Midwest
Investors Ink Major Hotel Deals in L.A., Chicago
Deep-pocketed investors are returning to hotels as an investment vehicle, with two more big properties changing hands recently in major U.S. markets.
LaRue Tapped as New Forest City CEO
David LaRue will succeed current Forest City Enterprises Inc. president & CEO Charles Ratner as of June 10, 2011. LaRue is the first non-Ratner family member to take the position.
IPD Seminar: CRE Recovery Also Depends on Jobs
Now that the economy is chugging along, will employers start hiring enough workers to put the millions of Americans who lost their jobs in the wake of the Panic of 2008 back to work? Probably, but indications are that labor will continue to see a slow recovery — the slowest, in fact, in modern times.
$600M Cleveland Casino Moves Forward with Land Purchase
Developed by Rock Ohio Caesars Cleveland L.L.C., the project is one of four to emerge from a constitutional amendment approved by the state’s voters in 2009.
Wilton Purchases Vintage Chicago Building
The REIT’s first purchase, 65 E. Wacker Place, culminates a more than two-year search for a value-added area property.
Angelo, Gordon Takes Suburban Cincinnati Industrial Asset
Stan Johnson Co. arranged the sale of the 335,700-square-foot property for Cincinnati United Contractors, which developed the property in 2001.
Saia Promoted to Associate VP, Investments
Tammy Saia was most recently a senior associate & director of Marcus & Millichap’s national retail group and net leased property group in the Oak Brook, Ill., office.
Brookfield Closes on Sale, $120M Financing of Chicago Office Building
Brookfield Asset Management sold 300 S. Riverside Plaza, a Class A office building in Chicago’s West Loop submarket.
Chicago’s Hyatt Center Trades for $625M
Hyatt Center, the 1.5 million square-foot office high-rise at 71 Wacker Drive in Chicago, is now part of The Irvine Company’s office portfolio.
Colliers Expansion Leads into Kansas City
Colliers International continued its 10-year growth effort with the addition of Kansas City service leader The Winbury Group.