Midwest
Coastal Ridge Enters TN Market With $57M Acquisition
In a partnership with H. Katz Capital, the company purchased The Preserve at Forest Creek, a 414-unit community in Memphis. Blackstone subsidiary LivCor sold the asset.
CBRE to Lease Memphis Office Park
The new owner acquired the campus in September and selected CBRE’s Ronald Kastner and Patrick Reilly to lead marketing efforts at the property.
Columbus Office Tower Lands a $30M Loan
Citizens Bank provided the loan to HEARN and CrossHarbor Capital Partners, the property owners. The money will be used for future capital projects and leasing costs.
Becknell to Expand Cincinnati Presence With 177 KSF Spec Building
CBRE assisted the company with the purchase of a 14-acre industrial site in the city of Fairfield, Ohio. The warehouse is expected to be delivered during the first quarter of 2018.
Phoenix Investors Expands MI Portfolio With 550 KSF Buy
The company purchased an industrial facility in Flint, Mich., for $3.2 million. The building is a former Delphi assembly plant that will undergo upgrades to house its new tenants.
Jernigan Capital Invests $10M in New KY Self-Storage
The proposed project will be located in Louisville, Ky., and will consist of two climate-controlled buildings. The facility will offer 725 rentable self-storage units.
Huff, Niehaus & Associates Arranges Sale of KY Hotel
Dhami, Sohal & Sehgal Properties sold 101-key Hampton Inn in Horse Cave for $4.4 million. The new owner plans to renovate the building.
ResCare Plans KY HQ Relocation
The company awaits the completion of a new building, part of the ShelbyHurst Office Campus in Louisville, Ky., to transfer its 340 local employees.
Alliant Energy Corp. Acquires 300MW Wind Project in Iowa
The wind facility consists of 100 to 150 slow-spinning wind turbines spread across 30,000 acres that will produce enough electricity to power nearly 102,000 U.S. homes.
Lincoln Park Plaza Finds New Owner
The shopping center is mostly vacant, but the new owner plans to reposition the 176,000-square-foot property. Friedman Integrated’s Rich Deptula represented both the seller and the buyer in this transaction.