Midwest
Siemens Pumps $20M in Chicago R&D Hub
Dubbed The Siemens Building Technologies CPS Software House, the building will operate as a global software development competence center. The facility is scheduled to open in early October 2017.
Hilton Opens New Hotel in Cincinnati
Home2 Suites Florence Cincinnati Airport South features 109 keys. Eliot Cohen and Stuart Cohen own the building, and Vista Host manages it.
$350M Marriott Marquis Chicago Opens
Acting on behalf of the Metropolitan Pier and Exposition Authority, a joint venture led by Clark Construction Group recently completed the headquarters hotel, delivering a 1,205-key lodging destination connected to McCormick Place, the largest convention center in North America.
Virgin Hotels Breaks Ground in Music City
The Buccini/Pollin Group and BPGS Construction began work on Virgin Group’s $110 million hotel. Virgin Hotels Nashville will feature 240 keys and is slated to open in 2019.
Monmouth Lands 300 KSF OH Industrial Building
The company purchased the new asset for $18.3 million. Located in Kenton, the property is leased to New York-based International Paper Co.
Amazon to Add 4th Facility in Ohio
Developed by IDI Gazeley, the upcoming 1 million-square-foot fulfillment center is set to bring 1,000 full-time jobs to Monroe.
Bedrock Reveals $2B, Multi-Project Plan for Detroit
New buildings and renovations will expand the city’s office, residential, retail and hospitality offerings, continuing the city’s transformation into a magnet for businesses and visitors.
Hillwood to Deliver 1.7 MSF Kentucky Industrial Project
Hillwood and Al. Neyer plan to develop two speculative buildings, totaling more than 1.7 million square feet, in Erlanger, Ky. The construction of Building 1 will start in 2018.
Barnett Capital Sells 2 MSF Industrial Portfolio
Located predominantly in the Midwest, the properties netted Barnett Capital $84 million, a tidy sum for snapping up assets in the Chicago area, the company’s target market.
Boulder Group Completes IL Retail Deal
The buyer, an East Coast-based private investment group, paid $7.2 million for the net-leased Walgreens property. The transaction was a 1031 exchange.