Midwest
$159M Chicago Apartment Complex Picked Up by RP Holdings
In a big Midwest move, RP Holdings L.L.C. just ponied up $159 million for a two-tower, 1,031-unit multi-housing property in the Hyde Park neighborhood of Chicago.
Cleveland State, Co-Developers Break Ground on $50M Mixed-Use
In conjunction with partners Polaris Real Estate Equities and Buckingham, Cleveland State University has begun a $50 million residential project, the largest single such development in the city for more than three decades.
Vornado Makes Sales to “Focus on Core”
Vornado has entered into a $228 million deal to sell the 1.2 million-square-foot 350 West Mart Center office building in Chicago and signed a separate agreement to fork over ownership of four mixed-use retail assets in Manhattan for $78 million.
Harrison Grabs 8 Seniors Properties for $125M
Harrison Real Estate Capital, on behalf of Harrison Street Real Estate Partners III L.P., has just completed an off-market transaction for an eight-property seniors-housing portfolio for approximately $125 million.
KTR Capital Acquires 301 KSF Industrial Facility in Kentucky
KTR Capital continues to expand its presence in metropolitan Louisville, Ky.’s industrial market with the recent acquisition of a 300,800-square-foot property in Shepherdsville.
Fifield, Wood Partners Break Ground on $175M K2 Tower in Chicago
It’s been seven years since the K Station development began construction in Chicago, but now developer Fifield has joined with Wood Partners to begin construction on the development’s fifth building: the 34-story K2.
Why Blackstone’s $1.1B Bet Goes Against the Grain
The Blackstone Group’s $1.1 billion acquisition last week of a suburban office portfolio from Duke Realty Corp. challenges conventional wisdom on multiple fronts — and departs from the standard approach of grabbing core office product in a handful of markets.
Breaking News: Blackstone Buys a Billion
Blackstone has just spent $1.1 billion on an 82-building, 10.1 MSF portfolio, buying suburban office assets in seven markets across the Midwest and South from Duke Realty Corp.
Seniors Housing Portfolio Trades for $52M
With investors’ eyes on seniors housing these days, ownership of a three-property portfolio in Indiana became the latest to trade hands.
CBRE to Oversee Management, Leasing of GM’s 5.5 MSF Detroit HQ
CBRE was recently tapped by General Motors to spearhead facilities management, leasing and project management of Renaissance Center, the automaker’s 5.5 million-square-foot mixed-use headquarters complex in Detroit.