Midwest
Avison Young Welcomes New Principal, CFO
Christine Battist will be replacing Gary Hubbard and will oversee the firm’s finance and accounting organization.
Chicago-Area Hotel Changes Hands for $5M
Huff, Niehaus & Associates Inc. brokered the $4.5 million sale of the Best Western Plus La Porte Hotel and Conference Center, located within one hour of Chicago.
Cambria Hotel Nashville Opens Doors
The 235-key upscale property, owned and managed by Fillmore Capital Partners, sits in the city’s SoBro district near the Bridgestone Arena.
Friedman Negotiates Lease for Meritus Property
The 20,045-square-foot space is part of Tri-Atria Office Building, a two-story property located in Farmington Hills, Mich., and managed by Sterling Group.
Transwestern Facilitates 130 KSF Industrial Sale
Rytec Corp. purchased the high-tech manufacturing facility located in Hartford, Wisc., to accommodate the expansion of Rotec Corp., an affiliate company.
Hillwood Expands Indy Footprint
The company purchased a portfolio of three industrial properties, totaling more than 1 million square feet of warehouse space, from Northwestern Mutual and Panattoni.
The Manitowoc Co. Relocating HQ to Milwaukee
The firm has leased 16,000 square feet in the northwest part of the city, where it will move its headquarters later this quarter.
Monarch Investments Signs 40 KSF Nashville-Area Lease
The new tenant, a discount fashion retailer, plans to open its first central Tennessee location in the space during the second quarter of 2018.
Bellwether Arranges $57M Refi for Cleveland Office Tower
The 10-year CMBS loan, originated by Rialto, will allow One Cleveland Center’s owner to refinance the property’s high interest rate debt and fund tenant improvements.
What’s Ahead for the Capital Markets in 2018
Lenders are showing no signs of slowing down in 2018 when it comes to commercial real estate. Matt Wurtzebach of Draper and Kramer Inc.’s Commercial Finance Group delves into what we can expect from the real estate capital markets this year.