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EasyHotel’s Malak confident in higher hotel quality, market share growth following Tristan Capital acquisition

14 hours ago | costar.com | Terence Baker

Karim Malak is feeling content. EasyHotel’s CEO said the brand company has moved forward significantly in the five years since the pandemic, repositioning its product in terms of higher quality, more direct bookings, customer diversity and more focused operations. Malak took the CEO role in December 2021.
Bix, Billie, Benny and Branford all performed at this famed Chicago jazz club for sale

1 day ago | costar.com | Ryan Ori

The longtime owner of the Green Mill, a jazz club on Chicago’s North Side known for booking famous musicians, Hollywood cameos and Prohibition-era ties to gangster Al Capone, is looking to sell the Uptown property that includes the historic club. The two-level, 21,300-square-foot property at 4800-4810 N. Broadway is listed for sale by local brokerage Kudan Group, according to marketing materials.
Tristan Capital completes EasyHotel acquisition for €242 million

1 day ago | costar.com | Terence Baker

London-based investment firm Tristan Capital Partners is the new owner of budget hotel brand EasyHotel. A June 5 announcement confirmed the completion of the 100% acquisition, first agreed on May 1, for an estimated consideration of approximately €242 million ($277.7 million). The actual buyer is Tristan Capital’s discretionary fund European Property Investors Special Opportunities 6. Following this deal and across all its funds, Tristan Capital now has more than €1 billion of hotel assets.
North Dakota data center deal stands out by disclosing $7 billion in lease revenue

2 days ago | costar.com | Mark Heschmeyer

In a major data center deal, Applied Digital has entered into two 15-year lease agreements with CoreWeave for new facilities in North Dakota. Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success. This news story is available exclusively to CoStar subscribers. Sign Up For a Demo To Learn More. Explore CoStarAlready A Subscriber? Sign InHave feedback or questions? Email us at [email protected]
Healthcare providers submit competing applications for new Tennessee hospital

2 days ago | costar.com | Andy Peters

Two healthcare providers want to build a new hospital in Clarksville, one of the fastest-growing cities in Tennessee, although state officials may not allow both companies to proceed. Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success. This news story is available exclusively to CoStar subscribers. Sign Up For a Demo To Learn More. Explore CoStarAlready A Subscriber? Sign InHave feedback or questions? Email us at [email protected]
Bike parts maker eyes move from Fulton Market, the Chicago neighborhood it helped elevate

2 days ago | costar.com | Ryan Ori

More than a decade after signing a pivotal lease in the transformation of Fulton Market, a maker of bicycle parts and accessories is negotiating to move from the former meatpacking district to become a tenant and investor in a Chicago real estate firm’s redevelopment of a vacant property to the east. SRAM is in advanced talks to move its headquarters out of the 1KFulton building and into about half the space in the more than 160,000-square-foot loft office building at 550 W.
Malaysia’s IOI to take full ownership of $2 billion South Beach Singapore from CDL

2 days ago | costar.com | Terence Baker

Malaysian firm IOI Properties Group has agreed to buy a 50.1% stake in the mixed-use South Beach Singapore from the property’s joint-venture partner Singapore investment firm City Developments Limited. When the deal is complete, IOI will own 100% of the property, which contains the 634-room JW Marriott Hotel Singapore South Beach. According to both companies, the deal values the the property at 2.75 billion Singapore dollars ($2.13 billion).
Barnes & Noble, EōS Fitness tackle big-box vacancy in North Texas

3 days ago | costar.com | Candace Carlisle

Two big-box retail spaces once occupied by Staples and Conn's have landed new tenants in the nation's fourth-largest metropolitan area in a move showing the strength of the North Texas retail market. Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success. This news story is available exclusively to CoStar subscribers. Sign Up For a Demo To Learn More. Explore CoStarAlready A Subscriber? Sign InHave feedback or questions?
The thrill of the thrift: Demand for unique goods drives national expansions

3 days ago | costar.com | Lou Hirsh

At thrift stores across the nation, shoppers are looking for more than a bargain. One customer might seek a new home for a vintage coat, while another needs a century-old set of gold-rimmed glasses for a themed dinner party. These kinds of items are often lower priced than department store versions, and they're becoming more attractive as economic uncertainty leads to consumer caution.
Chicago offices to become apartments as part of national conversion surge

3 days ago | costar.com | Ryan Ori

The upper floors of a 10-story building in Chicago’s River North are set to be redeveloped from offices into 153 apartments in one of the largest projects of its kind to break ground in the city in recent years amid a national trend of conversions. Local firms WindWave Real Estate and Path Construction said they completed the approximately $17 million purchase of the office portion of the building at 111 W. Illinois St. on Monday.