Midwest
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.
Grand Rapids’ Proving Ground for Storage
A section of Michigan’s second-largest city is serving as a laboratory for developing utility-scale storage.
Indianapolis Office Commands $32M
Tryperion Partners purchased the recently developed, 137,000-square-foot asset, home to Allied Solutions’ headquarters, with Morgan Stanley providing more than $17 million in acquisition financing.
ILPT to Acquire Industrial Portfolios for $905M
The logistics REIT inked two separate agreements that will ultimately increase its national footprint by a total of 12.9 million square feet.
Oberg Medical Signs Full-Building Lease in Chicago
Venture One Real Estate acquired the 60,126-square-foot facility last October and invested in interior renovations. Colliers International represented the tenant.
CBRE Makes Promotions at Columbus Office
The firm named Rick Trott, Kevin McGrath and Jeff Carey senior vice presidents. They cover sectors such as office, industrial, leasing and development.
StorageMart Grows Kansas Portfolio
The company has opened a 639-unit self storage facility in Orlando Park, marking its fourth location in the region, roughly 24 miles from Kansas City.