Midwest
COPT to Build AL Campus for Aerospace Company
The four-building property at Redstone Gateway in Huntsville will house Yulista Holding, an Alaska-based defense contractor that intends to relocate its headquarters.
Chicago Industrial Still Thriving Amid New Deliveries
The first quarter yielded a 20 basis-point drop in the vacancy rate and 1.6 million square feet of positive absorption amid a bevy of new deliveries, per Avison Young’s new report.
Colliers Lands 2 Michigan Stores for Gourmet Donut Brand
The Donut Conspiracy is opening locations in Grand Rapids and Grandville with help from Colliers International, which found the new sites for the dessert and coffee retailer.
Nashville Hyatt Gets $66M Construction Financing
C.B. Ragland’s 252-key development will rise 20 stories in the city’s SoBro district. The hotel’s opening is scheduled for summer 2021.
IL Dual-Tenant Retail Asset Changes Hands
President Chad Firsel from Quantum Real Estate Advisors represented both parties in the $2.7 million transaction. The property last traded almost a decade ago.
Transwestern Buys 1.5 MSF Industrial Portfolio in Columbus
A joint venture between Singerman Real Estate and Green Door Capital has sold a collection of three properties to the firm’s new TSP Value and Income Fund II.
StorageMart Expands Omaha Footprint
The company added more than 1,700 self storage units to its portfolio in the greater Omaha market. The facilities are located around 10 to 16 miles from the city’s downtown.
Premier Design + Build Makes Key Promotion, Hires SVP
The company promoted Mark Melone to executive vice president & director of construction nationwide and Michael Long to senior vice president heading the Midwest division.
Dermody Properties Announces Top-Level Promotion
Former Chief Acquisition Officer Tim Walsh was promoted to chief investment officer, a position from which he will oversee the company’s origination activities.
Four Seasons Nashville Lands $360M in Financing
HFF orchestrated the debt and equity package for The Congress Group and AECOM Capital’s development of the 232-key hotel and residential project.