Midwest
Alula Relocates HQ to St. Paul
The smart security systems producer plans to relocate its headquarters into CSM Corp.’s Midway Innovation Center I, which has been vacant since May 2018.
Nashville Hotel Trades for $125M
The seller, Rockbridge, acquired the 214-key Hilton Garden Inn in the city center for slightly more than $80 million in 2016.
Chicago-Area Palos Medical Campus’ $80M Modernization Completed
Harley Ellis Devereaux and Walsh Construction were at the helm of the design-build renovation, which was executed over the course of five years.
CBRE Lines Up $47M Loan for MN Office Campus
The refinancing features a 10-year term and was secured on behalf of Wildamere Capital Management, the owner of Plymouth Corporate Center.
Greenwich Hospitality Group Acquires MI Resort for $23M
The new owner plans to spend two years and more than $10 million to upgrade and renovate the 179-key waterfront property.
EquiCap Commercial Sells WI Facility
The firm’s Self Storage Advisory Group arranged the sale of the self storage property located in West Allis, approximately 6 miles from downtown Milwaukee.
69 KSF Storage Facility Opens in KY
Absolute Storage Management is the manager of the recently completed, 515-unit self storage property located 13 miles from downtown Louisville, Ky.
Viking Partners Sells Metro Detroit Power Center
Cooper Commercial Investment Group negotiated the transaction of Chesterfield Village. Tenants at the 156,000-square-foot retail asset in Macomb County, Mich., include Target, Panera Bread and Applebee’s.
Flaherty & Collins to Develop $170M Michigan Project
The City of Warren and General Motors are the other partners involved in delivering Warren Town Center. Construction is scheduled to start before the end of 2019.
A Year in Review: Chicago’s Office Market in 2018
How did Chicago perform in the last 12 months in terms of office investment and what will 2019 bring? NAI Hiffman’s Executive Vice President Jason Wurtz evaluates the performance of the metro’s office sector.