Midwest
Oxford Cos. Arranges MI Flex Building Deal
An Oxford-sponsored investment partnership, Grand Venture Associates, previously bought the Brighton building in 2007. At the time of sale, the asset was fully occupied.
Time Equities Buys Cleveland-Area Office Building
The company paid $7.6 million to PNC Bank—which was also a tenant in the building—in a transaction brokered by CBRE. The asset will be delivered fully vacant.
AbelsonTaylor Relocating to Chicago’s Old Post Office Building
The health and wellness advertising agency has entered a long-term lease with The 601W Cos. and will occupy nearly 85,000 square feet starting spring 2020.
GM, DTE Energy Sign Agreement for 300GwH of Wind Power
To date, 20 percent of GM’s global energy supply comes from renewable sources. The car manufacturer is a member of the Renewable Energy Buyers Alliance.
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.