Midwest
KBS REIT II Sells Chicago Office Building to Irvine Co. for $850M
In what CoStar called the largest single-building office transaction in Chicago history, KBS REIT II has sold 300 N. LaSalle to the Irvine Co. for $850 million.
Loews Hotels & Resorts Buys Intercontinental Chicago O’Hare Hotel
Making another move in the Midwest, Loews Hotels & Resorts signed a deal to acquire the InterContinental Chicago O’Hare Hotel, a 556-room hotel in Rosemont, Ill., just outside of Chicago.
Pathfinder, Meriwether JV to Acquire Luxury Colo. M-F Community
Pathfinder Partners has teamed with the Meriwether Cos. to acquire The Shores at Breckenridge, a planned 20-building community on the banks of the Blue River in Breckenridge, Colo.
RADCO Buys 512-Unit M-F Community in Metro Denver for $95M
The RADCO Cos. has acquired Parc Belmar, a 512-unit apartment community in Lakewood, Colo., from a local developer for $95 million.
Ascent to Develop New Data Center in St. Louis Tech Corridor for $85M
Ascent, a St. Louis-based provider of solutions for the development, design and operation of data centers, is expanding its footprint in its hometown, with plans to develop a new multi-tenant facility spread across 15 acres of a greenfield site.
Executive Insight, Mike Scilingo, Urban Innovations
Urban Innovations, an owner and manager of commercial real estate in Chicago, takes a unique viewpoint of its portfolio. Company president Mike Scilingo talks about where it’s seeking opportunity and next steps for its portfolio.
Branding Benefits: Walgreen’s Sustainability Efforts vs. the Competition
In a cut-throat, thin-margin consumer marketplace, Walgreen Co.’s portfolio sustainability endeavors help differentiate the brand from the competition.
Replicating Success: The Nuts & Bolts of Walgreen’s Net-Zero Model
In designing its retail store in Evanston, Ill., Walgreen Co. management tasked the facilities team with engineering a net-zero store that can be replicated across the country on a large-scale basis.
Starwood Retail to Buy 7 Taubman Malls for $1.4B
Starwood Capital’s two-year-old retail affiliate agrees to acquire properties in Virginia, South Carolina, Florida, Texas and Michigan.
JPMorgan Chase Makes $100M Commitment to Revitalize Detroit Communities
The city of Detroit just got a boost that will have an enduring impact. JPMorgan Chase & Co. has announced a $100 million, five-year commitment to bolster the economic recovery of the city, which, in 2013, became the largest city in U.S. history to file for bankruptcy.