Gabriel Circiog
Swedish Retailer IKEA Announces Plans for a 380,000 SF Store in St. Louis
Popular Swedish retailer IKEA recently announced it is submitting plans to the City of St. Louis for a store that will increase its presence in the Midwestern United States. A Kansas City-area store is already under construction and is on track to open in the fall of 2014 in Merriam, Kansas.
Lights, Camera, Action: Warren Launches $45M Movie Theater in Broken Arrow
Warren Theatres LLC recently announced that they have broken ground on a new $45 million luxury theatre complex in Broken Arrow, Oklahoma. The new theatre will be located on the north side of Tucson Street, on a 25-acre site, halfway between Aspen Avenue and Elm Place.
Glenview Park District Opens Glenview Prairie Club – Golf & Paddle Facility to the Public
The Glenview Park District recently inaugurated the Glenview Prairie Club – Golf & Paddle. The 2,600-square-foot clubhouse facility is now open to the public as an amenity to the state-of-the-art four on-grade paddle tennis courts and the Glenview Park District nine-hole golf course.
Cole Real Estate Investments Acquires Hillshire Brands Company Headquarters for $97.5M
Cole Real Estate Investments has recently announced the acquisition of The Hillshire Brands Company headquarters on behalf of Cole Corporate Income Trust Inc. for $97.5 million.
Regency Centers Corporation Breaks Ground on $50M First Phase of Shops on Main
Regency Centers Corporation has broken ground on the first phase of Shops on Main, a 147,851-square-foot community shopping center in Schererville, Ind.
NY Developer Plans Boutique Gay-Friendly Hotel in Boystown
New York-based Parkview Developers LLC plans to open a gay-friendly hotel in the heart of Boystown. The approximately 112-room hotel would be located on the 3300 block of North Halsted Street and would be called Out Chicago, according to Ian Reisner, managing partner of the development firm.
Retail Properties of America Inc. Sells Aon Hewitt Property; Walgreens Opens Store in Restored Noel State Bank Building
Retail Properties of America Inc. has announced the sale of the Aon Hewitt Property. Located in Lincolnshire, Ill. at 4 Overlook Point, the 818,686-square-foot office property is fully leased to Aon Corporation. The six-story office building is situated around 31 miles north of Chicago and was sold for $148 million to an undisclosed buyer.
New York Investors Buying Up Prime Office Properties in Downtown Chicago
A venture led by Michael Silberberg of Nanuet, N.Y.-based Berkley Properties LLC has agreed to buy the downtown Chicago Bank of America Building for $97 million.
LANE4 Lands Two Major Healthcare Tenants for $50M Mixed-Use Development
Two major healthcare tenants will be anchoring the second phase of LANE4 Property Group’s 39Rainbow, a $50 million mixed-use development in Kansas City, Kan.
Cordish Companies will Add Two Residential Developments to the Power & Light District
By Gabriel Circiog, Associate Editor The developer of the Power & Light District, Baltimore-based Cordish Companies, is planning to add two residential projects to the mix, which will represent a $70 million investment, The Kansas City Star reports. Located in the heart of downtown Kansas City, with more than a half million square feet of […]