Midwest
NGKF Opens New Office in Colorado Springs
The Colorado Springs market is going through recovery, and Newmark Grubb Knight Frank has prepared itself for the impending turnaround with the opening of a new office in the city.
JLL: Rents Expected to Keep Rising at U.S. Skyscrapers
Rents are rising and vacancy rates are falling at America’s trophy skyscrapers, spurred by aggressive investors, tightening supplies and the growing technology, energy and healthcare sectors.
MARKET SNAPSHOT: Apartment Boom Underway in Indianapolis, Vacancy Up
Indianapolis continues to witness an exceptional inventory increase of multi-family housing units this year, amid moderate employment growth and rising home sales.
Executive Spotlight: Dan Mullen, Bedrock Real Estate Services
Under the guidance of Dan Mullen, Bedrock Real Estate Services, Quicken Loans’ privately held commercial real estate organization, has built up quite a portfolio.
KBS REIT III Acquires Salt Lake City Office Tower for $170M
KBS REIT III has acquired 222 Main, a Class A, LEED Gold office tower in the center of Salt Lake City’s CBD, for $170 million.
Ashford Hospitality Prime Acquires Chicago Hotel for $153M
Ashford Hospitality Prime has acquired a 415-room hotel in the desirable Gold Coast submarket of Chicago from The Blackstone Group for $153 million.
USGBC: Top 10 States for LEED Green Building
A 57-story, 1.3 million-square-foot Class A office tower in Chicago has earned Platinum and Gold LEED certifications from the U.S. Green Building Council.
HFF Arranges Financing for $361M Purchase of Chicago Office Property
HFF did double duty for 10 and 120 South Riverside Plaza, a 1.4 million-square-foot office complex in Chicago.
Meridian Arranges $80M in Financing for 11-Property M-F Portfolio in Chicago
Even though the existing loans weren’t maturing for another one to three years, the owner of an 11-property multi-family portfolio in Chicago decided to refinance now, obtaining $80 million in permanent financing with the help of Meridian Capital Group.
NGKF Scores Retail Leasing Assignment at Chicago’s 100-Story John Hancock Center
The renowned John Hancock Center mixed-use tower in Chicago features a premier 190,000-square-foot retail segment, and Newmark Grubb Knight Frank has just been tapped to serve as its exclusive leasing agent by the owners of the space.