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CHICAGO-The largest US REIT's "very strong business position, solid management and operating infrastructure, and its large, well-diversified portfolio" allows Standard & Poor's to rate the company's outlook as stable.
CHICAGO-Equity Residential Properties Trust and CEO Douglas Crocker II predicts a slowdown in multifamily construction as well as fewer single-family home buyers will add up to another strong year for his REIT.
CHICAGO-If Hyatt Corp. had to do it all over again, local opposition and city approvals might prove to be barriers to build its luxury Park Hyatt, says John Lyons, head of development for the Hyatt Corp.
CHICAGO-The nation's largest industrial REIT posted a 10.1% increase in FFO to $3.66 per share in 2000 even after a 9.6% fourth-quarter increase. It's geographic refocus includes exiting eight markets.
CHICAGO-The banking industry gets a tip of the proverbial hat from Grubb & Ellis real estate advisory services president John G. Orrico for keeping the dot-com woes to a minimum nationwide.
CHICAGO-The local hotel market is expected to remain stable through 2001, though some operators may find themselves facing more competition as the economy slows.
ROSEMONT, IL-Marriott International Administrative Services Inc. has leased 35,347 sf in ORIX Real Estate Equities Inc.'s 11-story, 263,000-sf office, hotel and retail development.
CHICAGO-The local hotel market is expected to remain stable through 2001, though some operators may find themselves facing more competition as the economy slows.
CHICAGO-Peter Block and Tamara Kos of Cushman & Wakefield's Chicago office have been retained by developer SoGO Partners to lease the remaining 40,000 sf in three buildings at Hubbard and Noble streets.
WAUKEGAN, IL-Michel Co. is moving to a 15,329-sf building at 1151 S. Northpoint Blvd. in this far north suburb from 4664 N. Pulaski Avenue on Chicago's Northwest Side.