Midwest
CBRE Arranges $33M in Financing for Hyatt Hotel
Phoenix Development Partners used the loan to acquire and renovate the 301-key property located in Deerfield, Ill., off the interchange between interstates 94 and 294.
Avison Young Hires New Principal
Brian Kelley brings 13 years of commercial real estate experience to the firm’s St. Louis office, where he will focus on both retail and multifamily transactions.
Kimco Sells 370 KSF Midwest Shopping Center
Chase Properties and DRA Advisors used a $40 million Wells Fargo loan to fund the acquisition of Primrose Marketplace, an open-air retail property in Springfield, Mo.
Summit Design + Build Transforms Chicago Mixed-Use Project
The Clybourn corridor development was originally designed as a 10-story retail and apartment building but due to zoning issues it will be turned into a two-story retail and creative office space.
Friedman Facilitates MI Office Park Sale
Holiday Office Park in Lansing comprises nine buildings ranging from 80,420 to 120,683 square feet across one to two stories.
Detroit’s Revitalization Combines Old and New
For a city that filed for bankruptcy just five years ago, Detroit is on a path to revitalization that shows no signs of slowing down.
Brookfield Fund Snags Chicago Office Tower for $305M
JLL Capital Markets represented the seller, an ultra-high-net-worth European family advised by Extell Development. Situated in the Central Loop, the 22-story 175 W. Jackson high-rise dates back to 1912.
Bridge Investment Inks 168 KSF Renewal, Extension at MD Office Property
The Henry M. Jackson Foundation signed a long-term lease to occupy 168,000 square feet, adding an additional 22,000 square feet to its previous lease at SkyBridge Towers in Bethesda, Md.
Preferred Apartment Communities Grabs 2 Retail Assets
Publix grocery stores anchor both community shopping centers, which total nearly 140,000 square feet in the Nashville and Atlanta areas.
Sterling Bay Nails Down $181M Loan for Chicago Tower
The Class A office project continues the company’s streak of high-profile deals on the city’s Near West Side, including acquisitions, new developments and adaptive-reuse projects.