Midwest
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.
Monmouth Nabs FedEx Ground Terminal in Michigan
The company also acquired another FedEx-Leased warehouse at the beginning of the year.
AmTrust Expands Chicago Team
The company named Frank Laisch as vice president. Previously a business development manager at National General Insurance Co., he brings a strong background in real estate sales and management, insurance, mortgage settlement services and homebuilding industries.
A123 Systems to Build $40M HQ in Michigan
The 150,000-square-foot campus will replace the company’s leased spaces in Livonia and Romulus, serving as a workplace for more than 400 employees upon completion.
LaSalle Investment Management Secures 220 KSF Mixed-Use Asset
The company closed the acquisition of a Minneapolis property, which was initially developed as a vertical mall and underwent a $50 million redevelopment in 2015.
Colliers Expands in the Midwest
The Toronto-based company has acquired affiliate WelshCo, one of the largest brokerage and property management firms in the Twin Cities area.
A Closer Look at FASB’s Latest ASU
BDO’s Julie Valpey and Brandon Landas discuss the key changes and impact of the Financial Accounting Standards Board’s latest update on real estate transactions.