More than 200 results for “core acquisitions”
CRE N Illinois

Stuart Sziklas joins LaSalle as head of U.S. custom accounts

LaSalle Investment Management announced that Stuart Sziklas will join the firm as the head of U.S. custom accounts, effective September 3, 2019. Sziklas will relocate from Boston to LaSalle’s global headquarters in Chicago and report to Americas CEO Jason Kern. The appointment coincides with the transition of Karen Brennan to CEO of LaSalle…

CRE N Illinois

For the first half of 2019, cap rates remained stable

| Matt Baker

Thanks to moderate growth, low inflation and falling long-term interest rates, cap rates for commercial real estate assets held steady in the first half of 2019. In Chicago, two sectors have a favorable outlook as they came in below the national average.

Industrial N Illinois

Venture One acquires Des Plaines industrial portfolio

Venture One Real Estate—through its acquisition fund, VK Industrial IV, LP, a partnership between Venture One and Kovitz Investment Group—has closed on the acquisition of a 171,022-square-foot, two-building industrial portfolio located at 76 Bradrock Drive and 31 E Oakton Street in Des Plaines, Illinois. Both properties were vacant at acquisition.

Multifamily N Illinois

Avanath pays $55 million for affordable housing portfolio

Avanath Capital Management, a private real estate investment manager and Registered Investment Adviser, has purchased three affordable housing communities with a combined 317 units in Chicago and Maryland. The assets, which bring the company’s total holdings in Chicago to 1,063 units, were acquired for a total of $55.05 million.

Office N Illinois

Doing WELL at 500 feet

| Tim Zelazny, WELL AP, LEED AP BD+C, AIA, CPHC, BECxP

In June 2019, 151 North Franklin became the nation’s first WELL-certified Core & Shell v1 Gold high-rise. Unlike LEED which focuses on reducing a building’s environmental footprint, WELL takes a hard look at improving occupant health and wellness with continued, verified performance. As stewards of their indoor and outdoor environment, 151 …

Finance c Nebraska

NorthMarq provides financing for Nebraska business park

Steve Ruff, managing director, and Josh Larsen, vice president, of NorthMarq’s Omaha-based regional office collaborated to arrange acquisition financing of $1.45 million for Ralston Business Park, a 59,488-square-foot industrial property at 5740, 5750-62 S. 77th St. in Ralston, Nebraska.

Industrial i Ohio

Construction starts on advanced manufacturing facility in Cincinnati

The Port joined Messer Construction, Terrex Development, City of Cincinnati Mayor John Cranley, Hamilton County Board of Commissioners President Denise Driehaus, REDI Cincinnati and the Bond Hill Community Council in breaking ground for the construction of an advanced manufacturing facility at 2249 Seymour Avenue, formerly a parking lot for…

CRE X Missouri

St. Louis' McCarthy hires new CEO

St. Louis-based McCarthy Holdings, Inc. has selected Raymond Sedey as the firm’s next chief executive officer. Sedey will assume this position, currently held by Michael Bolen, on Jan. 1. Bolen will continue in the role as chairman of the McCarthy board of directors.

Retail Midwest

Retail apocalypse? More like retail revolution

| Dan Rafter

The addition of three Meijer grocery stores and two Menards home-improvement stores gave a boost to the retail sector in the Cleveland and Akron areas. But despite these high-profile additions, the retail sector here – as it does across the country – faces challenges.