Property Types Office
Chicago Development Officials Green-Light Increased Subsidy for Loop Project
May 14, 2008
Source: Crain's Chicago Business

Chicago development officials have given their approval to an increased subsidy for a Michigan developer who wants to convert a landmark Loop office building into apartments. On Tuesday, the Chicago Community Development Commission voted for $20 million in tax-increment financing for the project spearheaded by Village Green Cos. -- an amount $12 million higher than originally intended.

Based in Farmington Hills, Mich., Village Green is seeking to redevelop the 45-story office tower at 188 Randolph St.  into 313 apartments, 20 percent of which will be affordable housing. The building was originally constructed in 1930 and has recently fallen into a dilapidated state, according to Crain's Chicago Business.

 
Recent Office Headlines
Tenet Healthcare Takes 165,000 SF in Downtown Dallas
Aug. 08, 2008
Tenet Healthcare Corp., an owner of hospitals and other medical facilities nationwide, is planning to move its headquarters to Downtown Dallas. The company, which only moved to the Dallas area from Southern California in 2004, will lease about 165,000 square feet for 10 years at the 1.2 million-square-foot Fountain Place at 1445 Ross Ave.
Eaton Vance Funds Grab Two-Building Suburban D.C. Office Complex for $95M
Aug. 08, 2008
A two-building office property occupied by CareFirst BlueCross BlueShield in Owings Mills, Md., has been sold to two owners.
Tech Firm Renews Lease of Orange County Home
Aug. 08, 2008
TechSpace will be able to call the buildings at 65 and 75 Enterprise in Aliso Viejo, Calif., home for quite some time now that the company has signed a long-term lease with property owner RREEF.
Construction Kicks Off on Tech Firm's Office Building in Loveland
Aug. 08, 2008
Ground has broken on Waltham, Mass.-based Constant Contact Inc.'s new 50,000-square-foot office building in Loveland, Colo. Located near the intersection of Rocky Mountain Ave. and Test Dr. in Precision Office Park at Centerra, the build-to-suit facility will mark the e-mail marketing provider's first foray beyond its corporate headquarters home in Massachusetts. McWhinney is on board to oversee development activity, and Dohn Construction is serving as general contractor. Work is scheduled to reach completion in early 2009.
Financing for Suburban Boston Portfolio Paves Way for Repositioning
Aug. 08, 2008
A financing deal valued at $27 .4 million has closed for a group of five office buildings totaling 226,000 square feet in Needham, Mass.
 

 

Tenet Healthcare Takes 165,000 SF in Downtown Dallas
August 08, 2008
By: Dees Stribling, Contributing Correspondent --Tenet Healthcare Corp., an owner of hospitals and other medical facilities nationwide, is planning to move its headquarters to Downtown Dallas. The company, which only moved to the Dallas area from Southern California in 2004,...

JV Shells Out $40M for LA-Area Business Park
August 08, 2008
By: Thomas Peretti, Contributing Correspondent --The joint venture buyer has agreed to purchase College Business Park in Upland, Calif., just east of Los Angeles. The 314,000-square-foot business park sold for $39.9 million to Koll/PER, a limited liability company owned by...

RockBridge Takes $46M North Carolina Hotel Portfolio
August 08, 2008
By: Judy Feldman, Contributing Correspondent --RockBridge Partners, the equity platform of Columbus, Ohio-based RockBridge Capital, has announced the closure of a deal to acquire Gateway Center, a portfolio with four hotels, office and retail space and five acres of land...

Dublin Firm Enters Hotel Partnership with Oman Investment Fund
August 08, 2008
By: Tonie Auer, Southwest Correspondent --A little more than a year after purchasing Jurys Inns hotel chain, Dublin-based international private equity real estate group Quinlan Private has sold a 50 percent partnership interest in the hotel chain to Oman Investment...

Investcorp Forms $1B Entity to Acquire RE Debt
August 07, 2008
Investcorp Forms $1B Entity to Acquire RE Debt By: Dees Stribling, Contributing Correspondent --Though the acquisition of real estate debt isn't new, current market conditions seem to have given investors new impetus to acquire such debt. Recently, Investcorpýýýýýýýýýs U.S.-based real...

What to Do When Marketing Goes Wild
August 08, 2008
By Mike Myatt, Chief Strategy Officer N2growth --Have your company's marketing initiatives wandered astray? Is the proverbial tail starting to wag the dog with respect to your current marketing campaigns? How do you know when marketing is out of control?...

Six Mistakes Real Leaders Avoid
August 01, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --I recently had a reader ask: "Is there a simple test that can be used to quickly determine an executive's leadership ability?" The short answer is yes. There are, in fact, a great...

Top Brokers Do Deals in Bad Markets, Too
July 18, 2008
By Mike Myatt, Chief Strategy Officer N2growth --Many in the industry long for the frothy markets of 2005 when sellers experienced record low cap rates, buyers were aided by loose credit and a strong flow of funds from the capital...

Know Thy Customer
July 11, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --How well do you really know your customer? Let me put this as simply as I can. If you want to succeed in business you must be in touch with the demands of...

How to K.I.S.S Problems Goodbye
June 27, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Keep It Simple Stupid. One of the most effective ways to order your world is to simplify everything you encounter. The problem is that keeping it simple often becomes very difficult when our...