CHICAGO-Starwood Hotels & Resorts Worldwide gets $122,093 per room for the Gold Coast asset from the Miami-based multifamily developer, which appears inclined to keep the welcome mat out for guests.
LINCOLNSHIRE, IL-Strategic Hotel Capital Inc. is readying its 390-room, 170-acre resort property along Milwaukee Avenue for sale, as it already has with the 398-room Marriott Schaumburg. It hopes to buy more properties like the Fairmont Chicago, which it has agreed to pay $154.7 million.
CHICAGO-Pasadena, CA-based Tetra Tech Inc. is lured by furnished space on the 37th floor, aggressive lease terms and a location closer to Metra's busiest commuter terminals.
CHICAGO-The 813,000-sf Northstar Center in Minneapolis and 261,000-sf Watergate office building in Washington, DC are likely to be among the next assets sold by Trizec Properties, Inc. A sale of Northstar Center would trim the REIT's markets to nine, from 19 in 2003.
CHICAGO-The 813,000-sf Northstar Center in Minneapolis and 261,000-sf Watergate office building in Washington, DC are likely to be among the next assets sold by Trizec Properties, Inc. A sale of Northstar Center would trim the REIT's markets to nine, from 19 in 2003.
BOLINGBROOK, IL-The New Jersey-based company, which has targeted bulk warehouses in major distribution markets, pays $14 million for a 288,000-sf bulk warehouse in Crossroads Business Park. That offsets $15 million in sales to Morgan Stanley Real Estate for warehouse assets in Elmhurst and Glendale Heights.
BOLINGBROOK, IL-The New Jersey-based company, which has targeted bulk warehouses in major distribution markets, pays $14 million for a 288,000-sf bulk warehouse in Crossroads Business Park. That offsets $15 million in sales to Morgan Stanley Real Estate for warehouse assets in Elmhurst and Glendale Heights.
CHICAGO-Raymond M. Braun joins the brokerage firm's office investment properties group a year after Transwestern Investment Co. bought out Great Lakes REIT, where he oversaw 7.5 million sf of suburban office deals.
CHICAGO-Teaming with Ohio Public Employees Retirement System on a $500-million fund, the Jackson, MS-based REIT could add to its single holding here, the 1.1-million-sf 233 N. Michigan Ave.
CHICAGO-The sale of 99 assets totaling 11.1 million sf puts the largest US office REIT past the low end of its 2005 target, and officials think they may exceed the top end.