Midwest Real Estate News Daily Midwest Real Estate News <![CDATA[NEBRASKA'S FIRST HYATT HOTEL TO OPEN IN OMAHA]]> OMAHA, NEB. — An affiliate of Hyatt Hotels Corp. has purchased land in Omaha for the con...]]> <![CDATA[MARCUS & MILLICHAP SELL HARRIS BANK GROUND LEASE ]]> CRYSTAL LAKE, ILL. — Marcus & Millichap arranged the $3.2 million sale of a Harris B...]]> <![CDATA[RLANDCO EXPANDS MICHIGAN OPERATIONS]]> IMLAY CITY, MICH. — Rlandco has purchased a 72,500-square-foot industrial building at 61...]]> <![CDATA[MANUFACTURING COMPANY OPENS FIRST DISTRIBUTION CENTER IN U.S. ]]> AURORA, ILL. — The distribution branch of the Vescovini Group, an Italian-based manufact...]]> <![CDATA[NEW ORTHOPEDIC AND NEUROSCIENCES CENTER OPENS IN ILLINOIS]]> BELLEVILLE, ILL. — Holland Construction Services has completed The Center for Orthopedic...]]> <![CDATA[STUDENT HOUSING PORTFOLIO FETCHES $1M IN INDIANA]]> TERRE HAUTE, IND. — Marcus & Millichap has arranged the $1 million sale of a student...]]> <![CDATA[GRANDBRIDGE ARRANGES $3M LOAN FOR THREE MINNESOTA INDUSTRIAL PROPERTIES]]> COON RAPIDS, MINN. —Grandbridge Real Estate Capital has arranged a $3 million loan for t...]]> <![CDATA[DOLLAR GENERAL SIGNS LEASE RENEWAL]]> FORT WAYNE, IND. — Dollar General has renewed its lease for 9,000 square feet at 1425 Go...]]> <![CDATA[FASHION BOUTIQUE OPENS IN EASTPOINTE]]> EASTPOINTE, MICH. — Totally U Boutique, a fashion retailer, has signed a 1,556-square-fo...]]> <![CDATA[GREAT LAKES SECURES $40M LOAN FOR CHICAGO HIGH-RISE]]> CHICAGO — Sue Blumberg of NorthMarq Capital's Chicago office has arranged $40 millio...]]> <![CDATA[DUKE ADDS 827,268 SQUARE FEET TO CHICAGO INDUSTRIAL PORTFOLIO]]> NAPERVILLE, ILL. — Duke Realty Corp. has acquired an 827,258-square-foot industrial buil...]]> <![CDATA[CIT CAPITAL, BLUE WATER SELL 775,000-SQUARE-FOOT PORTFOLIO IN MICHIGAN AND ]]> MICHIGAN AND OHIO -- CIT Capital and Blue Water Automotive Inc.'s Creditors' Trust has...]]> <![CDATA[HEALTHCARE TRUST BUYS MICHIGAN MEDICAL OFFICE BUILDING FOR $51.3M]]> NOVI, MICH. — Healthcare Trust of America (HTA) has purchased a 203,000-square-foot, on-...]]> <![CDATA[RECYCLING COMPANY PLANS TO INVEST $25M IN RICHMOND FACILITY]]> RICHMOND, IND. —Chicago-based Perpetual Recycling Solutions has acquired the former 100,...]]> <![CDATA[GRANDBRIDGE SECURES $22.2M MORTGAGE FOR ILLINOIS APARTMENT COMMUNITY]]> BUFFALO GROVE, ILL. —Grandbridge Real Estate Capital and Mesirow Financial Institutional...]]> <![CDATA[RIVER WEST ACQUIRES $20.1M MORTGAGE FOR CHICAGO LOFT BUILDING]]> CHICAGO — Sue Blumberg of NorthMarq Capital's Chicago office has arranged $20.1 mill...]]