CRE N Illinois Skender advances five operations team members to senior positions Chicago-based Skender announced five key leaders have been promoted. Clay Edwards was promoted to executive vice president and partner, Andy Halik to project executive, Ashlee Pforr to project executive, Rob Shilney to senior project manager and Al McReynolds to senior superintendent.
Retail N Illinois JLL closes sale of Westlake Plaza retail center in Wilmette JLL closed the sale of Westlake Plaza, a 42,018-square-foot, neighborhood shopping center in Chicago’s affluent Northshore community of Wilmette, Illinois. JLL represented the seller, Chicago-based Newport Capital Partners. A private real estate fund advised by Crow Holdings Capital purchased the asset. Terms of the transaction were not disclosed.
Healthcare N Illinois MedTec Healthcare to open senior center in Mount Prospect Cresa’s Juliette Lane represented MedTec Healthcare & Private Duty (MedTec) in an 8,180-square-foot lease at Kensington Office Center, located at 411 Business Center Drive in Mount Prospect, Illinois. MedTec will become the building’s largest tenant, joining Braxton-Reed, Millennium Mortgage Services and DHA Laboratory, among others. Larry …
Healthcare Midwest CBRE sells nine-building MOB portfolio across four states CBRE completed the sale and financing of a nine-building medical office portfolio totaling about 470,000 square feet located in four states.
Finance v Wisconsin Associated Bank closes $53 million loan for industrial building in Wisconsin Associated Bank completed a $33.15 million loan to Bluepoint 94 LLC for construction of a 590,525-square-foot industrial building in the Stateline 94 Business Park in Pleasant Prairie, Wisconsin. The property is located at the intersection of 120th Avenue and 122nd Street.
CRE v Wisconsin Madison's raSmith hires structural engineer James Lillion has joined raSmith in Madison, Wisconsin, as a structural engineer.
Healthcare N Illinois Chicago tops nation for MOB absorption, deliveries Medical office buildings (MOBs) are big business. In the race to deliver and absorb this product type, Chicago didn’t just lead the country, it recorded numbers nearly equal to the next two markets combined.
Finance W Minnesota Colliers acquires subsidiaries of Dougherty Financial Group Global commercial real estate services and investment management firm Colliers International has acquired a controlling interest in four subsidiaries of Dougherty Financial Group LLC: Dougherty Mortgage LLC, Dougherty & Company LLC, Dougherty Funding LLC and Dougherty Insurance Agency LLC.
Industrial N Illinois Clear Height Properties inks four new office leases in western suburbs Clear Height Properties has recently signed four new leases in buildings it owns and manages in Chicago’s western suburbs.
Seniors Housing V Michigan Ciena opens 120-bed seniors care facility in Michigan Ciena Healthcare, a manager and operator of skilled nursing and rehabilitation centers in Michigan, celebrated the grand-opening of its newest center in Westland, Michigan. The 120-bed facility, Regency at Westland, at 2209 N. Newburgh Road, is a skilled nursing center with a licensed and certified team of professionals.
Healthcare p Tennessee Nashville's Montecito Medical names SVP Nashville, Tennessee-based Montecito Medical Real Estate has promoted Bryan Brown to Senior Vice President, Acquisitions.
Healthcare O Indiana Colliers closes sale of MOB in Indianapolis Colliers International has closed the sale of 6330 Digital Way, a 34,260-square-foot medical hospital facility located in the heart of Intech Park in Indianapolis. Colliers closed the transaction within six months of listing the property.
CRE N Illinois Walker & Dunlop grows capital markets team in Chicago Walker & Dunlop, Inc. has expanded its debt brokerage team in the Midwest with the addition of managing directors Tim Noonan and Dave Hendrickson, and senior vice president Pat Modig. Based in Chicago, the team will be responsible for sourcing and structuring financing for all commercial real estate asset classes throughout the United States.
Net Lease N Illinois Net-leased medical properties see cap rate reversal How has the medtail phenomenon progressed in 2019? Single-tenant, net-leased medical properties saw a reversal of year-over-year cap rate movement.
Healthcare Midwest The diagnosis: Medical office market healthier than ever across Midwest The medical office market remains a hot one throughout the Midwest, with several major cities seeing demand for this space soar. And according to the latest research from CBRE, this trend doesn’t look to be ending soon.
Healthcare O Indiana Quantum closes $7.7 million medical office building sale in Indiana Quantum Real Estate Advisors, Inc. has brokered the sale of a single-tenant medical office building at 1310 Lebanon St. in Lebanon, Indiana. The property sold for $7.7 million and was subject to a long-term lease with American Health Network.
CRE N Illinois Skender named Modular Builder of the Year Skender, a Chicago-based vertically integrated design, construction and manufacturing firm, has been named America’s “Modular Builder of the Year” by Construction Dive. Leveraging Lean expertise, Skender opened its 105,000-square-foot advanced manufacturing facility in Chicago in May 2019 where construct turnkey, steel modular, scalable sol…
Finance Midwest Love Funding names director Love Funding, a provider of FHA, multifamily, affordable and healthcare financing, has added Michael McKenzie as director.
Retail Q Kentucky NAI Isaac brings physical therapist to Kentucky community NAI Isaac recently leased a 2,862-square-foot space to ApexNetwork Physical Therapy.
Healthcare p Tennessee Nashville's Montecito names chief investment officer Montecito Medical Real Estate, a Nashville, Tennessee-based owner of medical office buildings throughout the United States, has promoted executive vice president of acquisitions Justin Hayball to chief investment officer.