Midwest
Hilton Opens New Embassy Suites in IN
The new Embassy Suites hotel will include 174 keys located in close proximity to the Indianapolis International Airport. The property includes 10,1000 square feet of event space.
Berengaria, Africk Family Purchase MO Retail Center
The Shoppes at North Village in St. Joseph marks the third asset the two groups bought together. The retail center is shadow-anchored by Target, Wal-Mart, Sam’s Club and Home Depot.
Historic Hotel in Downtown Detroit Changes Hands
An LLC led by partners Mario Kiezi and Mike Abdulnoor bought The Royal Palm/Park Avenue Hotel and are planning a full restoration of the asset.
Nashville Mixed-Use Development Lands Financing
Pinnacle Bank provided the developer with nearly $13 million in financing to convert a former lumber mill into an 80,000-square-foot office and retail property.
Hyatt Centric Expands in TN and TX
Three new Hyatt Centric hotels are slated to open in Memphis, Nashville and Austin in 2020 and 2021. Currently, the brand has 26 properties across 11 countries.
Transwestern Sells Multi-State Industrial Portfolio
A foreign institutional buyer acquired 21 logistics facilities comprising 3.5 million square feet in Illinois, Ohio, Indiana and Kentucky.
IMO Expands Chicago Footprint With Downtown Lease
Following a headquarters relocation to a nearby suburb, the technology company leased 13,424 square feet in a Class A high-rise building.
CBRE Columbus Appoints Company’s Youngest VP
Molly Leach specializes in health-care, dental and office properties. She represents clients such as Mount Carmel Health System, Central Ohio Primary Care and independent practices within the central Ohio market.
Partnership Sells MOB on Chicago’s North Side
Stanton Road Capital purchased the five-story lakefront medical office building from CarVal Investors and Zeller Realty Group.
Phoenix Investors to Bring Self Storage Near Milwaukee
The firm will transform a 200,000-square-foot industrial property in Mount Pleasant, Wis. into a self storage facility with 2,000 units. Store Here Self Storage will manage the asset.