> <![CDATA[CUHACI & PETERSON COMPLETES DESIGN WORK FOR SEASONS 52 RESTAURANT]]> OAK BROOK, ILL. — Orlando-based Cuhaci & Peterson Architects has completed the desig...]]> <![CDATA[4505 BUYS TWO PROPERTIES IN WAUSAU]]> WAUSAU, WIS. — 4505 RM LLC has purchased two Wausau properties: an 8,798-square-foot ret...]]> <![CDATA[WILSON GOLF BUYS 18-HOLE COURSE IN MICHIGAN]]> NORTHVILLE, MICH. — Wilson Golf has purchased the Arnold Palmer-designed NorthVille Hill...]]> <![CDATA[MERIDIAN SELECTED TO CONSTRUCT 239,000-SQUARE-FOOT FACILITY IN ILLINOIS]]> ROMEOVILLE, ILL. — Scannell Properties has selected Meridian Design Build to design and ...]]> <![CDATA[REED COMPLETES BUILD-OUT FOR WESTWOOD COLLEGE]]> CHICAGO — Reed Construction has completed a 45,000-square-foot build-out for Westwood Co...]]> <![CDATA[ADVANCE AUTO PARTS FETCHES $1.3M IN ILLINOIS]]> WALKER, ILL. — The Boulder Group has completed the sale of a single-tenant Advance Auto ...]]> <![CDATA[CARTER VALIDUS BUYS SURGICAL CENTER FOR $8.4M]]> ST. LOUIS — Tampa-based Carter Validus Mission Critical REIT has acquired the St. Louis ...]]> <![CDATA[GRANDBRIDGE SECURES $27M MORTGAGE FOR OFFICE PARK ACQUISITION]]> WOODLAWN, ILL. — Grandbridge Real Estate Capital has arranged a $27 million first mortga...]]> <![CDATA[MARQUETTE COS. BUYS CONDO PROPERTY IN ILLINOIS]]> ITASCA, ILL. — The Marquette Cos. has purchased Two Itasca Place, a 70-unit condominium ...]]> <![CDATA[ROCKFORD SELLS CHICAGO MEDICAL PROPERTY FOR $2.2M]]> CHICAGO — Rockford 550 has completed the $2.2 million sale of a 13,980-square-foot medic...]]> <![CDATA[GRANDBRIDGE SECURES PERMANENT LOAN FOR MINNESOTA OFFICE COMPLEX]]> BLOOMINGTON, MINN. — Grandbridge Real Estate Capital has arranged a $7.5 million permane...]]> <![CDATA[NRC REALTY TO AUCTION TWO-STORY OFFICE BUILDING IN TOPEKA]]> TOPEKA, KAN. — YRC Worldwide has retained NRC Realty & Capital Advisors to auction a...]]> <![CDATA[NLAND COMPLETES RENOVATION OF MILWAUKEE SYMPHONY ORCHESTRA OFFICES]]> MILWAUKEE — Inland Construction has completed two projects for SSG Properties at the Bla...]]> <![CDATA[LAMBERT AIRPORT PREPARES TO REOPEN CONCOURSE DAMAGED BY TORNADO]]> ST. LOUIS — Lambert-St. Louis International Airport will reopen its C Concourse in April...]]> <![CDATA[ROYCEMORE OPENS NEW SCHOOL IN EVANSTON]]> EVANSTON, ILL. — The nearly 6-year relocation and expansion project at Roycemore School ...]]> <![CDATA[PHILLIPS EDISON CLOSES $94.5M IN CMBS FINANCING]]> CINCINNATI, FORT SMITH, ARK. — Phillips Edison's Strategic Investment Fund I has clo...]]> <![CDATA[NEW BRIDGE, ART PLAZA OPENS IN MINNEAPOLIS]]> MINNEAPOLIS — The Ackerberg Group has completed construction of a new 436-stall parking ...]]