CPE’s Top 5 Articles in October
- Nov 01, 2017
The 78, Related Midwest’s 62-acre master-planned development, will become home to The University of Illinois System’s innovation center, Discovery Partners Institute.
Development firms leading the Year-End 2016 CPE-MHN Top Developers ranking posted robust construction growth and geographic and property-sector diversity.
After two consecutive quarters of increasing cap rates, the single-tenant net lease sector saw cap rates decline across retail, office and industrial property types, as competition heats up, notes The Boulder Group President Randy Blankstein.
The company is buying the project management solutions provider from Balfour Beatty LLC for $57 million. Heery President Theodore Sak and COO Glenn Jardine will remain on board when the deal closes later this year.
With its big-ticket beautification process coming to a close, the 1.3 million-square-foot shopping center will have a grand opening on Oct. 3, presenting visitors with an additional 422,000 square feet of retail space, new outdoor plazas and a host of unique offerings, including the world’s first permanent Uber Lounge.
Image courtesy of University of Illinois System