Industrial i Ohio Cushman & Wakefield|CRESCO closes 9-acre industrial deal in Ohio Cushman & Wakefield|CRESCO professionals Simon Caplan and Paul DiVincenzo represented global engineering firm Nidec Industrial Solutions in the purchase of about 9 acres of land located at the corner of Granger and Tuxedo Road in Brooklyn Heights, Ohio.
CRE N Illinois Graycor takes on Tough Mudder, aiming to raise over 50K for ALS Association Graycor Family of Companies, including Graycor Construction Company Inc., Graycor Industrial Constructors Inc. and Graycor Southern Inc., will participate in the Tough Mudder event to raise money for charity for the fourth consecutive year. The Chicago team will tackle the 10-12-mile obstacle course in Rockford, Illinois on Saturday, August…
CRE N Illinois Waterton names VP of design and construction Waterton, a Chicago-based real estate investor and operator, has appointed industry veteran Peg Blackall as vice president of design and construction to oversee the firm’s architectural, design and construction processes.
Finance X Missouri Berkadia finances Kansas City's Flashcube apartments Berkadia recently closed the financing of Flashcube Apartments, a high-rise multifamily property being redeveloped in Kansas City, Missouri. Managing director John Schorgl of Berkadia’s Kansas City office originated the $32.95 million redevelopment loan through Boston-based UC Funds.
Office L Iowa Weitz Company starts construction of corporate HQ in West Des Moines Construction crews broke ground last week at the site of Sammons Fnancial Group’s new corporate headquarters in West Des Moines, Iowa. The Weitz Company is the general contractor of this project.
CRE N Illinois Clayco architecture firms LJC and BatesForum to merge Lamar Johnson Collaborative (LJC), a subsidiary of Clayco, will combine with Clayco-owned BatesForum, creating one architecture firm of more than 240 professionals in five offices. Lamar Johnson will head up the new organization, which will continue to be known as LJC and based in Chicago.
Retail N Illinois New Lenox shopping center sells for $4.6 million Marcus & Millichap closed the sale of Bluestone Commons, a 36,025-square-foot retail property located in New Lenox, Illinois, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. After procuring multiple offers, the asset sold to a Canadian real estate firm for $4,600,000.
CRE N Illinois Peg Blackall appointed VP of design and construction at Waterton Waterton, a Chicago-based real estate investor and operator, has appointed industry veteran Peg Blackall as vice president of design and construction to oversee the firm’s architectural, design and construction processes.
Seniors Housing p Tennessee Hunt Midwest to build 76,000-square-foot seniors housing center in Tennessee Hunt Midwest has received unanimous approval from the City Commission in Mt. Juliet, Tennessee, to rezone a 5.5-acre site at 3125 N. Mt. Juliet Road where it plans to build The Capstone at Mt. Juliet, an assisted living and memory care community.
Office i Ohio Booming? No. But Cleveland's office market remains steady The biggest office sale in Cleveland in the first quarter of the year came relatively late: Oaktree Capital Management’s $51.5 million purchase of PNC’s operations at 4100 W. 150th St. But while that transaction grabbed most of the headlines, it wasn’t the only big office sale of the first quarter here.
Retail N Illinois The nation's largest rooftop deck, Offshore, opens at Navy Pier Last night, the nation’s largest rooftop venue celebrated its opening at Chicago’s iconic Navy Pier. Offshore, a 36,000-square-foot, all-weather venue welcomed guests for drinks and hors d'oeuvres, and to see the official designation from Guinness World Records for largest rooftop bar.
Industrial N Illinois Seefried to develop 72,000-SF spec warehouse in O'Hare submarket Seefried Industrial Properties, along with a long-standing European capital partner, have recently purchased a 3.9-acre site at 2100 S. Wolf Road in Des Plaines, Illinois. Seefried will develop a 72,000-square-foot, spec distribution facility on the property, which is located less than half a mile north of O’Hare Airport.
CRE N Illinois Clune Construction promotes 11 in Chicago In keeping with its culture of promoting from within, Clune Construction has promoted 11 of its talented professionals in its Chicago office to executive-level positions: John Amos, Jim Bardoczi, Craig Erdenberger, Chris Franz, Andrew Hoppe, Steve Green, Rachel Munkvold, Dino Pastore, Mary Shea, Jeremy Stanek and Luke Unverzagt.
CRE Midwest Peak is proud to have teamed up with Marty Edmondson and Black Creek Group on a trio of projects last year Peak Construction Corp. teamed up with Marty Edmondson and Black Creek Group on a trio of projects last year in Bensenville, Mt. Prospect and Naperville, Illinois.
Industrial O Indiana Avison Young listing 2.4-million-square-foot business park near Indianapolis Avison Young has been named the exclusive listing agent for a 2.4-million-square-foot master-planned business park to be developed on a speculative basis in the Indianapolis market. Whiteland Exchange is on a 167-acre land site at the intersection of Interstate-65 and Whiteland Road in Whiteland, Indiana, in the Indianapolis South submarket.
Industrial N Illinois SEDCO Capital purchases FedEx distribution center in Niles SEDCO Capital, a Saudi Arabian Asset Manager, has purchased a FedEx Ground-leased distribution facility in Niles, Illinois, a northern suburb of Chicago. The property was purchased via a separate account managed by ElmTree Funds, LLC, a real estate private equity firm based in St. Louis.
Industrial Q Kentucky Dermody acquires 17 acres for future warehouse near Louisville airport Dermody Properties has acquired 17.1 acres near the Louisville Muhammad Ali International Airport (SDF) from the Louisville Renaissance Zone Corporation. The site is located in the Renaissance South Business Park, which was created by the LRZC on 680 acres of land located within two miles of SDF, two interstate highways and a major rail line.
Multifamily N Illinois Chicago's condo and rental markets: A mid-year check-up As the Chicago area continues to create high-paying white-collar jobs, the demand for housing has kept up. How has the multifamily sector performed during the first half of 2019, and does the outlook for the rest of the year suggest that developers and brokers will be busy?
Seniors Housing N Illinois Evergreen Real Estate Group completes renovation of Bethel Terrace Apartments on Chicago’s South Side Evergreen Real Estate Group has completed a $4 million renovation of Bethel Terrace Apartments, a 123-unit affordable senior housing community located at 900 W. 63rd Parkway in Chicago’s Englewood neighborhood. The Illinois Housing Development Authority (IHDA) provided financing for the rehabilitation.
Office N Illinois Sara Lee opens R&D facility within Oakbrook Terrace headquarters Sara Lee Frozen Bakery celebrated a sweet addition to its recently launched Oakbrook Terrace, Illinois headquarters with the opening of a 10,000-square-foot R&D innovation center and test kitchen. The facility, the “Kitchens of Sara Lee,” will focus on the innovation and expansion of new flavors and product lines for the dessert product man…