Midwest
Meridan Negotiates $66M Senior Mortgage for Chicago Retail Center
Meridian Capital Group L.L.C. has arranged $66 million in financing for a 178,700-square-foot shopping center in Chicago owned by Baker Development Corp. The loan was supplied by an unnamed balance-sheet lender.
RiverOak Launches $300M Retail Fund
RiverOak Investment Corp. L.L.C. is setting its sights on urban retail primed for repositioning with the initiation of a new investment vehicle, RiverOak Urban Retail Investors Fund I, with the goal of securing commitments totaling $300 million.
St. Louis-Area River City Casino Up for $82M Expansion
River City Casino owner Pinnacle Entertainment has revealed plans to shell out $82 million to provide new accommodations and enhance offerings at the property in Lemay, Mo.
NorthMarq Completes Three Financing Deals For $35.5M
Over a period of two days following the Labor Day weekend, NorthMarq announced the completion of an aggregate $35.5 million in financing for three multi-family properties.
CommonWealth REIT Purchases 600 W. Chicago for $390M
600 W. Chicago Ave. has changed hands – moving from the books of 600 West Chicago Associates L.L.C. and onto the rolls of CommonWealth REIT – for a purchase price of $390 million.
Glimcher, DDR Swap $80M, $139M Assets in Columbus, Kansas City
In an interesting move, Glimcher is selling the Columbus, Ohio-based Polaris Towne Center for approximately $80 million, and DDR is unloading the Town Center Plaza in Kansas City for around $139 million – with the buyers being each other.
Hines Sells 1.4 MSF Three First National Plaza in Chicago
Thirty years after Hines developed Three First National Plaza in Chicago, the real estate company’s U.S. Core Office Fund has sold the 1.4 million-square-foot office property.
JLL Tapped for KeyCorp’s Greening Initiatives
Hot off the heels of achieving LEED Gold for the Sunnyvale, Calif., headquarters of search giant Yahoo, Jones Lang LaSalle has been tapped to serve as climate-and-energy-sustainability advisor for Cleveland-based KeyCorp.
Cole Grabs 11 PetSmart Properties for $74M
After purchasing the PetSmart headquarters in Phoenix last week for $102 million, Cole Real Estate has added 11 PetSmart store properties to its portfolio for a purchase price of $74 million.
Hertz Gets $42M Loan in Downtown Cincinnati
Hertz Investment Group took a $42 million loan on The Center at 600 Vine, a 625,765-square-foot, Class A office building in Cincinnati, from U.S. Bank.