Midwest
Minneapolis-Area Logistic Centers Command $26M
CBRE Capital Markets facilitated the sale of a 386,295-square-foot core-plus portfolio to Cabot Properties. The buildings were 88 percent leased at the time of the acquisition.
CIM Group, Golub & Co. Acquire Chicago Tower for $138M
The two longtime joint venture partners added 444 N. Michigan, a 36-story office tower in the heart of downtown, to their Chicago holdings.
Designing the Avant-Garde Workplace
Koray Malhan, chief design officer at Koleksiyon, takes us behind the scenes of the design process for the next generation of office amenities.
Tremont Mortgage Closes $30M Financing for St. Louis Portfolio
The firm provided a $26.4 million first mortgage bridge loan and a $3.1 million future funding allowance for the purchase of West Park I, West Park II and Pine View Point.
Bridge Development Makes Chicago-Area Industrial Acquisition
The company will demolish the existing facility and redevelop it into a state-of-the-art distribution center by the end of 2019.
On the Market: 5 Interesting Listings for December
This month’s listings include a redevelopment-ready property in Richmond, Va.; a recently completed luxury community in Philadelphia; and other opportunities.
Sterling Bay Enters Miami With Creative Office Project
The Chicago-based company and its partners acquired a site in the Wynwood neighborhood for roughly $19 million and plan to begin construction of a 10-story, Class A project.
Missner Group Delivers Chicago Industrial Facility
The company partnered with Timber Hill Group to complete the Chaddick Industrial Center in the Northeast Cook County submarket. Cushman & Wakefield represented ownership.
Thor Equities Sells Retail Space in Downtown Chicago
The buyer, Jenel Management Corp., paid $26 million for the two-story shopping center which is currently leased to Verizon, T-Mobile and Blick Art Materials.
Opus Buys Target Campus in Minneapolis
The company plans to convert the asset into a multi-tenant office property and include additional amenities into the space by spring 2019.