Midwest
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.
Priam Capital Acquires Second Indianapolis Office Building
JLL brokered the transaction on behalf the seller, Colony Northstar. The asset is a 116,248-square-foot property located approximately 15 minutes from downtown.
River North Gym Opens New Chicago Location
Savills Studley worked on behalf of the tenant in the lease of the 26,502-square-foot space on Goose Island. The new place will complement the company’s main club located within Merchandise Mart.
Courtyard by Marriott Opens in Wisconsin
The 97-key Courtyard by Marriott Appleton Riverfront will operate as a Marriott franchise, owned by RiverHeath Hospitality and managed by Interstate Hotels and Resorts.
Phillips Edison Expands Holdings With Illinois Retail Buy
The REIT is on a mission to enlarge its grocery-anchored shopping center business, this time with the purchase of a Chicago suburb property anchored by local chain Mariano’s.
Chicago Hyatt Centric Trades for $110M
Deka Immobilien purchased the hotel from Murphy Development Group. HFF represented the seller in the transaction for the 257-key asset.
Marcus & Millichap Expands Chicago Downtown Office
The company added 6,000 square feet of space to its office at 333 W. Wacker Drive and is currently enlarging its Oak Brook team.