In a deal that covers 8 million sq. ft. of office space, Chicago-based Jones Lang LaSalle has been chosen by Microsoft Corp. to manage the software provider’s worldwide real estate. The transaction excludes Microsoft’s corporate headquarters in...
Orlando, Fla.-based Commercial Net Lease Realty Inc. and Ann Arbor, Mich.-based Captec Net Lease Realty Inc. have successfully completed their merger, effective Dec. 1. The combined portfolio will consist of 373 properties in 40 states with 95...
For most of the last half of the 20th century, a sprawling 13-acre tract of land on Chicago's Gold Coast was the city's enduring embarrassment. Strategically situated between the tony Michigan Avenue shopping corridor and the frothy beaches of...
Global real estate firms Jones Lang LaSalle and Cushman & Wakefield have both announced job cuts. For Jones Lang LaSalle, a publicly traded company on the NYSE, the move is a cost-containment measure. For Cushman & Wakefield, a privately...
Since the economy has slowed, landlords and tenants should review the remedy provisions for defaults under their leases. Like so many legal documents, the details become important. This article outlines some of the important issues to which both...
Stamford, Conn.-based General Electric Capital Corp., a diversified financial services company and subsidiary of the General Electric Co., has acquired Chicago-based Heller Financial Inc. for $5.3 billion in cash or $53.75 per share. All required...
Sylvan M. Cohen, chairman of Pennsylvania Real Estate Investment Trust (PREIT), died on Sept. 8 at his home in Center City Philadelphia at the age of 87...
The next great consumer market isn't on the horizon — it's already here. It is the huge and rapidly growing U.S. Hispanic market, which numbers more than 35.3 million, or 12.5% of the U.S. population, according to Census 2000 figures...