Sterling Bay Company
Akara Partners Lands $57M Refi for Chicago Hotel
The company will use the proceeds to refinance the construction loan on the extended-stay Home2Suites by Hilton downtown property.
Sterling Bay Opens Fulton Market Hyatt
The 200-key extended-stay hotel broke ground in 2018, with the developer financing the project through a $42 million construction loan.
PREMIER Design Breaks Ground on IL Facility for Sterling Bay
The company will work with Cornerstone Architects and Spaceco to develop the 153,000-square-foot industrial facility, which will provide extensive frontage on Interstate 55.
Sterling Bay Enters Miami With Creative Office Project
The Chicago-based company and its partners acquired a site in the Wynwood neighborhood for roughly $19 million and plan to begin construction of a 10-story, Class A project.
Sterling Bay Welcomes Chicago Director
Scott Rafferty will be in charge of consolidating and expanding the company’s relationships with investors, diversifying the portfolio and finding new opportunities for placing capital.
Skender Launches Interior Construction for 207 KSF Chicago Office
The riverfront property, which is part of Sterling Bay’s Lincoln Yards development, will become the new home of Fortune 500 company C.H. Robinson.
Sterling Bay Nails Down $181M Loan for Chicago Tower
The Class A office project continues the company’s streak of high-profile deals on the city’s Near West Side, including acquisitions, new developments and adaptive-reuse projects.
Skender Breaks Ground on Hyatt House Hotel in Chicago
Sterling Bay is developing the project at 105 N. May St., which will be the first extended-stay lodging property in the city’s Fulton Market neighborhood.
Two Equity Commonwealth Office Assets Fetch $670M
In separate deals, the company has closed on the disposition of both 600 W. Chicago Ave. in Chicago and 1600 Market St. in Philadelphia.
Sterling Bay Buys Chicago Office Tower for $510M
In its largest purchase ever, the REIT snapped up the 1.6 million-square-foot 600 W. Chicago Ave., home to Groupon’s headquarters, from Equity Commonwealth.
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