> <![CDATA[GENERAC POWER TO REMODEL, EXPAND HEADQUARTERS]]> WAUKESHA, WIS. — Generac Power Systems, a manufacturer of backup power generation equipm...]]> <![CDATA[WINDSOR ON THE RIVER SELLS FOR $33M IN IOWA]]> CEDAR RAPIDS, IOWA —CBRE/Hubbell Commercial has arranged the $33 million sale of Windsor...]]> <![CDATA[INLAND COMPLETES 16,000 SQUARE FOOT OFFICE PROJECT]]> MILWAUKEE — Inland Construction has completed a 16,000-square-foot office renovation pro...]]> <![CDATA[TRUCKING COMPANY SIGNS NEW LEASE IN BRIGHTON]]> BRIGHTON, MICH. — CZ Cartage, a trucking company, has leased 18,200 square feet of indus...]]> <![CDATA[UMH RECEIVES $11.4M LOAN TO REFINANCE TWO MANUFACTURED HOME COMMUNITIES]]> OHIO — UMH Properties has received an $11.4 million mortgage loan from Bank of America t...]]> <![CDATA[DEFENSE CONTRACTOR SIGNS NEW LEASE IN MICHIGAN]]> STERLING HEIGHTS, MICH. — Merrill Technologies, a defense contractor, has signed a lease...]]> <![CDATA[CENTRA HOMES ACQUIRES LARGE LAND PORTFOLIO]]> MINNEAPOLIS — Centra Homes has closed on the purchase of 350 properties from Assured Fun...]]> <![CDATA[DISTRIBUTION COMPANY SIGNS 20,000-SQUARE-FOOT LEASE IN OHIO]]> COLUMBUS — D+S Distribution Inc., a Wooster, Ohio-based warehousing and transportation c...]]> <![CDATA[BRIDGE ACQUIRES INDUSTRIAL FACILITY IN ELK GROVE VILLAGE]]> ELK GROVE VILLAGE, ILL. —Chicago-based Bridge Development Partners has acquired a 212,20...]]> <![CDATA[RIVERPOINT LOFTS OPEN IN DES MOINES]]> DES MOINES — Riverpoint Lofts, an urban apartment community in downtown Des Moines, open...]]> <![CDATA[SOUTH DAKOTA APARTMENT OWNER RECEIVES $11M IN REFINANCING PROCEEDS]]> SIOUX FALLS, S.D. — John Reed of NorthMarq Capital's Omaha office arranged $11 milli...]]> <![CDATA[NORTHMARQ SECURES $9.4M LOAN FOR LOWE'S IN TOPEKA]]> TOPEKA — NorthMarq Capital has secured $9.4 million for the first mortgage refinancing o...]]> <![CDATA[KEYBANK SECURES $44M FOR COLUMBUS MULTIFAMILY PROPERTIES]]> COLUMBUS, OHIO — KeyBank Real Estate Capital closed on a $44 million loan to refinance t...]]> <![CDATA[PEMBROOK ARRANGES FINANCING FOR KANSAS CITY REDEVELOPMENT]]> KANSAS CITY, M.O. —Pembrook Capital Management has closed on a $32 million tax-exempt bo...]]> <![CDATA[WEST LOOP PROPERTIES SELL FOR COMBINED $1.9M]]> CHICAGO — Sperry Van Ness has sold two West Loop properties, totaling $1.9 million, in C...]]> <![CDATA[VIKING ACQUIRES MUNCIE SHOPPING CENTER]]> MUNCIE, IND. — Viking Partners, a private equity firm, has acquired a non-performing not...]]> <![CDATA[BEL BRANDS PLANS NEW $100 MILLION PLANT IN BROOKINGS]]> BROOKINGS, S.D. — Chicago-based Bel Brands USA — the maker of Laughing Cow, Mini B...]]