Midwest
Somera Road Buys Kansas City Office Asset
Working on behalf of the buyer, HFF arranged a $60.2 million bridge loan for the purchase of City Center Square in downtown Kansas City.
On the Market: 5 Interesting Listings for January
This month’s listings include an historic property in Austin, Texas; a recently renovated hotel in the Minnesota suburbs; and a retail asset in the San Fernando Valley of Los Angeles.
EDF Renewables Enters Nebraska Wind Market
The renewable energy developer acquired its first project in the state, a 300-megawatt project sited in southern Nebraska’s Saline County.
Driven to Succeed: An Emerging Brokerage’s Story
What does it take to lead a new entrant in the fiercely competitive advisory services sector? The founder of a young Cincinnati-based firm tells how he stays ahead of the game.
Ohio Mixed-Use Center Gets $172M Refi
The floating-rate loan for the owners of Pinecrest in a Cleveland suburb was provided by Square Mile Capital Management LLC and replaces existing construction debt.
Ashley Capital Expands WI Industrial Campus
The firm has broken ground on the second building at Enterprise Business Park in Sturtevant. The property is slated for completion by late 2019 and is available for preleasing.
NAI Hiffman Appoints New Senior VP
Steven Bass has joined the NAI Hiffman team as senior vice president. Until recently, he had been an executive vice president with Lee & Associates.
Ten Capital Management Acquires St. Louis Office Asset
The Class A building, which comprises more than 250,000 square feet, was 97 percent leased at the time of sale to four tenants, including Cushman & Wakefield.
SRS Real Estate Partners Brokers KY Retail Center Sale
Crestwood Crossing, a roughly 19,000-square-foot retail asset in Crestwood, changed hands for $3.5 million. An Ohio-based buyer purchased the asset from a local developer.
Distribution Center in OH Acquired in 1031 Exchange
The 33,197-square-foot property carries a cap rate of 7.93 percent, with more than four years of remaining lease term. Third Coast purchased the asset for $3.4 million.