Midwest
OH Retail Development Receives $19M Construction Financing
The three-year, interest-only loan secured by Berkadia represents 73 percent loan-to-cost and was closed with 50 percent of the retail space pre-leased.
Sealy & Co. Acquires 1 MSF Industrial Asset in MS
The Class A distribution facility in Olive Branch is fully leased to Williams Sonoma. The asset is less than 20 miles from the country’s busiest air cargo airport.
WAFUSA Logistics Relocates, Triples MI Space
Colliers International’s Tim Van Noord brokered the lease, which represents the tenant’s third expansion in Grand Rapids since its 2013 launch.
SVN Brokers Chicago Loft Office Building Sale
Angelo Labriola and Paul Cawthon of the Cawthon-Labriola Group of SVN Chicago represented the seller while Advisors Stephen Cusano and James Mead represented the buyer.
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.