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H. Lee Murphy

H. Lee
Ravenous for Bite-Size Retail
They're just mad about corned beef in Chicago. And hamburgers. And pizza and frozen yogurt. For the first time in years, as large-format retail development
Is the Wait Over?
It's a late August weekend at the Grand Geneva Resort & Spa in Lake Geneva, Wis., and the place is a beehive of activity. Two wedding parties and a community
Hotel Experts Anticipate ‘Day of Reckoning’ as Market Slides
Has the hotel market hit bottom? That was a subject of wide-ranging debate at the Midwest Lodging Investors Summit this week in Chicago, with most participants agreeing that the industry’s recession is likely to deepen further through the end of the year, and perhaps beyond.
First Industrial’s Bruce Duncan Steers REIT Through Some Painful Times
With a portfolio of 100 million sq. ft. of industrial space in North America, First Industrial Realty Trust is the nation’s third largest industrial REIT (NYSE: FR)
Duke Realty CEO Dennis Oklak Expands REIT’s Product Mix
For years Duke Realty Corp. has been best known as a developer and owner of office and industrial buildings, mostly in the Midwest
Hotel Borrowers are Lifted Up by SBA Bootstraps
That big 400-room, full-service Marriott Hotel is going to be a tough deal to finance this year. The 300-room Ritz-Carlton won't be any easier. But hotels
Tips for borrowers in securing an SBA loan
The path to a U.S. Small Business Administration loan runs more smoothly when borrowers adhere to the agency's myriad formulas and rules. Here are some
The Patient Buyer
In the dead of January under gray skies and gloomy headlines, savvy hotel investors see a glimmer of light off in the not-too-distant future. The growing
More Rooms, But Fewer Guests
The coming year is shaping up to be a dark hour for the lodging industry. In 2002, in the aftermath of the terrorist attacks on 9/11, average hotel occupancy
Life at the Edge
A half-century ago, the little town of Yorkville, Ill., population 3,000, was like small communities everywhere. The local farmers milked Holsteins when
Developers Head Back to the City
Urban retail takes center stage nationally as suburban mall projects stall and demographics shift.
Chicago Steams Ahead With Rail Industrial Parks
Situated at the epicenter of the U.S. economy, Chicago calls itself the railroad capital of the nation. Travel a mile or two on any route from downtown
Sam Zell Blames Account Rules for Real Estate Crisis
CHICAGO — At the gloomy DLA Piper conference of real estate executives, Chicago billionaire Sam Zell blamed much of the turmoil on Wall Street on tough new real estate accounting rules that drained capital away from banks’ balance sheets.
Can Sam Zell Maintain the Midas Touch?
Sam Zell doesn't like the role of office building landlord any better now that his newest acquisition, the Tribune Co. media conglomerate, is the prime
Hotel M&A Funeral?
Something odd happened on the way to the funeral for hotel deal making this year at least a few investors refused to attend. Yes, many banks and other
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