Robert Carr

Articles by Robert Carr

Chicago Mayor Announces $1.1B for McCormick, Navy Pier

Plans include new hotels and retail around the convention center, as well as improved and added facilities at Navy Pier.

City Examines JP Morgan New Lease Agreement

The bank would take over a 165,000-sq.-ft. office building vacated by Nationwide Insurance if the agreement is approved.

Starwood Hotels Plans Call Center in Wichita

The company is moving into a former mall that also failed as shared office space, with incentives for jobs promised.

Ares Agrees to Buy MF Lender Alliant Capital for $63M

The deal, for a combination of cash and stock, does not include other Alliant subsidiaries, though other links were formed.

IRET Sells Four Industrial Properties for $19M

The trust is disposing of assets, including these facilities in Minnesota and North Dakota.

Deep Freeze To Linger For GSA Office Needs

As the deadline arrives today for all federal agencies to submit reduced real estate plans, the continued office space freeze, consolidations and teleworking have combined for a historic event: an almost complete halt to national government office growth.

Ryan, Star-Tribune Unveil $400M Mixed-Use Plan

The project would include two 20-story office buildings and 300 apartments with a park near the new Vikings stadium.

FedEx Agrees to New BTS Lease at $23M Center

Jones Development is building the 181,000-sq.-ft. distribution center, and the state is providing incentives.

Bank-Owned Retail Center Sells for $1M

Quantum handled the sale of the center, which is 70 percent vacant.

Paragon Breaks Ground on Two Retail Buildings

Trader Joe’s is the anchor tenant at the property, which includes three multi-tenant units.

$12M Arbors at Ridges Seniors Expansion Opens

BURNSVILLE, MN—A partnership of Ebenezer Management Services and Kraus-Anderson Realty has opened its $12 million expansion of the Arbors at Ridges seniors housing complex

The new three-story property includes 62 assisted living units and six units designed for post-operative and therapy residents. The addition also allows the community to add memory care services, which will complete the care continuum for Ebenezer Ridges residents.