Hotel Slated for Chicago’s McCormick Place
Chicago Sun Times A Chicago investment group is spending $200 million to construct a 236-room hotel near McCormick Place. The group led by Jerry Cooper, James White, and Lewis Dodd, are constructing the hotel at 2600 S. State. It...
Wayans Brothers Proposes Studio, Mixed-Use Complex in Oakland
Wall Street Journal The Wayans brothers are moving forward with plans to build a film studio and commercial and retail development at a former army base in Oakland, Calif. The Oakland City Council voted into an exclusive negotiating agreement...
Correction: Noble Investment Group Buys Six Hotels
Noble Investment Group has acquired six hotels with a combined 754 rooms from Global Hyatt Corp. The purchase price was not released.Noble of Atlanta will invest an average of $30,000/key in converting the properties, now operated under the AmeriSuite...
Greenspan Warns Market Liquidity at “Tipping Point”
Former Fed Chairman Alan Greenspan warned attendees at the Commercial Mortgage Securitization Association's 13th Annual Convention that the abundant liquidity seen in all sectors, including real estate, was not here to stay. He said, "Enjoy it while you can."...
Columbus, Ohio, Retail Property on Sales Block for $23.3Mln
An undisclosed seller is offering for sale Chantry Square, a 243,560-square-foot shopping center in Columbus, Ohio, for $23.3 million.The seller has tapped the Columbus office of Marcus & Millichap to market the property.Chantry Square sits on 21 acres at...
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