News
Supervalu Announces Strategic Shift
The company has completed the sale and leaseback of seven of its distribution centers as part of a plan to transition away from the responsibilities of running traditional retail grocery stores.
Krusinski Construction Begins Work on 113 KSF Facility in IL
School Health Corp. will occupy the entire building, which will include 24,700 square feet of office space. The company will relocate from Hanover Park to Rolling Meadows.
HREC Brokers IL Embassy Suites Sale
A joint venture between Hotel Capital and ORIX Real Estate Americas purchased the 209-key, recently renovated asset in an off-market transaction.
Real Capital Solutions Buys Chicago-Area Corporate Center
A team of HFF brokers closed the office transaction on behalf of the seller, a joint venture between TriGate Capital and Pearlmark.
Suburban Seattle Industrial Park Commands $13M
Colliers brokered the sale of the two-building Olympic Industrial Park in SeaTac, Wash., that changed hands in a 1031 exchange transaction.
Kidder Mathews Appoints New VP
Brad Van Blois, who is joining the San Francisco office, adds nearly 20 years of local commercial real estate experience to the firm’s roster.
An Integrative Approach to Workplace Strategy
In an exclusive podcast interview with CPE, Adam Stoltz, managing director of workplace experience & strategy for Transwestern, provides a blueprint for developing a data-driven plan that addresses the changing nature of work.
FirstService Residential Tapped to Manage NJ Portfolio
Alfred Sanzari Enterprises’ seven multifamily assets in Bergen and Middlesex counties include more than 500 units, which are nearly 100 percent leased.
Coachella Hotel Receives $8M Funding
The financing represents 15 percent of the total $51 million development cost for IHG-Hotel Indigo. Pace Equity secured the loan in partnership with Renew Financial.
MCR Acquires Cincinnati Hilton Garden Inn
The firm will also manage the 88-key Hilton Garden Inn Cincinnati Northeast, which features a fully equipped fitness center, a 24-hour business center and an indoor pool.