July 13, 2017

Narrow Asset Class Focus, Infill Opps Propel Dayton Street Partners To Success

Chris Pezza, vice president of Miller Chicago LLC, represented the Chicago Tribune on a lease at 6 South Clark for RedEye's "Budweiser Bud & Burgers" pop-up event. The event runs July 18-21 and all proceeds benefit Folds of Honor. Tickets are available at www.budnburgerschicago.com

Adaptive reuse can be broken down into two camps: high-profile repositionings like Londonhouse, and smaller infill projects that fill immediate tenant demand in a market. Dayton Street Partners has made a science, and profits, of the latter.

Dayton Street Executive Vice President Michael Schack said his firm remains disciplined in its strategy of finding infill office and industrial assets in highly desirable submarkets. Dayton Street wants to be a low-cost provider in the market and the assets…

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What The Future Of Money Means For Real Estate

When the Ming dynasty popularized bank notes in the 14th century, it revolutionized commerce. Merchants no longer had to carry around heavy metal coins, and the government's guarantee of value printed on paper money hugely expanded the influence of the state.

Today a similar revolution is happening: physical money is disappearing. The rise of electronic payment methods is having a fundamental effect on real estate, particularly retail.

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Hard Rock Hotel Chicago Is Splitting From Chain, Rebranding

Becker Ventures' repositioning of the Carbide & Carbon Building into the Hard Rock Hotel Chicago 13 years ago helped lay the groundwork for Michigan Avenue and the Chicago River to become one of downtown's most active hotel submarkets. Now Becker…

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Chicago Hotel Happenings

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Exclusive Behind-The-Deal: Alpha Capital Arranges $20M In Financing

Alpha Capital CRE entered 2017 with a new partner in Managing Director Trisha Connolly and a new focus on recapitalizing CMBS loans. That strategy is paying dividends. Alpha Capital CRE recently arranged $20.6M in financing for three properties in Illinois…

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What's In A Name? Tensions Rise As Communities Are Rebranded To Attract Young, Hip Crowds

Tensions are bubbling across the country as newcomers, often without the consultation of current residents, push to remove or change neighborhood names that residents may feel connected to personally and culturally. These names often emerge organically over time based on cultural melding, allowing residents to gradually grow into the name and identity. Abrupt changes, often for economic or social improvement, can lead to rougher transitions.

Such was the case in New York City. 

The proposed designation of the southern edge of Harlem as “SoHa” provoked condemnation. For the community, the change is just the most recent in a series of nicknames looking to capitalize on the cachet of SoHo to attract young professionals to the area.

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Tell Us

Jose Quintana is trading in black pinstripes for blue, after the White Sox sent him to the Cubs for a handful of blue-chip prospects. Who said that the Cubs and Sox can't work together? Share your thoughts on the trade to chuck.sudo@bisnow.com.