CBRE PROJECT MANAGEMENT SELECTED FOR VIRGIN HOTEL CHICAGO

    CBRE PROJECT MANAGEMENT SELECTED FOR VIRGIN HOTEL CHICAGO

    Miami, FL – July 19, 2013 – (RealEstateRama) — CBRE’s Project Management Team, which provides design, development and construction management services, has been engaged by VHNA Acquisition, LP, an affiliate of Miami’s Lionstone Development, to provide construction oversight for the Virgin Hotel Chicago located in the Old Dearborn Bank Building – a 201,600-square-foot, 27-story Art Deco office building at 203 North Wabash Street, in Chicago, Illinois. VHNA Acquisition, LP bought the property with the intent of converting it into a 250-room hotel, with restaurants, lounges, spa, health & fitness area, and meeting spaces.

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    CBRE

    CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2011 revenue). The Company has approximately 34,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting.

    Contact:

    Robert W. McGrath
    Senior Director, Corporate Communications

    +1 212 9846515
    +1 800 7996523 FREE

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