CHICAGO—Officials from Thornton Tomasetti, an international engineering firm, say that the Global Hub, the new home of Northwestern University's Kellogg School of Management in suburban Evanston, has been awarded the Post-Tensioning Institute's 2017 PTI Project Award. Thornton Tomasetti provided structural and façade engineering for the project. The award was presented at a May 1 ceremony in conjunction with PTI's convention in Atlanta. The organization gives the awards biennially to recognize excellence in post-tensioning concrete design. Global Hub took top honors in the buildings category. Designed by Toronto-based architecture firm KPMB Architects, the 415,000-square-foot Global Hub sits on the shore of Lake Michigan and features an undulating design that mirrors its surroundings. To achieve the curving shape, extensive cantilevering and post-tensioning were introduced.

GRAND RAPIDS, MI—Triad Real Estate Partners has just hired Evan Riggle as its new national director of multifamily. Furthermore, the company just opened a new office in Grand Rapids, MI. Riggle brings nearly 10 years of real estate experience to the table, most recently with The Bradley Co., a former CBRE affiliate in South Bend, IN. He specializes in representing multifamily owners/operators throughout the Midwest ranging from private equity firms to public REITS. He has extensive experience in acquisitions, dispositions, underwriting, valuation and market analysis. At Triad, he will work with partners Sean Lyons, Shaun Buss and Ryan Tobias to grow the firm's multi-family practice across the Midwest.

DEALTRACKER

COLUMBUS—Holliday Fenoglio Fowler, LP has just closed the sale of the 259-suite Sheraton Suites Columbus in Columbus. HFF represented the owner in the sale of the property to Columbus-based Regal Hospitality. The hotel was sold unencumbered by management. The hotel also includes 3,185 square feet of meeting space, The Grill and The Lounge food and beverage outlets, an outdoor pool and sundeck, an indoor pool, fitness center, gift shop, business center and club lounge. The property sits on a 4.21-acre site at 201 Hutchinson Ave. directly off of and visible from I-270. The HFF investment sales team representing the owner was led by managing director Denny Meikleham and director Alan Suzuki.

BUILDING BLOCKS

ST. PAUL, MN—After starting development of an initial 82,000 square foot phase of the Hazelwood Medical Center last fall, Davis is now expanding the building to its maximum capacity of 148,000 square feet to meet growing tenant demand. The firm expects to open the facility in October. Located on a nine-acre site at 2945 Hazelwood St., west of HealthEast's St. John's Hospital in the St. Paul suburb of Maplewood. Owned by Davis, the facility will enable HealthEast to consolidate many of its healthcare services and specialties into one location. Officials at Davis, a Minneapolis-based healthcare real estate development, property management, brokerage and investment firm, said the expansion is necessary because of strong leasing activity. “The initial space will allow HealthEast to relocate many of its services there, providing an integrated one-stop healthcare destination,” says Mark A. Davis, principal of Davis. “The increased interest in the facility has enabled us to obtain signed leases from a number of additional high-quality healthcare providers so we can fully develop out the project.”

JOLIET, IL—Morgan / Harbour has just completed the design and construction of a 121,680 square-foot office/warehouse/distribution center for Odyssey Logistics & Technology's intermodal metals transport business unit, CMI Logistics LLC in Joliet, IL. The distribution center is located on an 11.94 acre parcel on Cedar Creek Dr. in the CenterPoint Intermodal Center-Joliet. Centerpoint Properties hired Morgan/Harbour to complete the new build-to-suit metal transload facility. Morgan / Harbour's construction team includes vice president of construction Joe Zosky as project executive, senior project manager Dan Gil, assistant project manager Lara Beresoff, and superintendents Jim McCarron and Nick Pullara. Cornerstone Architects provided the architectural design services. Civil engineering was by Cemcon, Ltd., and Grivas-Krause Associates, Ltd. was the structural engineer.

BY THE NUMBERS

CHICAGO—The pace of growth in renter households is much stronger in many suburban areas than their respective urban cores, according to a new study of census data by RENTCafé. Suburban Chicago, for example, gained 57,600 new renter households by 2015, up 12% from 2011. Meanwhile, the city saw the addition of only 37,000 renter households over the same period, or half the growth rate. And even though renting is still more common in principal cities than in adjacent suburbs, in Chicagoland, that gap is narrowing. RENTCafé found that 56% of renters are living in urban areas while 44% call the suburbs home.

