Midwest
Regency Centers Plugs Plans for Chicago Project
The 270,000-square-foot development will be located in Vernon Hills, 30 miles outside of Downtown. The company has already commenced construction and expects to open in late 2018.
How Green Space is Transforming the Cityscape
As the world’s population continues to migrate to urban settings, city planners are investing in new ways to incorporate green space into these densely populated markets. Columbus Downtown Development Corp. President & CEO Guy Worley discusses the benefits of urban green space.
Cleveland-Area Massive Project Lands $49M in Financing
Preston Hollow Capital completed financing of Pinecrest, a $240 million development currently underway in Cleveland’s suburb Orange Village. Developer Fairmount Properties plans to complete the project by mid-2018.
Parkwood Buys Stake in Private Equity Firm
The firm bought 10 percent of global private equity firm The Riverside Co. The investment will be used exclusively to grow existing initiatives.
Ohio State University Announces $1B Energy Management Project
The 50-year contract was awarded to ENGIE North America and Axium Infrastructure and will include the construction of a new energy advancement and innovation center to improve the university’s energy efficiency by 25 percent within ten years.
PFF Scores New Cincinnati HQ
Cris Collinsworth’s sports statistic monitoring service will move into a 6,000-square-foot space owned by Stuffed Realty LLC. CBRE worked on behalf of PFF for this leasing.
Midwest Steel Moves Operations to Rogers
The company will relocate its operations from New Hope to a new facility in Rogers, Minn. The Minnesota Department of Employment and Economic Development will support the project.
Chicago Grocery-Anchored Shopping Center Commands $107M
Federal Realty Investment Trust likes the market area’s strong demographics and the property’s location in Lincoln Park neighborhood.
Humanetics Lands Michigan Facility
The leading supplier of crash test dummies has bought a 78,065-square-foot property in Farmington Hills, Mich., from an owner of commercial and multifamily properties.
Home2 Suites by Hilton Opens New Minneapolis Hotel
Hilton’s new addition to its portfolio is a 102-key hotel situated in close proximity to Flying Cloud Airport and to several major corporations.