Midwest
Monmouth Lands 220 KSF Akron-Area Facility
The REIT acquired an industrial building in Stow, Ohio, for $19.5 million. The property is net-leased to a prominent racing tire maker.
Majestic Realty Buys 228-Acre Wisconsin Development Site
With the assistance of Transwestern, Rime Investments sold the property, located halfway between Chicago and Milwaukee. The land can accommodate as much as 2 million square feet of industrial development.
New Amazon Fulfillment Center Coming to Ohio
The e-commerce giant is building a 650,000-square-foot project in Euclid, expanding its presence in the state to five facilities, while adding another 1,000 full-time jobs.
Colliers Brokers Two Indianapolis Industrial Deals
The two assets amass approximately 500,000 square feet of warehouse space and are leased by tenants such as Kroger, Mansfield King, Peltz Shoes and MaxLite.
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.