OAK BROOK, IL-Although substantially larger than the typical asset in the fledgling portfolio, Inland Real Estate Corp.'s joint venture, New York State Teachers' Retirement System, can't say no to the southwest suburban power center's 7.6% capitalization rate.
CHICAGO-Milwaukee-based Marcus Corp. picks the mid-price business and leisure travel brand for the 226-room hotel at 630 N. Rush St., which had been slated to be a Baymont Inn & Suites before the company sold its limited-service hotel division last year.
OAKBROOK TERRACE, IL-Larry L. Goldwasser has mined the city and western Cook County suburbs, carving a niche in deals involving rezoning and redevelopment. He has closed $60 million in deals since 2001.
CHICAGO-Once again the sole owner of the one-million-sf East Loop asset after buying out Investcorp International's 70% share for $139.7 million, Jackson, MS-based Parkway Properties is taking calls from potential partners.
CHICAGO-The 90 distribution assets at 25 US and Canadian airports is 93% leased and believed to be the largest portfolio of privately held air cargo facilities to change hands, reportedly for $800 million.
CHICAGO-The 90 distribution assets at 25 US and Canadian airports is 93% leased and believed to be the largest portfolio of privately held air cargo facilities to change hands, reportedly for $800 million.
CHICAGO-General Growth Properties will consider redeveloping anchors into new "streetscape," restaurant or entertainment space. The REIT has 19 overlapping anchors in its portfolio once the $17-billion merger of Federated Department Stores and May Co. goes through.
CHICAGO-General Growth Properties will consider redeveloping anchors into new "streetscape," restaurant or entertainment space. The REIT has 19 overlapping anchors in its portfolio once the $17-billion merger of Federated Department Stores and May Co. goes through.
CHICAGO-The second-largest US retail REIT says it will test the market for 2.3 million sf of office and industrial properties it acquired in the $12.3-billion acquisition of Rouse Co.
CHICAGO-Three Italian clothiers, along with Banana Republic and Barton Gym, are in the retail mix at the $336-million retail complex at the site formerly known as Block 37.