> <![CDATA[OHIO NURSING FACILITY OWNER RECEIVES $4.7M IN REFINANCING LOANS]]> NORTH OLMSTED, OHIO — Love Funding has closed on a $4.7 million loan to refinance Olmste...]]> <![CDATA[LOVE FUNDING ARRANGES $12.5M LOAN FOR COVINGTON COURT APARTMENTS]]> ST. CHARLES, ILL. — Love Funding has secured a $12.5 million loan to refinance Covington...]]> <![CDATA[PRITZKER BUYS CHICAGO DINING CRUISE COMPANY]]> CHICAGO — The Pritzker Group has acquired Entertainment Cruises Inc., a Chicago-based di...]]> <![CDATA[M&M SECURES $9.1M FOR BROOKLYN PARK APARTMENT PROPERTY]]> BROOKLYN PARK, MINN. — Marcus & Millichap Capital Corp. has arranged $9.1 million fo...]]> <![CDATA[ROCK VENTURES TO CLOSE ON PURCHASE OF DETROIT'S FEDERAL RESERVE BUILDING]]> DETROIT — Rock Ventures is closing on its purchase of the historic Federal Reserve build...]]> <![CDATA[BANK APPOINTS LODGING UNLIMITED RECEIVER OF INDIANA HOTEL]]> MADISON, IND. — The Lodging Unlimited Group of Cos. has been appointed receiver of the C...]]> <![CDATA[UNIVERSITY BUYS HISTORICAL SCOTTISH RITE COMPLEX IN INDIANA]]> FORT WAYNE, IND. — The University of Saint Francis has purchased an 83,000-square-foot c...]]> <![CDATA[STRUCTURED LEASES SPACE FOR NEW RETAIL DEVELOPMENT ON CHICAGO'S NORTH SIDE]]> CHICAGO — Chicago-based Structured Development has signed leases with PetSmart and buybu...]]> <![CDATA[RECORD STREET BUYS INDIANAPOLIS INDUSTRIAL PROPERTY]]> INDIANAPOLIS — Record Street Warehouse LLC has purchased a 110,000-square-foot industria...]]> <![CDATA[NEW BAR LOUIE LOCATION OPENS IN CHICAGO]]> CHICAGO — BL Restaurant Operations will open a new Bar Louie location in Chicago's R...]]> <![CDATA[SPANISH MANUFACTURER BUYS MILWAUKEE PLANT FOR $1.7M]]> MILWAUKEE — Spanish manufacturer Sic Lazaro U.S. Inc. has purchased the former Rexcon Bu...]]> <![CDATA[MERIDIAN COMPLETES HEALTHCARE RENOVATION PROJECT]]> ELK GROVE VILLAGE, ILL. —Meridian Design Build has completed the renovation and expansio...]]> <![CDATA[BOULDER GROUP ARRANGES SALE OF NET-LEASED CVS IN OHIO]]> TROTWOOD, OHIO — The Boulder Group has completed the $1.9 million sale of a net-leased C...]]> <![CDATA[REAL ESTATE FUND BUYS 698-UNIT STORAGE FACILITY IN MCCOOK]]> MCCOOK, ILL. — A real estate fund managed by Morgan Stanley has purchased a storage faci...]]> <![CDATA[COBALT ACQUIRES 13-BUILDING INDUSTRIAL PORTFOLIO]]> DALLAS, ST. LOUIS, MO. —Dallas-based Cobalt Capital Partners has acquired a 1.6 million-...]]> <![CDATA[KANSAS MEDICAL OFFICE BUILDING SELLS FOR $16.6 MILLION]]> OVERLAND PARK, KAN. — Newmark Knight Frank has arranged the $16.6 million sale of Southr...]]> <![CDATA[KRAUS-ANDERSON SELECTED FOR 293,378-SQUARE-FOOT MALL RENOVATION]]> EDINA, MINN. — Kraus-Anderson Construction Co. has been selected to renovate Southdale C...]]