Midwest
Top 10 Office Buildings With Highest Vacancies in the Twin Cities
Large corporate tenants have left behind considerable blocks of vacant space in the suburbs and relocated closer to the downtown areas, while landlords were upgrading undesirable buildings within city limits in order to attract and accommodate tenant needs.
Dual-Branded Marriott Opens in St. Louis
Construction on the project, which contains a 110-key Courtyard and a 101-key all-suite Residence Inn, began in the summer of 2017.
EquiCap Brokers Sale of TN Storage Facility
The self-storage property in Soddy Daisy traded in an off-market transaction to a 1031 exchange buyer. The asset is approximately 15 miles from downtown Chattanooga.
Hempel Cos. Snags Minneapolis Office Asset
AtWater Group sold Concorde Executive Center, a 104,063-square-foot building in the Northwest submarket for $5.5 million. Cushman & Wakefield is in charge with the property’s management and leasing activities.
EDGE Fitness Expands into Michigan
The company will open two new clubs in Farmington Hills and Sterling Heights by the fourth quarter of 2019, as it works to expand into the Midwest and the Pennsylvania metro area.
Founders Properties Snags Columbus Assets for $21M
The deal was a portfolio transaction and it included Northwoods II and 825 Tech Center Drive. The PNL Cos. was the seller.
On the Market: 5 Interesting Listings for October
This month’s listings include a CVS Pharmacy store in Michigan, a vintage multifamily asset in Richmond, Va., and a recently renovated flex building in Miami.
Avison Young Completes Chicago Industrial Lease
The tenant, Cycle Logistics, is consolidating its distribution space by deciding to operate from Elk Grove Village, Ill. The landlord of the property is Ella Holdings.
Novel Coworking Expands in Minneapolis
The company acquired its second office property in the metro—a nine-story building located in the Gateway District—from DCI Technology Holdings.
JRES Names Eppele as New President & CEO
The 32-year commercial real estate veteran has been with the company since 1999 and was most recently executive vice president.