Midwest
Clarion Partners Purchases $118M, 2.8 MSF Industrial Portfolio from ProLogis
Clarion Partners acquired 13 Class A industrial properties from ProLogis for $118 million, focused mostly on Midwest distribution centers.
Behringer Harvard Scores Big Lease Deals in Chicago, Houston, San Fran
Behringer Harvard has secured renewed commitments and new leases totaling nearly 560,000 square feet at three of its office properties in the leading markets of Chicago, Houston and suburban San Francisco.
Oak Grove Capital Originates $59.5M in Fannie Funding for Affordable Housing in Chicago
Oak Grove Capital originated a $59.5 million Immediate Funding Fannie Mae NIBP Bond Credit Enhancement loan for the Related Cos.’ acquisition and rehabilitation of the 694-unit Parkway Gardens on Chicago’s Southside.
Sabal Financial Purchases $212M Loan Portfolio
Sabal Financial Group L.P. has snapped up a $212 million portfolio of performing and non-performing loans from a leading bank based in the Midwest. The portfolio includes real estate located primarily in Florida, Illinois and Wisconsin.
U-Store-It Trust Sells 1 MSF Midwestern Storage Portfolio for $43.5M
Moving forward with its goal of restructuring its portfolio to focus on high-barrier-to-entry markets, U-Store-It Trust has sold a 976,000-square-foot portfolio in Indiana and Ohio for $43.5 million.
Cassidy Turley Awarded 7.4 MSF Leasing Assignment for ProLogis in Cincinnati
Cassidy Turley is ramping up its Midwest efforts of late, landing a 7.4 million-square-foot industrial portfolio in the Greater Cincinnati and Northern Kentucky areas.
Harrison Focuses on Healthcare Facilities, Goes JV with Bickford Senior for $62M
In another sign of life for an up-and-down economy, especially in the healthcare sector, Bickford Senior Living and Harrison started a JV for six assisted-living facilities in a deal worth approximately $62 million.
Cassidy Turley Lands 7.8 MSF Industrial-Portfolio Management Contract
It’s a big one. Cassidy Turley has been tapped by IndCor to manage a 7.8 million-square-foot portfolio of industrial assets across cities in the central United States.
$410M Expansion Underway at Four Winds Casino in Michigan
The Pokagon Band of Potawatomi Indians plans to accommodate eager gamers from Michigan and surrounding states with the $410 million expansion of its Four Winds Casino Resort in New Buffalo.
Construction Begins on $137.5M Radisson Blu
Carlson Hotels, the global hospitality and travel company, and equity partner Mortenson Construction have commenced construction of the upper-upscale hotel, which will become the first lodging facility to be linked to the 4.2 million-square-foot Mall of America via skywalk.