> <![CDATA[TOBE ENTERPRISES LEASES INDUSTRIAL UNIT IN ILLINOIS]]> BOLINGBROOK, ILL. — Tobe Enterprises, a business and accounting services company, has&nb...]]> <![CDATA[ST. JUDE MEDICAL TO DOUBLE FACILITY IN PLYMOUTH, MINN. ]]> PLYMOUTH, MINN. — Medical device giant St. Jude Medical Inc. plans to expand its facilit...]]> <![CDATA[ADVANCE AUTO PARTS PROPERTY SELLS FOR $1.5 MILLION]]> MACHESNEY PARK, ILL. — The Boulder Group has completed the $1.5 million sale of an Advan...]]> <![CDATA[LATHAM & WATKINS TO RELOCATE ITS CHICAGO OFFICE]]> CHICAGO — Law firm Latham & Watkins LLP will relocate its Chicago office to 330 N. W...]]> <![CDATA[NORTHMARQ ARRANGES $3 MILLION FOR CANYON LAKE APARTMENTS]]> RAPID CITY, S.D. — Patrick Minea of NorthMarq Capital's Minneapolis office has arran...]]> <![CDATA[GLIMCHER CLOSES $77 MILLION LOAN FOR TOWN CENTER PLAZA IN KANSAS]]> LEAWOOD, KAN. — Glimcher Realty Trust has closed on a $77 million mortgage loan secured ...]]> <![CDATA[INTERSTATE HOTELS & RESORTS BUYS 300-ROOM HOTEL IN COLUMBUS]]> COLUMBUS, OHIO — Interstate Hotels & Resorts and joint venture partner Waramaug Hosp...]]> <![CDATA[AMERICAN REALTY ACQUIRES $3.8 MILLION WALGREENS]]> EASTPOINTE, MICH. — American Realty Capital Properties has acquired a Walgreens drug sto...]]> <![CDATA[NORTHMARQ SECURES $9.4 MILLION FOR NORTH DAKOTA APARTMENT COMPLEX]]> BISMARCK, N.D. — Partick Minea of NorthMarq Capital's Minneapolis office has secured...]]> <![CDATA[CLARK STREET SELLS CHICAGO WALGREENS FOR $13 MILLION]]> CHICAGO — Clark Street Development LLC, an affiliate of Mega Realty, has sold a 16,047-s...]]> <![CDATA[MORTENSON SELECTED FOR K-STATE RENOVATION]]> MANHATTAN, KAN. —Colorado Springs-based Mortenson Construction has been awarded the Bill...]]> <![CDATA[DUNKIN' DONUTS PLANS 12 NEW STORES IN NEBRASKA, IOWA]]> OMAHA, NEB., SIOUX CITY, IOWA — Dunkin' Donuts has signed a multi-unit store develop...]]> <![CDATA[MAVERICK SECURES $5.8 MILLION CONSTRUCTION LOAN FOR ILLINOIS DEALERSHIP]]> GLENDALE HEIGHTS, ILL. —Benjamin Kadish of Maverick Commerical Mortgage Inc. has secured...]]> <![CDATA[DUKE ACQUIRES BURR RIDGE MEDICAL CENTER]]> CHICAGO — Duke Realty has acquired Burr Ridge Medical Center, a 104,912-square-foot faci...]]> <![CDATA[TIDE DRY CLEANERS TO OPEN NEW DRIVE-THRU]]> NAPERVILLE, ILL. — Procter & Gamble's Tide Dry Cleaners will open a new drive-th...]]> <![CDATA[BASS REALTY BUYS 50-UNIT MULTIFAMILY PROPERTY IN CHICAGO]]> CHICAGO — Bass Realty 3 LLC has purchased a 50-unit apartment property in Chicago for $2...]]> <![CDATA[SUMMIT DESIGN + BUILD COMPLETES LAW OFFICE IN CHICAGO'S WEST LOOP]]> CHICAGO — Summit Design + Build LLC has completed a 14,500-square-foot build-out of offi...]]