Archive | April, 2011

BGC Partners to Acquire the U.S. Business of Newmark Knight Frank

April 29, 2011 BGC Partners, Inc., one of the world's leading voice and electronic brokers serving the global wholesale financial markets, today announced that it has entered into an agreement to acquire Newmark, the real estate advisory firm which operates as Newmark Knight Frank in the U.S. and which is associated with London-based Knight Frank, which has extensive offices throughout the rest of the world. Read more...

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Mid-America brings Five Guys burger chain to Michigan shopping center

April 29, 2011 A new Five Guys Burgers and Fries restaurant will soon be coming to Eastpointe, Mich., thanks to the efforts of Mid-America Real Estate-Michigan. Read more...

Midwest Real Estate News, News Comments (1)

Kansas office of NorthMarq provides financing for five-property multi-family portfolio

April 29, 2011 The Overland Park, Kan., office of NorthMarq Capital recently arranged first mortgage financing of $40.43 million for a five-property multi-family portfolio in Pennsylvania. Read more...

Midwest Real Estate News, News Comments (0)

Occidental Management to convert theater complex into Class-A office space in Kansas

April 29, 2011 Occidental Management recently acquired a 47,000-square-foot theater complex in Wichita, Kan., that it will turn into an office building. Read more...

Midwest Real Estate News, News Comments (1)

Industry vet Mannion joins St. Louis brokerage Balke Brown & Associates

April 29, 2011 Ellen Mannion has joined St. Louis-based commercial brokerage and development firm Balke Brown & Associates as vice president of commercial brokerage. Read more...

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CoStar acquires LoopNet to create massive commercial listings site

April 28, 2011 CoStar, an online commercial real estate information service, this week entered an agreement to acquire online commercial listings site LoopNet, Inc. The transaction is valued at about $860 million. Read more...

Chicago Industrial Properties, Illinois Real Estate Journal, Midwest Real Estate News, Minnesota Real Estate Journal, News Comments (1)

New office lease brings former Ford vertical assembly plant in Minneapolis to nearly full occupancy

April 27, 2011 A new office deal will leave the historic Ford Center office building in Minneapolis -- owned by United Properties -- nearly 90 percent occupied. Read more...

Midwest Real Estate News, Minnesota Real Estate Journal, News Comments (1)

Browning Construction to tackle $7 million manufacturing expansion in Indiana

April 27, 2011 Indianapolis-based Browning Construction will soon begin construction on a $7 million manufacturing facility expansion project in Greencastle, Ind. Read more...

Midwest Real Estate News, News Comments (0)

Chicago office market improves for second consecutive quarter

April 27, 2011 Conditions improved in the suburban and downtown office markets for the second consecutive quarter, according to NAI Hiffman’s First Quarter 2011 Chicago Office Report. Read more...

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TCF Inventory Finance doubles footprint with new sublease

April 26, 2011 Jones Lang LaSalle has announced that TCF Inventory Finance, Inc. — an indirect subsidiary of Wayzata, Minnesota-based TCF Financial Corporation, a bank holding company with $18.5 billion in total assets — will move its corporate headquarters to a 45,156-square-foot sublease space at the Schaumburg Corporate Center. Read more...

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