Business Specialties
300 KSF Chicago Arena to Open at McCormick Square
Prairie District 3 Partners developed Wintrust Arena, which will serve as the new home to DePaul University’s basketball teams. The multi-purpose venue will also host concerts and special events.
Eco Group Plans $800M M-U Project Near Raleigh-Durham
The 350-acre live-work-play development known as Mosaic will break ground in 2018. Phase one will yield 44 acres of entertainment and lifestyle accommodations at a construction cost of $140 million.
AQUILA Inks Lease Renewal at Austin Office Park
Kristi Svec Simmons and Max McDonald of AQUILA Commercial worked on behalf of the tenant in the lease negotiations. Metadot Corp. is the company behind Das Keyboard, Mojo Helpdesk and Montastic.
DC-Area Office Asset Lands $33M Loan
The six-story property is close to Twinbrook Metro Station and last underwent thorough renovations in 2004. The current owner bought the building in 2005 from JBG Cos.
Empire State Realty Inks 85 KSF at NYC Office Asset
The company secured the American Society of Composers, Authors and Publishers with a long-term lease to occupy four floors at 250 West 57th St. in Manhattan. CBRE represented ASCAP in the negotiations.
Hyatt Hotel Coming to Indianapolis’ Historic District
HRI Properties broke ground on the sire, which will consist of a 186-key Hyatt Place Hotel and 130-key Hyatt House Hotel.
Talent Hunt, Tech Challenges Top Leaders’ Agenda
At IREM’s Global Summit, the heads of four national organizations shared insights about expanding the industry’s talent pool, managing Millennial workers and keeping up with technology.
Cambria Hotels Breaks Ground in South Boston
Choice Hotels International is expanding its U.S. footprint with the addition of Cambria Hotel South Boston to its portfolio. The hotel is expected to open in 2019.
Ft. Lauderdale-Area Retail Center Changes Hands
David Donnellan and Patricia Friend of CBRE’s South Florida Retail Investment Properties team assisted the seller in the transaction. Florida Credit Union originated the acquisition financing.
HDR Opens New LA Studio
The architectural, engineering and consulting firm leased more than 25,000 square feet of office space in downtown Los Angeles. The company selected Usman Tariq to lead the new location.