Finance Midwest

A big 2018 for Bellwether: More than $7 billion in estimated loan volume

Bellwether Enterprise Real Estate Capital LLC finished 2018 strong, with more than $7 billion in estimated loan volume and a servicing portfolio of $22.6 billion. This included the closing of more than 750 loans for commercial and multifamily properties in key markets across the United States. The total loan volume was a 17 percent increase from 2017, a sign of Bellwether Enterprise’s continued growth and potential.

CRE Midwest
Cushman & Wakefield acquires QSI Facilities

Cushman & Wakefield acquires QSI Facilities

Cushman & Wakefield announced the completion of its acquisition of Quality Solutions, Inc. (“QSI”). This acquisition will expand Cushman & Wakefield’s facilities management capabilities and coverage across North American markets by leveraging QSI’s strong supply chain of 50,000+ qualified suppliers and 75+ facilities trades.

Healthcare Midwest
The MOB portfolio includes Christ Hospital Surgery Center at 4850 Red Bank Road in Cincinnati.

Welltower, CNL Healthcare exchange $1.25 billion MOB portfolio

Welltower Inc. and CNL Healthcare Properties have entered into a definitive agreement under which Welltower will acquire a Class A medical office and outpatient facilities portfolio comprised of 55 buildings from CNL Healthcare Properties for $1.25 billion. The sale is expected to close during the first half of 2019, subject to customary closing conditions, governmental and other third-party consents.

Industrial Midwest
Westmount Realty acquires 1.43 MSF Midwest industrial portfolio

Westmount Realty acquires 1.43 MSF Midwest industrial portfolio

Dallas-based Westmount Realty Capital, LLC announced the acquisition of a 1.43-million-square-foot industrial portfolio in Chicago, Cincinnati and Columbus, Ohio. Comprised of 12 buildings built between 1970-1994, the portfolio has clear heights ranging from 20-26 feet, an average office finish of 7 percent and an average historical tenant tenure of 12 years.

Legal Midwest
David Carr;Husch Blackwell

Husch Blackwell elects eight Midwest real estate attorneys to partnership

Husch Blackwell announced that 25 attorneys have been elected to the firm’s partnership, effective January 1, 2019. Of those, eight are based in the Midwest and work in the firm’s real estate, development and construction practice. These attorneys include David Carr, Adam Charlsen, Chris Collins, Karin Jacoby, Denyse Jones, Brent Meyer, Ellen Pantaenius and Michael Tolles.

Finance Midwest
Evan Gentry

Money360 hits $1 billion milestone

Money360, a technology-enabled direct lender specializing in commercial real estate loans, has surpassed $1 billion in loans originated and closed since inception. The announcement comes just 11 months after the company announced it had surpassed $500 million.