CHICAGO-Plan B acquired the firm to add regular third-party management to its court-ordered receivership work. The new firm will go under the Rockwell Management name.
CHICAGO-The first US Radisson Blu hotel, opening on the lower floors of the new Aqua multifamily tower, is part of the company’s 50% growth to 1,500 properties by 2015.
LONDON-Development completion stands at 22.6 million square feet, with about 50 million square feet more in the pipeline for this year. Russia and Turkey account for 41% of this figure.
In sports, and overall, Detroit has been the underdog for decades. Its baseball, hockey, basketball and even football teams have had to run at low salaries, with more of a focus on team players than on superstars – notwithstanding the great running back Barry Sanders – and even he quit the city before his prime. The Detroit Tigers baseball team’s recent playoff triumph – again – over the highly-paid, superstar-laden New York Yankees is just another example of how this rust-belt city, with high unemployment and commercial real estate vacancy – won’t just clunk away quietly.
CHICAGO-A survey of 40 health care systems by Jones Lang LaSalle revealed that the 20% that centrally manage real estate profit by almost 4%, while those that don’t had losses of 0.3%.
CHICAGO-The public relations firm signed a lease for 178,437 square feet, almost 40,000 square feet more than it had previously. Plus more Midwest news.