NEWS & NOTABLES

CHICAGO—Officials from Thornton Tomasetti, an international engineering firm, say that the Global Hub, the new home of Northwestern University's Kellogg School of Management in suburban Evanston, has been awarded the Post-Tensioning Institute's 2017 PTI Project Award. Thornton Tomasetti provided structural and façade engineering for the project. The award was presented at a May 1 ceremony in conjunction with PTI's convention in Atlanta. The organization gives the awards biennially to recognize excellence in post-tensioning concrete design. Global Hub took top honors in the buildings category. Designed by Toronto-based architecture firm KPMB Architects, the 415,000-square-foot Global Hub sits on the shore of Lake Michigan and features an undulating design that mirrors its surroundings. To achieve the curving shape, extensive cantilevering and post-tensioning were introduced.

GRAND RAPIDS, MI—Triad Real Estate Partners has just hired Evan Riggle as its new national director of multifamily. Furthermore, the company just opened a new office in Grand Rapids, MI. Riggle brings nearly 10 years of real estate experience to the table, most recently with The Bradley Co., a former CBRE affiliate in South Bend, IN. He specializes in representing multifamily owners/operators throughout the Midwest ranging from private equity firms to public REITS. He has extensive experience in acquisitions, dispositions, underwriting, valuation and market analysis. At Triad, he will work with partners Sean Lyons, Shaun Buss and Ryan Tobias to grow the firm's multi-family practice across the Midwest.

DEALTRACKER

COLUMBUS—Holliday Fenoglio Fowler, LP has just closed the sale of the 259-suite Sheraton Suites Columbus in Columbus. HFF represented the owner in the sale of the property to Columbus-based Regal Hospitality. The hotel was sold unencumbered by management. The hotel also includes 3,185 square feet of meeting space, The Grill and The Lounge food and beverage outlets, an outdoor pool and sundeck, an indoor pool, fitness center, gift shop, business center and club lounge. The property sits on a 4.21-acre site at 201 Hutchinson Ave. directly off of and visible from I-270. The HFF investment sales team representing the owner was led by managing director Denny Meikleham and director Alan Suzuki.

BUILDING BLOCKS

ST. PAUL, MN—After starting development of an initial 82,000 square foot phase of the Hazelwood Medical Center last fall, Davis is now expanding the building to its maximum capacity of 148,000 square feet to meet growing tenant demand. The firm expects to open the facility in October. Located on a nine-acre site at 2945 Hazelwood St., west of HealthEast's St. John's Hospital in the St. Paul suburb of Maplewood. Owned by Davis, the facility will enable HealthEast to consolidate many of its healthcare services and specialties into one location. Officials at Davis, a Minneapolis-based healthcare real estate development, property management, brokerage and investment firm, said the expansion is necessary because of strong leasing activity. “The initial space will allow HealthEast to relocate many of its services there, providing an integrated one-stop healthcare destination,” says Mark A. Davis, principal of Davis. “The increased interest in the facility has enabled us to obtain signed leases from a number of additional high-quality healthcare providers so we can fully develop out the project.”

JOLIET, IL—Morgan / Harbour has just completed the design and construction of a 121,680 square-foot office/warehouse/distribution center for Odyssey Logistics & Technology's intermodal metals transport business unit, CMI Logistics LLC in Joliet, IL. The distribution center is located on an 11.94 acre parcel on Cedar Creek Dr. in the CenterPoint Intermodal Center-Joliet. Centerpoint Properties hired Morgan/Harbour to complete the new build-to-suit metal transload facility. Morgan / Harbour's construction team includes vice president of construction Joe Zosky as project executive, senior project manager Dan Gil, assistant project manager Lara Beresoff, and superintendents Jim McCarron and Nick Pullara. Cornerstone Architects provided the architectural design services. Civil engineering was by Cemcon, Ltd., and Grivas-Krause Associates, Ltd. was the structural engineer.