suburb of Thornton, which will mark the beginning of the company’s Western expansion. Encore Highpointe Park will feature 220 luxury apartment homes […]
Hearn Co. Acquires 55 W. Monroe St. Office Tower; John O’Donnell Plans New Office Building
By Gabriel Circiog, Associate Editor
The 803,000-square-foot office high-rise at 55 W. Monroe St. has been purchased by Hearn Co. for $136 million, ChicagoRealEstateDaily.com reports. The deal was brokered by Chicago-based Jones Lang LaSalle Inc., which announced Hearn financed the acquisition […]
Marriott Marquis Hotel and Marina $182 Million Upgrade Project Reaches California Coastal Commission for Final Approval
By Gabriel Circiog, Associate Editor The San Diego port directors have approved the upgrade project for the Marriott Marquis hotel and marina. Signon San Diego reports the plan is off to the California Coastal Commission for final approval. The $182 million project features interior remodeling, replacing the Marriott Hall which is located west of the […]
GE Capital Looking to Offload Three Suburban Office Complexes
By Gabriel Circiog, Associate Editor
GE Capital will sell three suburban office complexes, totaling around 1.2 million square feet, ChicagoRealEstateDaily.com reports. The properties were acquired in 2007 by the General Electric Co. for $302 million but they are likely to get […]
Grandview TIF Commission is Reviewing Two Redevelopment Proposals for Landmark Truman Corners Shopping Center
By Gabriel Circiog, Associate Editor Two plans have emerged for the redevelopment of the Truman Corners Shopping Center, the deteriorating suburban landmark. The Kansas City Star reports that the Grandview Tax Increment Financing Commission is reviewing two proposals. Truman Corners, located off U.S. 71 at Blue Ridge Boulevard, opened in 1957 and was deemed one of […]
AMLI Residential Acquires 197-Unit Park Avenue Lofts; Kimco Expands Metro Denver Area Portfolio
By Gabriel Circiog, Associate Editor
AMLI Residential, a Chicago-based real estate investment company focusing on the development, acquisition and management of luxury apartment communities, has acquired Park Avenue Lofts in downtown Denver.
The 197-unit complex, located at 755 E. 19th Avenue, […]
Minneapolis Downtown Council Unveils Downtown 2025 Plan
By Gabriel Circiog, Associate Editor
The Minneapolis Downtown Council has unveiled an ambitious 15-year plan for the city’s central business district. Finance & Commerce reports that the plans, which will include the new Vikings stadium near Target Field, are worth around […]
Minneapolis Continues to Support Target Center Renovation
By Gabriel Circiog, Associate Editor
City of Minneapolis officials vow to continue backing the city-owned Target Center renovation, Finance & Commerce reports. Although the city would like to carry out the work in parallel with the construction of a new football […]