Archive | September, 2011

Omaha’s World Group closes purchase of multi-family complex in Texas

September 30, 2011 Omaha-based World Group Commercial Real Estate and Seldin Company recently purhcased Westhaven, a 110-unit multi-family complex in Beaumont, Texas. Read more...

Midwest Real Estate News, News Comments (2)

Next Realty closes 15,000 square feet of lease transactions at Chicago-area retail centers

September 30, 2011 Northbrook, Ill.-based Next Realty recently completed 15,000 square feet of retail lease transactions at centers it owns and manages in Niles and Wilmette, Ill. Read more...

Illinois Real Estate Journal, Midwest Real Estate News, News Comments (0)

Illinois’ Peak Construction to build new hotel in Iowa

September 29, 2011 Des Plaines, Ill.-based Peak Construction Corporation recently broke ground as general contractor on a new Hilton Garden Inn Hotel on Nordic Drive near Iowa Highway 58 and Ridgeway Avenue in Cedar Falls, Iowak for hotel owner Chris Bro III. Read more...

Illinois Real Estate Journal, Midwest Real Estate News, News Comments (2)

Magellan Development’s Village Market retail center in Chicago to debut first tenants

September 29, 2011 The Village Market retail center bordering Chicago's Lakeshore East neighborhood on the New Eastside will open Oct. 4 with the debut of the bi-level Mariano’s Fresh Market. The second anchor tenant, III Forks Steakhouse, has scheduled its grand opening for Oct. 5. Read more...

Illinois Real Estate Journal, Midwest Real Estate News, News Comments (2)

Marcus & Millichap sells eight-building apartment complex in Chicago suburb

September 29, 2011 Marcus & Millichap Real Estate Investment Services recently arranged the sale of an apartment complex consisting of eight 12-unit buildings in Naperville, Ill. The asset sold to Evergreen Real Estate Services at a price of $7.5 million, which represents a cap rate on current net operating income of 7.37 percent. Read more...

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

Pedcor Companies bucks trend, brings new tenants to Indiana retail center

September 29, 2011 Despite the struggling economy, Carmel, Ind.-based Pedcor Companies is successfully filling an upscale retail center in its hometown. Read more...

Midwest Real Estate News, News Comments (1)

McKinley handles successful disposition of apartment complex in Ohio

September 29, 2011 Ann Arbor, Mich.-based McKinley's Residential Client Services division recently closed the disposition of Executive Towers, a 149-unit apartment complex in Toledo, Ohio. Read more...

Midwest Real Estate News, News Comments (0)

Liberty Property Trust buys three industrial buildings in Minnesota

September 28, 2011 Eden Prairie, Minn.-based Liberty Property Trust recently purchased three industrial distribution properties in Minnesota totaling more than 450,000 square feet of space. The properties were purchased for about $25 million. Read more...