Archive | December, 2011

Chief Real Estate Company closes several sales in Minnesota

December 17, 2011 St. Paul, Minn.-based Chief Real Estate Company has been busy during the last quarter of the year, recently closing several commercial sales in Minnesota. Read more...

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

Chicago area home sales show signs of stability

December 16, 2011 Home sales activity in the metropolitan Chicago real estate market during November delivered another indication that a gradual increase in the number of homes changing hands is beginning to help stabilize home prices, according to an analysis by RE/MAX of sales statistics gathered by Midwest Real Estate Data, LLC. Read more...

Illinois Real Estate Journal Comments (1)

Grandbridge closes $2.3 million loan for multi-tenant office building in Wisconsin

December 16, 2011 Grandbridge Real Estate Capital recently originated and closed a $2.3 million first mortgage acquisition and renovation loan secured by a multi-tenant office building in Wisconsin. Read more...

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McShane launches 100-acre business park in Woodridge, Ill.

December 15, 2011 McShane Development Company has announced the launch of Union Pointe, a new 100-acre industrial and office business park strategically located at the northeast quadrant of I-355 and I-55 in Woodridge, Illinois. Read more...

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McKinley takes over property and asset management duties for Borders former headquarters

December 15, 2011 Ann Arbor, Mich.-based McKinley’s Commercial Client Services division is now the property manager and asset manager for the former Borders Headquarters building, a 330,000-square-foot office building in Ann Arbor. Read more...

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Wisconsin’s Riley Construction tackles Illinois park district’s largest construction project

December 15, 2011 Milwaukee-based Riley Construction was recently selected by the Carol Stream Park District to provide professional construction services for a new $18 million, 90,850-square-foot community recreation center, the largest construction project in the park district's history. Read more...

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

Minnesota’s Oak Grove Capital originates $6.5 million loan for multi-family property

December 15, 2011 St. Paul, Minn.-based Oak Grove Capital recently originated a $6.56 million Fannie Mae affordable loan for the acquisition of Tierra Vista, a 152-unit multi-family community in Kissimmee, Fla. Read more...

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

Clayco to Construct Galesburg, Illinois Branch for IH Mississippi Valley Credit Union

December 15, 2011 Clayco Inc. has been named design-builder for a new 5,000-square-foot branch location for IH Mississippi Valley Credit Union located at 404 W. Carl Sandburg Drive in Galesburg, Ill. This will be the credit union’s second branch in Galesburg. In addition to managing the design-build, Clayco also assisted in locating and securing the site. Read more...

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Marcus & Millichap arranges sale of $1.1M office building

December 14, 2011 Marcus & Millichap Real Estate Investment Services has announced the sale of Mannheim Square Office Building, a 1.613 Acre Multi-Tenant Office Building located in Frankfort, Ill. The asset commanded a sales price of $1.1 million. Read more...

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Sperry Van Ness completes $3.3M sale of failed condo building in South Loop

December 14, 2011 Jeff Baasch, director of multifamily sales at Sperry Van Ness, has closed the sale of a 54,000-square-foot timber loft building at 2100-14 S. Indiana in the South Loop. Read more...

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