Midwest
Win Properties Refinances 56-Property National Retail Portfolio
Win Properties has refinanced a 56-retail property portfolio with ING Investment Management for $63 million.
JV Picks Up 1 MSF Chicago Office Tower in $350M Sale-Leaseback
In what’s being touted by industry leaders as Chicago’s largest office sale in 2012, the 1 million-square-foot office building at 540 W. Madison St. came under new ownership in a $350 million sale-leaseback transaction.
Laurus Acquires Two Hilton Airport Hotels in One Week
Laurus Corp., a private real estate investment and development firm, has acquired the Hilton Kansas City Airport hotel in Kansas City, Mo., its fifth hotel this year and the second in less than a week. A few days earlier, the company had closed on the Hilton San Antonio Airport Hotel in San Antonio.
Lauderhill Partners Acquires United Campus Housing Management
In its first acquisition since entering the hot student housing market, Campus Evolution Villages, a subsidiary of Lauderhill Partners, has acquired properties with a total of 1,762 beds from Gulfstream Capital Partners.
Special Report: Top CEOs Discuss Post-Recession Investment Environment
The 2012 Global Real Estate Markets Conference hosted by the James A. Graaskamp Center for Real Estate (Wisconsin School of Business) featured a premier keynote panel with some of our industry’s top CEOs.
Morguard Corp. Acquires LEED Gold M-F Complex in Chicago for $300M
Morguard Corp., an Ontario-based investor, agreed to purchase Alta at K Station, an 848-unit multi-family complex in Chicago’s West Loop, for $300 million, with the acquisition expected to close at the end of December.
Retail Properties of America Sells Aon Hewitt Property in Ill. for $148M
Retail Properties of America has sold the Aon Hewitt property, an 818,686-square-foot office property in Lincolnshire, Ill., for $148 million to an unidentified buyer.
Penn National Proposes Two Casinos in Iowa Totaling $327M
Penn National Gaming submitted two proposals for a new gaming and entertainment destination in Iowa’s Woodbury County to the Iowa Racing & Gaming Commission to possibly build its trademark Hollywood Casino.
Related Midwest Takes Long-Stalled Chicago Tower on New Course
Shovels are traditional for ground-breaking ceremonies, but Related Midwest’s restart last Thursday of another developer’s downtown Chicago high-rise, stagnant since 2008, reportedly used a sledgehammer instead.
CREW SPECIAL REPORT: M-F Industry Will Decelerate in 2013, Panelists Agree
The year 2012 will go down in the record books as a chart-popping year for the multi-family sector, but the exuberant levels of multi-family rent increases, transactional activity and equity investments are due for a slowdown over the next year, suggested speakers at the 2012 CREW Network Convention and Marketplace, held in Chicago.