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Gartner to Relocate Midwest Operations to River North Point

Gartner, Inc. (NYSE: IT), a research and advisory company that acquired CEB in 2017, will be relocating its Midwest operations to the River North Point building at 350 N. Orleans St. in Chicago. The tenant signed a 74,450-square-foot lease, occupying two floors within the 1.3 million-square-foot office tower.

Currently located at the 483,340-square-foot 200 West Jackson Blvd. office building, the Stamford, CT-based company plans to move to River…

Arbor Lodging JV Acquires Marriott Schaumburg for $35.5M

Credit: Arbor Lodging
Arbor Lodging Partners LLC, a Chicago-based hotel investment and management company, partnered with Middleton Partners LLC in the acquisition of the 398-room Marriott Schaumburg hotel for $35.5 million, or about $89,000 per room. The seller, Bahrain-based Investcorp International, Inc. originally acquired the property in 2007 for $49.5 million, according to CoStar data.

The joint venture will complete major renovations the…

Cushman & Wakefield Recruits Marcus & Millichap Duo to Lead Nat’l Healthcare Capital Markets Group

After 10 years with Marcus & Millichap, Gino Lollio (left) and Scott Niedergang have left the company to head up the national healthcare capital markets group at Cushman & Wakefield.

As managing directors within the firm’s healthcare advisory group, Lollio and Niedergang will spearhead a Chicago-based team that represents healthcare providers, developers and investors in the acquisition, sales and recapitalization of medical office properties…

Barings Sells Hotel Package to Chinese Investors for $650 Million

Westin Hotel, 400 Courthouse Square, Alexandria, VA
Barings, a Charlotte-based asset management firm, has sold seven U.S. hotels to Hong Kong-based Junson Capital for $650 million ($318,471/room).

Junson Capital is retaining Barings, which acted on behalf of its client, an international financial services company, to remain as asset manager for the hotel portfolio on a long-term basis.

The portfolio comprises seven upscale business-class hotels…

CBRE Hires Intersect Illinois COO as Senior Director of Business Services

CBRE has brought on Andria Winters to manage the business operations of its advisory and transaction services team in Chicago as senior director, business services.

Winters is the co-founder and former COO of Intersect Illinois, a non-profit economic development organization that champions business growth and job creation in the state. Her career also includes an appointment in 2015 by the Governor to assistant director of the Illinois Department…

ING Capital Underwrites $298 Million Acquisition Loan for Central Loop Office Tower

ING Capital LLC and Deutsche Asset Management agreed to provide nearly $300 million in acquisition and mezzanine loans to finance Starwood Capital Group’s purchase of One South Dearborn, a 40-story office tower in downtown Chicago’s Central Loop.

ING underwrote and closed a $235.1 million senior loan while Deutsche provided a $62.5 million mezzanine loan at closing on behalf of one of its private investors for the acquisition of the building…

Cawley Chicago Taps Hayes as EVP

Cawley Chicago has hired longtime industry veteran Doug Hayes as its new executive vice president.

Hayes brings more than 30 years of brokerage and development experience to the firm, having most recently worked as a managing director with NelsonHill. His career also includes serving as a director with Cushman & Wakefield, and later as a vice president with industrial development and ownership firm, Ridge Property Trust.

Hayes has helped transact…

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