Author: Don Muret

New Cubs-Linked Firm Offers Mixed-Use Expertise

New Cubs-Linked Firm Offers Mixed-Use Expertise

Posted by | Sep 10, 2019 | , ,

Other teams sought advice from Hickory Street Capital after it developed Gallagher Way and other projects next to Wrigley Field in Chicago. (Getty Images) Marquee Development an offshoot of Ricketts-owned Hickory Street Capital The real estate group tied to the Chicago Cubs has expanded its operations to include partnering with other teams on mixed-use projects, according to Eric Nordness, senior vice president of Hickory Street Capital. Marquee Development, the name of the new entity, is an offshoot of Hickory Street Capital, which is owned by the Ricketts family, the Cubs’ owner, and which served as developer for Hotel Zachary and Gallagher Way, a mix of retail stores, restaurants and bars next to Wrigley Field. On the development side, officials formed Marquee Development after seeing a demand for real estate services revolving around entertainment districts and other mixed-use projects in other markets.  Over the past few years, the Cubs have given… Continue Reading New Cubs-Linked Firm Offers Mixed-Use Expertise

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Yormark: ‘Happy I Was Able to Play a Role’

Yormark: ‘Happy I Was Able to Play a Role’

Posted by | Sep 9, 2019 | , , ,

Brett Yormark helped bring big-time sports and entertainment to Brooklyn. (Courtesy BSE Global) Outgoing BSE Global CEO reflects on Barclays Center’s meaning to Brooklyn Brett Yormark, CEO of BSE Global, parent company of Barclays Center and the NBA’s Brooklyn Nets, is leaving the organization this month. The timing coincides with Mikhail Prokhorov’s sale of the remaining 51 percent of the team, plus the arena that he owned, to Joseph Tsai, executive vice chairman of Alibaba Group Holding, a Chinese company specializing in retail technologies. Tsai paid a reported $1.35 billion for the balance of the team after paying Prokhorov $1 billion last year to purchase 49 percent. Separately, Tsai will pay about $1 billion for the arena, according to published reports. Yormark reflected on his 14-year tenure with the Nets, dating to their days as a New Jersey team. What’s your next move? I’m not going to announce it yet.… Continue Reading Yormark: ‘Happy I Was Able to Play a Role’

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The ‘Elite’ of Campus Esports: Retrofits

The ‘Elite’ of Campus Esports: Retrofits

Posted by | Sep 9, 2019 |

A college recreation space converted for gaming use. (Jackie Nguyen / AmpThink) Bob Jordan’s 1337 Facilities is updating colleges for the new era Sports venue consultant Bob Jordan has launched 1337 Facilities, a joint venture to develop esports centers on college campuses and municipal recreation centers.  The firm’s other investors include executives with AmpThink, a builder of Wi-Fi systems at arenas and stadiums; Gary Briggs, CEO of Real Time Strategies and a producer of esports events; and esports entrepreneur Jordan Rambis, son of former NBA player Kurt Rambis.  Together, they’re targeting the grassroots level within the esports community by focusing on the vast opportunities at the college level. 1337 Facilities charges a fee for its services. In turn, it provides a turnkey solution, from concept to design, construction and operations. The vision is to retrofit recreational facilities on campus to become esports environments where students can play video games in… Continue Reading The ‘Elite’ of Campus Esports: Retrofits

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The ’90s to Now

The ’90s to Now

Posted by | Sep 9, 2019 |

The Phoenix Suns have called Talking Stick Resort Arena home since 1992. (Getty Images) Big renovation plans bringing major league arenas into the iPhone era Arena construction is booming in the big leagues. Most projects are tied to extensive renovations of 1990s-era venues in need of updating aging infrastructure, a refresh of public spaces with improved concourse flow, food halls and digital technology, and new spins on premium seats. NBA and NHL arenas in Cleveland, Philadelphia, Nashville, Phoenix, Raleigh, Indianapolis and Boston are all in the midst of transforming the fan experience and some, like Talking Stick Resort Arena, are spending major dollars to replace mechanical, electrical and plumbing systems. They’re all making adjustments to meet the needs of a younger fan base by creating more social spaces that don’t necessarily focus on the game but provide large group areas, in some cases standing room platforms, to hang out, eat and drink and stay connected to their… Continue Reading The ’90s to Now

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For Chase Center, Five-Star Branding

For Chase Center, Five-Star Branding

Posted by | Sep 9, 2019 | , , ,

Infinite Scale’s roof sign for Chase Center in San Francisco is the biggest that it has designed. (Courtesy Golden State Warriors) Design firm Infinite Scale creates polished look to fit the Warriors’ new arena The branding of Chase Center, the Golden State Warriors’ new $1.4 billion palace, takes theming to a higher level of sophistication than other big league arenas, according to officials with Infinite Scale, the design firm responsible for that piece of the project. Jim Baehr, a principal with Infinite Scale, worked on the Chase Center branding package, and he discussed the project with VenuesNow before the San Francisco arena was to open with a Sept. 6 concert by Metallica and the San Francisco Symphony. “We’ve been in a lot of buildings, and this one is exceptional,” Baehr said. “It’s a few hundred million dollars more than Little Caesars Arena (in Detroit, another Infinite Scale project) which is… Continue Reading For Chase Center, Five-Star Branding

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