Finance N Illinois Merchants Capital expands to Chicago, hires nine new employees Merchants Capital, a multifamily, affordable and healthcare lender headquartered in Carmel, Indiana, has opened a production office in Chicago, located at 131 S. Dearborn Street in The Loop—the company’s fourth office nationwide. Lee Oller has been hired as executive vice president to lead the Chicago team.
Multifamily V Michigan RD Management to transform vacant Kmart into mixed-use development RD Management plans to develop the mixed-use Muskegon Shopping Center at 3530 Henry St. in Muskegon, Michigan. The new project will include the removal of a vacant 134,874-square-foot former Kmart parcel, renovation of the 32,338 square feet of adjacent retail space and the construction of five, three-story residential buildings todal 126 units.
CRE N Illinois Jon Bryn joins Victor Construction as a senior project manager Jon Bryn has joined Schaumburg, Illinois-based general contractor Victor Construction Co., Inc. as a senior project manager. An accomplished and versatile project manager and a licensed architect, Bryn has over 25 years’ experience in construction, for a variety of industries and clients.
Finance N Illinois Draper and Kramer hires Jacob Vial as SVP for FHA/HUD lending Draper and Kramer has hired Jacob Vial as senior vice president in the company’s commercial finance group, overseeing Federal Housing Administration/Housing and Urban Development lending for multifamily and senior housing properties. Based out of the firm’s Chicago headquarters, he will serve as chief underwriter for all credit decisions an…
Healthcare W Minnesota Kraus-Anderson renovating critical-access hospital in Minnesota Kraus-Anderson has begun a remodeling project at Windom Area Health, an 18-bed critical access hospital located at 2150 Hospital Drive in Windom, Minnesota.
Healthcare N Illinois CBRE completes $90 million sale of four-state medical office building portfolio CBRE closed on 23 medical buildings through three separate transactions totaling approximately $90 million. The deals, sold to separate buyers over the last week, totaled over 300,000 square feet across four states. Properties include the Greenleaf Center Medical portfolio in the Chicago area, as well as two portfolios with properties in Al…
Multifamily i Ohio Sputtering? Not Columbus' apartment market Finding an apartment in one of Columbus’ top neighborhoods? That’s not easy. For proof, look to the 2019 Columbus, Ohio, multifamily forecast report released by Marcus & Millichap. According to the report, Columbus’ apartment vacancy rates will remain among the lowest of major U.S. metropolitan areas throughout this year.
CRE N Illinois Ventas chairman and CEO, Debra Cafaro, selected chair of Economic Club of Chicago The Economic Club of Chicago announced at its 91st Annual Dinner Meeting that Debra A. Cafaro, chairman and CEO of Ventas, Inc., has been selected chair of its board of directors effective July 1, 2019. Cafaro will succeed Mellody Hobson, president of Ariel Investments, whose two-year term will end on June 30.
Healthcare O Indiana JLL to lease 11-building medical office portfolio in Indiana JLL has been selected to lease the central Indiana medical office building portfolio of Lillibridge Healthcare Services, one of the top medical office building operating platforms in the United States. The 11-building portfolio encompasses 786,000 square feet of Class-A medical-use space on four hospital campuses in Indianapolis, Carmel and…
CRE N Illinois Clear Height Properties adds to growing team Clear Height Properties has named Nena Guillory Hamilton as controller. In this position the accounting and commercial real estate veteran is responsible for financial and accounting functions for the company and its expanding commercial real estate portfolio. The firm also announced the appointment of Joe Young as vice president, asset man…
Healthcare p Tennessee NAI Nashville closes 8,500-square-foot medical lease in Tennessee NAI Nashville helped bring Tennessee Orthopaedic Alliance as the latest tenant at 215 Gothic Court in Franklin, Tennessee.
CRE N Illinois Mark Skender receives lifetime achievement award from UW-Madison Skender CEO Mark Skender was recently awarded a Lifetime Achievement Award from the University of Wisconsin–Madison Construction Club. Since 1997, the club has served the needs of the university’s construction engineering and management programs by fostering contacts between UW–Madison engineering students and the design and construction industry.
CRE b N Dakota Kraus-Anderson makes promotions in North Dakota, Minnesota Ross Wilmes has been promoted to vice president, director of operations for the North Dakota regional office of Kraus-Anderson.
Healthcare O Indiana The new Hall of Fame class: Cornerstone Companies' J. Taggart Birge Each year, Midwest Real Estate News highlights the careers of the most successful Midwest CRE professionals in its Commercial Real Estate Hall of Fame issue. We also run these profiles online each Tuesday. Today, we look at the career of J. Taggart Birge, president and principal of Cornerstone Companies in Indianapolis.
Healthcare v Wisconsin Boldt wins national award for Wisconsin hospital project Associated General Contractors (AGC) of America honored The Boldt Company with a Build America award for the construction of Aurora Medical Center – Bay Area, a 335,033-square-foot replacement hospital, medical office building and cancer center in Marinette, Wisconsin. The Boldt Company was recognized for its Integrated Lean Project Deliver…
Office N Illinois Adventus Realty Services signs Molina Healthcare of Illinois in renewal lease Cushman & Wakefield has represented Adventus Realty Services, Inc., in lease renewal negotiations with Molina Healthcare of Illinois at 1520 Kensington Road at The Crossings of Oak Brook in Oak Brook, Illinois. The company occupies 37,127 square feet.
Healthcare c Nebraska Darland celebrates opening of medical clinic in Omaha Darland recently marked the official ground-breaking of one of Omaha’s newest medical office buildings, CHI Health Clinic Millard. The new, 38,844-square-foot clinic will feature 59 exam rooms and focus on primary care with specialties including radiology, ultrasound, behavioral health, nutrition and physical therapy.
CRE Midwest TCF Bank's Kelly: Developers can't just build apartments anywhere anymore As president of commercial banking in the Minneapolis office of TCF Bank, Patricia Kelly knows just how strong the commercial real estate market remains today. She also understands how the different commercial sectors are evolving. The financing requests TCF Bank receives offer evidence of office and multifamily sectors that are experiencin…
CRE N Illinois ACPA names Mueller as marketing vice president The American Concrete Pavement Association (ACPA), a national trade association for the concrete pavement industry based in Rosemont, Illinois, has named Scott J. Mueller as the association’s vice president of marketing, beginning April 1.
CRE Q Kentucky JLL adds pair of veterans to Louisville office JLL has added Rick Ashton and Jeff Dreher to its Louisville office. Dreher and Ashton will each serve as a vice president on the office team. The duo joins JLL from Cushman & Wakefield|Commercial Kentucky.