Archive | October, 2011

Supply company leases 315,000 square feet of space at Opus’ Ohio business park development

October 25, 2011 Minnetonka, Minn.-based Opus Development Corporation recently announced a long-term lease agreement by Union Supply Company, Inc., for 315,534 square feet in building seven at Opus Business Center at Rickenbacker, a business park located in Groveport, Ohio. Read more...

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

Signature Associates nabs listing duties for three office buildings in Michigan

October 25, 2011 REDICO recently chose Southfield, Mich.-based Signature Associates to serve as the exlusive listing agent for the company's Southfield portfolio of office buildings. Read more...

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AIRE Luncheon Panelists Concur: With Confidence Tenuous, Strategic Actions Required

October 25, 2011 At the October meeting of the Association of Industrial Real Estate Brokers, Garry Weiss, SIOR, Jones Lang LaSalle lead a discussion with four representatives of business and commerce talking about Market Factors Affecting the Real Estate User. Joining Weiss were Bruce Lubin, PrivateBank; Julian Duerschmidt, Jacobson Companies; Rick Hamilton, ProLogis; and Mark Delph, Fortune Brands. Read more...

Chicago Industrial Properties Comments (0)

J.C. Anderson selected for 51k s.f. build-out in Chicago

October 25, 2011 J.C. Anderson, Inc. has been selected to remodel 51,400 square feet of office space located at 5515 N. East River Road in Chicago for F.H. Paschen, S.N. Nielson. Read more...

Illinois Real Estate Journal Comments (0)

Ryan Cos. completes 147k s.f. distribution center for Northern Illinois Food Bank

October 25, 2011 Ryan Companies US, Inc. has completed the construction of a new 147,000-square-foot Community Nutrition and Food Distribution Center for Northern Illinois Food Bank. Read more...

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Bluestone purchases site for regional medical office building in Oak Lawn

October 24, 2011 A new Class A medical office building will be developed in Oak Lawn, Ill., by Bluestone Healthcare Partners, LLC, who recently purchased the 2.53 acre site at 4220 West 95th Street. Read more...

Illinois Real Estate Journal Comments (3)

Inland Western pays $97.6M for Texas shopping center

October 24, 2011 Inland Western Retail Real Estate Trust, Inc. has announced the acquisition of 1890 Ranch in a joint venture with RioCan Real Estate Investment Trust. The 486,896-square-foot shopping center located in Cedar Park, TX was purchased for approximately $97.6 million. Read more...

Illinois Real Estate Journal Comments (3)

Grandbridge closes $2.9 million mortgage loan for medical building in Milwaukee

October 24, 2011 Grandbridge Real Estate Capital recently originated and closed a $2.9 million limited-recourse first mortgage loan secured by a medical office building in Wisconsin. Read more...

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Virgin Hotels and John Buck Co. team up for project at Old Dearborn Bank Building

October 24, 2011 Virgin Hotels announced that its property venture has purchased the Old Dearborn Bank Building in downtown Chicago in an all-cash transaction. Virgin Hotels will convert the former office building and expects to re-open it as Virgin Hotel Chicago in the fall of 2013. Read more...

Illinois Real Estate Journal Comments (3)

JLL negotiages 18k s.f. expansion deal for Valspar at O’Hare Plaza

October 24, 2011 The Valspar Corporation, one of the largest paint manufacturers in the world, has expanded its lease by 18,000 square feet at the O’Hare Plaza office complex, where the company now leases a total of 58,000 square feet. Read more...

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