Trading Hospital Rooms for Hotel Suites

John T. Murphy was recently quoted in a New York Times article regarding the growing hospital-hotel projects trend. Read the article here and view details regarding Murphy Development Group's Holiday Inn Cleveland Clinic project here.

Twin office towers planned on Wacker Drive

A venture led by Chicago developer John Murphy is buying two Wacker Drive parcels near Willis Tower where it plans to build twin 48-story office buildings. Murphy Development Group has a letter of intent to buy the parcels at 301 and 321 S. Wacker Drive from Oak Brook-based InSite Real Estate, Murphy said. Read the Crain's Chicago Business article here.

Old Cook County Hospital rehab gets thumbs up

Cook County commissioners endorsed a $550 million-plus plan to rehabilitate the long-shuttered old Cook County Hospital and surrounding area on the city's Near West Side. The development team led by MB Real Estate Services plan to invest between $550 million and $700 million in the project, which would transform the 102-year-old Beaux Arts building into a hotel, restaurant and shops. Read the Chicago Tribune article here.