Midwest
Irgens Snags $80M Financing for Milwaukee Office Tower
Walker & Dunlop Capital Markets secured the non-recourse loan for 833 East Michigan, a 359,000-square-foot, LEED Silver-certified building in the city’s central business district. Completed in 2016, the 17-story lakefront property became the first significant downtown office development in almost a decade.
Hilco Scoops Up Former Chicago Power Plant
The company plans to demolish the building and construct an industrial facility in the Little Village neighborhood. Remediation work of the 70-acre site might take up to 24 months.
Duke Realty Secures Tenant for Chicago-Area Warehouse
Velky Brands will occupy half of the 2017-built speculative facility in Romeoville. Cushman & Wakefield represented the owner in this deal.
Panattoni Developing 1 MSF Warehouse in Memphis
The firm, along with partner Mohr Capital, is developing the industrial facility, located at Panattoni’s 1,600-acre Gateway Global Logistics Center in Marshall County, Miss.
Apple Hospitality Expands Portfolio
The firm acquired two Hampton Inn & Suites by Hilton, one in Atlanta and one in Memphis, Tenn. for $63 million.
CBRE Chicago Welcomes New Senior Director
Andria Winters will supervise the company’s advisory and transaction services team, focusing on both local and international clients.
Fidelity National Title Promotes Company Veteran
Edson Burton, who has been with the company for 34 years, is the new executive vice president and Chicago division manager.
Akron-Area Manufacturing Buildings Change Hands
The former Wrayco facility in Stow will soon have a new tenant. CBRE facilitated the sale of the 240,000-square-foot property.
IPA Brokers Sale of 526 KSF Ohio Shopping Center
Located in Aurora, Marketplace at Four Corners traded for $55.7 million. The Marcus & Millichap division procured the seller and the buyer, a 1031 exchange investor.
Trending Capital Sources in 2018
Ginsberg Jacobs’ co-founder provides his outlook for the real estate financing environment for the next 12 months, including which asset classes and capital sources will shine this year.