Real Estate Rumors: Dream Hotels, Zaragon, Carlyle

Law360 (November 14, 2019, 4:33 PM EST) -- The State Teachers Retirement System of Ohio has purchased a property on North Clark Street in Chicago from a Dream Hotels venture for $13 million, Crain’s Chicago Business reported on Thursday. The deal is for 201 N. Clark St., a three-story building the Dream Hotels venture bought in 2017 for $13.5 million, according to the report. The 52,000-square-foot building's tenants include Subway and a fitness center, Crain's reported, and Dream Hotels had planned to build a hotel there, but those plans never got off the ground.

Real estate firm Zaragon has acquired a former USA Today distribution site for $12 million, The...

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