> <![CDATA[REYNOLDS MACHINE CO. LEASES 100,520 SQUARE FEET IN NEW BERLIN]]> NEW BERLIN, WIS. — Reynolds Machine Co. has leased 100,520 square feet of industrial spa...]]> <![CDATA[WOCHINSKE BUYS 11,500 SQUARE FEET OF INDUSTRIAL SPACE IN FORT WAYNE]]> FORT WAYNE, IND. — Wochinske Investments LLC has purchased 11,500 square feet of industr...]]> <![CDATA[NORTH JACKSON DISTRIBUTION FACILITY SELLS FOR $12.4 MILLION]]> NORTH JACKSON, OHIO —Marcus & Millichap has brokered the $12.4 million sale of a 307...]]> <![CDATA[HEARN CO. ACQUIRES 55 W. MONROE IN CHICAGO FOR $136 MILLION]]> CHICAGO — The Hearn Co. has purchased 55 W. Monroe in Chicago from LaSalle Investment Ma...]]> <![CDATA[PODOLSKY ARRANGES MORTGAGE NOTE SALE FOR HISTORIC PURPLE HOTEL]]> LINCOLNWOOD, ILL. — Podolsky Northstar CORFAC International has negotiated the sale of t...]]> <![CDATA[METLIFE BUYS 29-STORY APARTMENT TOWER IN CHICAGO]]> CHICAGO — MetLife Inc. has purchased the 29-story EnV apartment tower in Chicago for a r...]]> <![CDATA[TK SIMPLEX SELLS 104,000-SQUARE-FOOT INDUSTRIAL FACILITY, RELOCATES OFFICES]]> BROADVIEW, ILL. — TK Simplex, a hydraulics manufacturer, has sold its 104,000-square-foo...]]> <![CDATA[CONTROL DEVICES LEASES 98,949 SQUARE FEET IN FENTON]]> FENTON, MO. — Control Devices LLC, a leading valve manufacturer, has signed a lease for ...]]> <![CDATA[ACCO BRANDS LEASES 189,092 SQUARE FEET IN SUBURBAN CHICAGO OFFICE PARK]]> LONG GROVE, ILL. ACCO Brands Corp. has signed a 189,092-square-foot l...]]> <![CDATA[MARCUS & MILLICHAP BROKERS SALE OF 52-UNIT APARTMENT PROPERTY IN INDIANA]]> RENSSELAER, IND. Marcus & Millichap has brokered the sale of The ...]]> <![CDATA[CAR DEALERSHIP PROPERTY SELLS FOR $19.1 MILLION IN KANSAS ]]> MERRIAM, KAN. — Lee & Associates Net Leased Group in Carlsbad, Calif., a division of...]]> <![CDATA[NORTHMARQ CAPITAL ARRANGES $21 MILLION MORTGAGE FOR WILLIAMS RESERVE]]> CHICAGO — NorthMarq Capital has arranged $21 million in first mortgage refinancing for W...]]> <![CDATA[GARDEN RIDGE SELLS FOR $5.5 MILLION IN OHIO]]> HILLIARD, OHIO — A 128,875-square-foot Garden Ridge, a crafting and home decorating stor...]]> <![CDATA[LOVE FUNDING CLOSES $2.8 MILLION LOAN FOR ASSISTED LIVING CARE FACILITY]]> LAWTON, MICH. — Love Funding has closed a $2.8 million loan to refinance White Oak, a 72...]]> <![CDATA[PUBLISHING COMPANY TAKES THREE FLOORS AT 200 S. MICHIGAN IN CHICAGO]]> CHICAGO — Johnson Publishing Co., a Chicago-based media firm, has executed a long-term l...]]> <![CDATA[DUNKIN' DONUTS PLANS NEW STORES IN IOWA]]> DES MOINES — Dunkin' Donuts has signed a store development agreement with a franchis...]]>