Minneapolis

The 175-key extended-stay hotel, which is under construction, will be located at 315 First Ave., near the Mayo Clinic's downtown campus.

If the building has an inherent personality, it can be repurposed, says John Rupp.

The firm, which received $18 million in new funding earlier this year, reports that it plans to centralize its US-based workforce in Chicago at the mHUB building at 965 W. Chicago Ave.

JLL is expected to move its existing teams in Westmont and Lombard and its approximately 350 employees, to Oakmont Point this fall.

The firm behind Built states that the new platform will offer tenants turn-key, pre-built space fully furnished with best-in-class finishes and modern workstations.

"Our initial response from residents that are living in our smart apartments has been overwhelmingly positive," says Norhart president Mike Kaeding. "We built Gateway Green for the generation that loves their technology and is also seeking community.

The Class A property, with 34,500 square feet of ground floor retail space, is expected to be ready for occupancy by the end of the first quarter of 2021.

Summit reports that the six hotels traded will produce a net gain of $36.6 million. The six hotels in the markets of Minneapolis-St. Paul, Boston, Santa Barbara (CA), Dallas and Salt Lake City totaled 815 rooms.