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H. Lee Murphy

H. Lee
Wrigley Building Deal Demonstrates Investor Interest in Chicago
The sale of the Wrigley Building is just the latest in a series of big office deals in Chicago.
Commercial Brokerages Extend Global Reach With Mergers, Acquisitions
Leasing and investment sales transactions continue to recover this year as many newly confident commercial brokerages turn to a different kind of transaction
Belle of the Ball
Housing prices are hitting decade-long lows, new jobs are being created at an anemic rate and economists are now talking about the real possibility of
Discounters Rev Up Retail
With retail bankruptcies continuing to mount, new development has retreated into an eerie calm.
CanCan Takes a Chance as it Rolls into Biloxi's Gaming World
Casino developers have to be discouraged. Las Vegas is overbuilt, Atlantic City's economy is a basketcase and voters in emerging markets like Chicago
Wise Decisions, Timing Pay Off for Private Equity Fund
When Christopher Merrill was starting his own private equity real estate fund in Chicago about five years ago, he was fortunate enough to make wise choices.
A New Chapter for Public Housing in Chicago
The last family moved out of the last high-rise at the notorious Cabrini-Green public housing projects in Chicago in early December. Investors soon will
Gimme Shelter: Hotel Dealmaking Heats Up As Occupancy Rises
As the chairman and CEO of Prime Group in Chicago, Michael Reschke has been known for years as a developer of office towers and shopping centers. For now, however, he’s sinking his money into hotels
After its Rescue and Retooling, Former Sears Tower Stands Tall
The sudden assumption in the commercial real estate world after the twin towers of the World Trade Center were demolished on 9/11 was that in a new era ruled by fears of urban terrorism iconic skyscrapers would suddenly fall out of fashion.
Retooling an Icon
The sudden assumption in commercial real estate after the twin towers of the World Trade Center were demolished on 9/11 was that in a new era ruled by
Office Sales Spike in Windy City
The high-rise construction cranes around Chicago's skyline have been mostly absent this year, as the marketplace suffers its highest office vacancy rates
Airline and Truck Deals Spark Chicago Office Market
New deals are buoying the Chicago office market and are expected to spur construction of fresh, long-term projects.
New airline and multi-use projects provide hopeful signs for Chicago
Despite the slow pace of development over the past few years, the Chicago office market is buoyed by several new deals that are expected to spur construction
A Hotel Rises in Harlem
If New York City is a harbinger for the future of the hospitality industry, then the prognosis is brightening. Developers are lining up to erect new properties
A tale of two Californias begins to emerge
In once-hot hospitality destinations like California, a great divide has cropped up between the most desirable and most troubled markets. Through the
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