Midwest
Stan Johnson Brokers Michigan Industrial Sale
The building, located between Detroit and Flint, Mich., contains 667,000 square feet and is primarily used for product storage and regional distribution.
Smartstop Fund Buys Repurposed Milwaukee Facility
The firm has expanded its portfolio with the acquisition of a 770-unit newly converted storage asset.
West Loop Trophy Tower Hits the Million Mark
Preleasing at 110 N. Wacker, Chicago’s tallest new office building in decades, surpasses 1 million square feet on the strength of a law firm’s commitment.
Ashford Hospitality Sells 2 Hotels for $38M
The REIT utilized proceeds from the sale of hotels in Georgia and Wisconsin to pay down debt.
Brookfield Properties Redevelops Top Floors of Iconic Chicago Building
The last six floors of the former Marshall Field and Company building and current home of Macy’s will be turned into modern office space by 2020.
McCarthy Selects Next CEO
Raymond Sedey will take over as the company’s new chief executive officer starting with January 2020 and will maintain an office in St. Louis and one in Dallas.
Nashville MOB Lands Refi Package
CIT Bank provided the $7.6 million mortgage for the nearly 40,000-square-foot property, retiring a previous $7 million loan from Capital One.
Fairbridge Properties Buys Chicago Office Asset for $43M
The company purchased Oak Brook Gateway, a 233,200-square-foot building, marking its entrance into the Windy City market.
NorthMarq Secures Financing for St. Louis Mixed-Use Buy
The team of Senior Vice President Jeff Chaney and Vice President Dan Baker facilitated the transaction through StanCorp Financial Group.
SARA Investment Expands St. Louis Footprint
The nearly $9 million office acquisition marks the buyer’s ninth investment in the market. The upgraded asset is in the city’s Northwest suburb.