News
ClubCorp Expands in Chicago with Rolling Green Country Club
Dallas, Texas-based ClubCorp, an owner and operator of private golf and country clubs has recently acquired the Rolling Green Country Club in Arlington Heights, Illinois.
Outlets of Michigan Nears Start of Construction
More than six months after unveiling plans to build an open-air shopping center in Romulus, MI, New England Development took another step forward in this project.
$148 Million Lightweight Research Center Opens in Detroit
A new innovation center officially opened in Corktown on January 15, marking another big step forward in Detroit’s drive to become a technology hub and lure back its lost manufacturing jobs.
JLL Income Property Trust Pays $16M for Chicago Parking Garage
Jones Lang LaSalle Income Property Trust, Inc. has recently completed the purchase of Ohio Ontario Self Park, a 336-stall parking garage in Chicago’s River North area.
The Pinnacle, Two Live Oak Acquired by Brookdale Group Investment Fund
Two Buckhead office towers changed hands recently, The Brookdale Group announced in a news release. The Atlanta-based privately held commercial real estate investment company’s newly formed seventh fund purchased the properties from TIAA-CREF for a combined $201 million. Cushman & Wakefield’s Capital Markets team of Atlanta represented the seller during the negotiations with Executive Directors David Meline and Stewart Calhoun, Senior Director Samir Idris and Brokerage Services Director Casey Masters in charge.
YOTEL Picks Williamsburg Site for New Micro-Hotel project
Almost four years after the first micro-hotel was successfully launched in Midtown Manhattan in 2011, the UK-based luxury hospitality chain YOTEL is planning to open a second cabin-like hotel in Brooklyn’s Williamsburg neighborhood.
$14 Million CubeSmart Self-Storage Facility Approved for Development
The Boston Redevelopment Authority (BRA) green-lighted a project proposal to transform the vacant warehouse at 99 Rivermoor Street in West Roxbury off of VFW Parkway into a high-quality self-storage facility with new loading areas and accessory uses.
Virgin Hotels Nashville will Feature Cutting-Edge Recording Studio
Hot on the heels of the opening of Virgin Hotels Chicago, Virgin Hotels’ first hotel development, the company has released details regarding Virgin Hotels Nashville, the brand’s second location.
Economy Watch: Interest Rates to Rise in the Summer? A Definite Maybe.
The Fed’s vague verbiage on whether interest-rate increase is in the cards for 2015 is interpreted to mean that it just might this year.
Duke Reduces Volume in Suburban Office Sector
Duke Realty Corp. has been quite vocal over the years about its strategy of transforming its portfolio into majority industrial and exiting many of its suburban office markets, and once again it is putting its money where its mouth is with its latest disposition.