Property Types Office
University of Chicago to Create $200 Million Center Honoring Late Economist
May 15, 2008
Source: Crain's Chicago Business

The University of Chicago plans to create a $200 million center to honor the late economist Milton Friedman, a Nobel Prize winner and longtime faculty member at the school. The Milton Friedman Institute will began operations this fall and will eventually be housed in buildings that are currently occupied by the Chicago Theological Seminary.

The university is currently buying those buildings with the proviso that it will build a new home for the seminary itself. However, the seminary is not expected to move until 2012, and then will lease the buildings from the university at a cost of $1 per year for 100 years.


 
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Hilton Plans 150 Hotels in Caribbean, Latin America
October 07, 2008
By Barbra Murray, Contributing Editor -- Taking yet another big step toward its goal of increasing its international portfolio by 1,000, Hilton Hotels has revealed that the behemoth Beverly Hills-based hospitality concern will step up its presence in the Caribbean...

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October 07, 2008
By Tom Dworetzky, News Editor -- Parkbridge Lifestyle Communities Inc. has announced the completion of a $32 million financing of one of its properties. The financing generated net proceeds of $13.2 million after repayment of a pre-existing first mortgage loan...

ProLogis Leases 460,000 SF in Shanghai
October 07, 2008
By Tom Dworetzky, News Editor -- ProLogis has announced it has leased a total of approximately 460,000 square feet to two customers in Shanghai, China In the Pudong submarket of Shanghai, at ProLogis Park Jinqiao, ProLogis has leased approximately 192,000...

Behringer Harvard Expands European Portfolio, Buys 7 Properties
October 07, 2008
By Elena Gontar, Staff Writer -- Behringer Harvard continues to expand its presence in Central Europe. The company has acquired seven additional assets--a retail property in Hungary, five retail properties in the Czech Republic and a Czech logistics facility--via Wenceslas...

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