Midwest
Q&A with Bellwether President Ned Huffman
Ned Huffman, president of Bellwether Enterprise, talks about the company’s intention to merge with Towle Financial Services.
Bellwether Enterprise to Merge with Towle Financial Services
Bellwether Enterprise Real Estate Capital L.L.C. late last week announced its intention to merge with Towle Financial Services, a full-service mortgage banking firm with offices in Minneapolis and Detroit.
Israel’s Clal Insurance Buys Chicago’s Harper Court Office Complex for $112M
The Tel Aviv-based company made its second purchase in the U.S. real estate market with the 225,000-square-foot Harper Court mixed-use office and retail complex in Chicago’s Hyde Park neighborhood.
Illinois Medical District’s $300M Gateway Center Moves Forward
After an earlier proposal was withdrawn last year by its developer, a beefed-up 1.2 million-square-foot mixed-use project in the Illinois Medical District on Chicago’s West Side has been approved by the district’s coordinating body.
Ramco-Gershenson Grabs 2 Midwestern Malls for $150M
Ramco-Gershenson Properties Trust has acquired two community shopping centers, one in the Twin Cities area and the other in metro Cincinnati, for $150 million.
CBRE Buys U.S. Equities, Combines Chicago-Area Operations
Commercial real estate giant CBRE Group acquired the 36-year-old boutique U.S. Equities to bolster its presence in Chicago and expand its relationships with property owners.
Transwestern Awarded Leasing, Management of 2.2 MSF Office Complex in Detroit
Two months after the $177.5 million sale of the five-building, 2.2 million-square-foot Southfield Town Center in Michigan, Transwestern has been retained to lease and manage the trophy office property in the Detroit metro area.
Nationwide to Build 500 KSF M-U Campus in Columbus, Ohio
Nationwide Realty Investors, developer of the $500 million mixed-use Grandview Yard in Grandview Heights, Ohio, has just revealed plans for the development’s next phase, and it hits close to home.
LaSalle Buys 1.2 MSF Office Park in Indianapolis
A LaSalle Investment Management fund has made its first acquisition in Indianapolis, purchasing the 1.2 million-square-foot Precedent Office Park in the Keystone Crossing submarket.
KBS REIT II Sells Chicago Office Building to Irvine Co. for $850M
In what CoStar called the largest single-building office transaction in Chicago history, KBS REIT II has sold 300 N. LaSalle to the Irvine Co. for $850 million.