Midwest
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.
Fern Hill Buys Downtown Chicago Museum Building
The $6 million transaction included the third and fourth floors of the Museum of Broadcast Communications building, totaling 27,500 square feet.
Detroit Gets in Gear As Tech Drives Auto Sector
Colliers International Senior Vice President Patrich Jett shares his views on the operational needs and real estate considerations of the automotive industry, as well as Detroit’s position in the sector.
AvalonBay Buys Denver-Area Community for $91M
The multifamily REIT has purchased the Ridge at Wheatlands for $270,000 per unit, marking the highest unit price achieved in the submarket of Aurora.
Somerset Buys Former Chicago-Area AT&T Campus
Together with partner Triangle Capital Group, the company will transform the 150-acre property in Hoffman Estates into a self-contained urban core following its unique ‘Metroburb’ concept.
Cullinan Properties Breaks Ground in Chicagoland
Regal Cinema will be the first tenant at the upcoming Rock Run Crossings mixed-use property in Joliet, having pre-leased more than 70,000 square feet.
Cushman & Wakefield to Lease Stark Enterprises’ 2MSF Cleveland Asset
The company will lead office leasing efforts at nuCLEus, an upcoming mixed-use development in the Gateway District. The property will encompass office, residential and retail space.