Crain's Chicago Business Braemar Hotels & Resorts is offering for sale Sofitel Chicago Magnificent Mile, a 415-unit hotel in the city's Gold Coast neighborhood. The Dallas REIT, formerly known as Ashford Hospitality Prime Inc., hired JLL to market the property, ...
Commercial Real Estate Direct Staff Report Morningstar DBRS estimates that the three Club Quarters hotels in Chicago, San Francisco, and Philadelphia that back a $240.7 million mortgage securitized through BX Trust, 2017-CQHP, would recover only $142.7 million in a liquidation. ...
Crain's Chicago Business Ante has paid $21 million, or $355,932/unit, for the 59-unit Portrait Apartments in the Uptown neighborhood of Chicago. The family office of Giannis Antetokounmpo, who is a member of the Milwaukee Bucks professional basketball team, acquired the ...
The North Broadway property was built in 2016 and was fully leased as of December. Tenants include Club Studio, PNC Bank, Starbucks, and Fresh Dental, which have a weighted average lease term of 13.5 years.
Crain's Chicago Business A venture of Eastham Capital and Bender Cos. has paid $24 million, or $142,857/unit, for Flats at Gladstone, a 168-unit apartment property in the Chicago suburb of Glendale Heights, Ill. Eastham, of Boca Raton, Fla., and Bender, ...
The CMBS trusts that hold a $167 million loan against the fee interest in, or ground beneath, the 1.1 million-sf office building at 300 South Riverside Plaza in Chicago have filed to take the asset through foreclosure.
Crain's Chicago Business Wintrust Bank has provided $83 million of financing for the development of the 388-unit apartment property at 1010 South Wells St. in Chicago's South Loop neighborhood. CMK Cos. is developing the complex within the eight-acre Riverline development ...
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