Midwest
Colliers Expansion Leads into Kansas City
Colliers International continued its 10-year growth effort with the addition of Kansas City service leader The Winbury Group.
Retirement Communities Change Hands
Sedgebrook and Monarch Landing, located respectively in Lincolnshire and Naperville, Ill., have been sold for approximately $39 million to an affiliate of Senior Care Development L.L.C. and its capital partner Fundamental Advisors L.P.
Navistar Closes on Alcatel-Lucent Campus
The company’s decision to renew its commitment to the Chicago area was not always about money. At one point during purchase negotiations, community opposition to traffic and other issues that would accompany the company’s move discouraged Navistar and pushed the company to consider relocating outside of Illinois. However, local and state support, a revised plan and the appeal of revenue and high-paying jobs ultimately drowned out naysayers’ complaints.
Knoll Tapped as Senior VP for KBS Capital Markets Group
He will handle broker/dealer and registered investment advisor relationships.
Fuller Partnership “Perfect Fit” to Expand Cassidy Turley into Denver
Cassidy Turley’s latest expansion move did more than give the company a full-service presence in Denver. The fast-growing company, formed on March 1 with the partnership of a number of former Colliers firms and an assortment of others, found in Denver heavyweight Fuller Real Estate a “perfect fit.”
435,000-SF Blue Cross Lease to Increase Detroit’s GM Renaissance Center to 90 Percent Occupancy
In Michigan, Southfield’s loss will be Detroit’s gain now that Blue Cross Blue Shield of Michigan has committed to relocating to the 5.5 million-square-foot mixed-use GM Renaissance Center.
KBS REIT II Closes on 1.3 MSF 330 N. LaSalle
The transaction boosts KBS-purchased commercial real estate to more than 3.5 million square feet thus far in 2010. That square footage includes properties in Dallas, St. Louis, San Diego, Portland and Herndon, Va.
TD Ameritrade Breaks Ground on 475,000-SF Office Building in Omaha
TD Ameritrade currently leases an aggregate 125,000 square feet in three office structures at the site where the online stock trading and investment company’s new building will be erected. At completion, the corporate campus will occupy a total of 40 acres in the Old Mill area of west-central Omaha.
Healthcare Trust Secures $21.3M in Funding for Deaconess Portfolio
The Deaconess Portfolio is comprised of five medical office buildings in strategic locations on or adjacent to a hospital or clinic campus. It covers 260,500 square feet of gross leasable area and is 100 percent master-leased to Deaconess Clinic, Inc.
The 821-Room Hilton Minneapolis, Minnesota’s Largest Hotel, Trades for $155.5M
he closing of the sale of the Hilton Minneapolis–the largest hotel in the State of Minnesota–to Bethesda, Md.-based DiamondRock Hospitality comes four years after the joint venture partners acquired the property for what now seems like a meager $92 million.