Business Specialties
JV to Acquire and Manage Intertur Hotels
The joint venture aims to reposition and modernize the portfolio of 1,119 guestrooms through an investment program. Alua will manage the hotels and market them under its brand in 2018.
Salon Loft to Open New Location in Chicago
Salon Lofts is the new tenant at 1101 W. Randolph St. and will join the other retailer in the building, Free People, in November.
Palm Beach-Area Retail Asset Lands $46M Refi
The Class A, 120,000-square-foot PGA Plaza Shopping Center is owned by an affiliate of Menin, The property last traded in 2003.
Transwestern Retains Anchor Tenant at Chicago Office Building
Law firm Barack Ferrazzano Kirschbaum & Nagelberg LLP will continue to call the office tower at 200 W. Madison home for the next 15 years.
Office Tower Set to Rise at UD STAR Campus
JLL has been selected to lead leasing and marketing efforts for the 120,000-square-foot building, which is scheduled for completion by next year. The tower is estimated to cost about $40 million.
New Owners Rebrand Seattle High-Rise Project
Weber Thompson is serving as architect of the 41-story Arrivé. The tower is scheduled to be delivered in the first quarter of 2019.
Creation Baumann Releases First Outdoor Collection
The upholstery retailer released its first collection of durable stain-, chlorine- and saltwater-resistant fabrics, which are offered in a choice of unique patterns and colors to fit any design scheme.
Crow Holdings to Build 1.2 MSF Dallas Industrial Park
With construction expected to begin this month, I-35 Logistics Crossing is scheduled for completion next year. The development will feature two 610,806-square-foot buildings.
Out-of-State Investor Buys Retail Center in Katy, TX
Grand Crossing II is situated on one acre at the southwest corner of Interstate 10 and Grand Parkway, visible to more than 356,000 vehicles every day.
Independence Realty Trust Aims High With New HQ
The firm moved its corporate offices to Philadelphia’s tallest skyscraper and currently occupies an entire suite at the recently refurbished Two Liberty Place.