Midwest
Savills Studley Makes 2 Promotions in Chicago
Lisa Davidson and Eric Feinberg, who have been with the company for more than 17 years, were named vice chairmen.
Hilton Launches New Brand
Signia, which will kick off with three properties in as many major cities, will compete with the hospitality industry’s top meetings and events brands, while also targeting upscale leisure travelers.
JV Acquires WI Shopping Center
Lamar Cos. and Real Capital Solutions have purchased the 216,785-square-foot East Town Plaza in Madison, which was 83 percent leased at the time of sale.
Toronto-Based League Inc. Expands Chicago Office
CBRE represented the company in moving its current coworking space to Beacon Capital’s property on State Street, which will function as the firm’s U.S. headquarters.
GSA Leases Large Space in Suburban Chicago
The new government office will be located in the recently rebranded Aria Park Innovation Center in Lombard, Ill. NAI Hiffman and JLL represented the landlord and tenant in the deal.
Top 10 Office Sales in Minneapolis-St. Paul in 2018
Office properties sold in the metro area totaled $1.3 billion in 2018, a hefty increase from the $1 billion posted the year prior.
Foster Financial Buys Detroit-Area Office Asset
The seller, Interwest Capital, owned the two buildings located in the Southfield submarket since 2007 and sold them for $5 million.
Friedman Secures 2 Loans for Suburban Detroit Office Assets
The financing totaled $26.5 million and features a 10-year term as well as prepayment flexibility. Director Ryan Denomme originated the loans.
City+Ventures Enters KC Market with $88M Portfolio Buy
The properties encompass 784,557 square feet in the suburban area of Southlake. JLL handled both the sale and the financing.
New Home2 Suites by Hilton Debuts in Chicago
Akara Partners developed the 17-story property, which features 206 guestrooms and 5,000 square feet of retail space. This marks the opening of the brand’s 300th location.