Midwest
Casto Acquires Ohio Hotel, Plans Redevelopment
The former Knights Inn Hotel in Heath will be demolished and work for a new retail property is scheduled to begin by the end of the second quarter.
PwC-Anchored Office Tower Tops Out in St. Louis
The Class A building is part of the second phase of Ballpark Village. The Cordish Cos. and the St. Louis Cardinals are in charge of the $260 million mixed-use project.
Howard Hughes Corp. Lands Law Firm for Chicago Trophy Tower
Morgan Lewis & Bockius leased three floors at 110 North Wacker Drive, a 1.5 million-square-foot West Loop project scheduled for completion in 2020.
Old World Industries Leases 354 KSF Warehouse in Chicago Suburb
Duke Realty signed up the maker of PEAK motor oil for a 354,400-square-foot lease at the facility in Bolingbrook, Ill.
New Courtyard by Marriott to Open in Indiana
Indianapolis developer MHG Hotels owns and manages the new four-story, 97-key business hotel in Speedway, set to debut later this week.
VICI, Hard Rock to Acquire Ohio Casino for $745M
The companies will purchase the real estate and operating assets of the JACK Cincinnati Casino from JACK Entertainment in separate all-cash transactions.
Transwestern Sells 2 Lake County Logistics Buildings
Transwestern Investment Group sold the portfolio on behalf of the Diversified International Partners Fund. The warehouse and manufacturing facilities in the suburbs of Chicago total more than 100,000 square feet.
sbe, Byzantine Team on Downtown Detroit Mixed-Use
The $72 million project will redevelop a nearly century-old, 190,000-square-foot office building into a 100-key hotel, plus 70 residential units. The property reportedly will be the first hotel in Detroit’s Cass Corridor.
Serendipity Labs Opens 2nd WI Location
The coworking space operator selected an eight-story, 360,090-square-foot office building in Middleton as the setting of its seventh Midwest location.
Single-Tenant WI Retail Asset Trades for $3M
Quantum Real Estate Advisors brokered the disposition of a fully occupied, 4,442-square-foot building in Fitchburg. The tenant has a remaining 20-year term on the lease.