More than 200 results for “land”
Legal N Illinois

Effectively using letters of intent in real estate negotiations

| Stephen J. Siegel

Before agreeing to a real estate sales contract or lease, the parties may prepare a letter of intent, term sheet or other form of preliminary agreement (together, called here an “LOI”). Generally, an LOI may be signed or at least initialed and reflects that the parties have agreed on certain important terms of a deal, though not on all of i…

Legal V Michigan

Commercial Real Estate Hall of Fame: Miller Canfield's Hodess

| Dan Rafter

Each week, REjournals.com highlights the career of one of its most recent inductees in the Midwest Real Estate News Commercial Real Estate Hall of Fame. Today, we look at the thriving career of Ronald Hodess, real estate group leader with the Detroit office of law firm Miller, Canfield, Paddock and Stone PLC.

CRE N Illinois

CBRE closes sale of 52,000-SF retail asset in Chicago

CBRE recently represented North Clark Properties LLC in the sale of a 52,034-square-foot retail property at 201 N. Clark Street in Chicago’s Loop to State Teachers’ Retirement System of Ohio. Keely Polczynski and Marcello Campanini of CBRE represented ownership in the listing and Steve Janowiak of STRS Ohio coordinated the transaction for t…

Finance V Michigan

Walker & Dunlop closes $48 million loan for castle-themed apartments

Walker & Dunlop provided a $48.3 million bridge loan for The Grand Castle Apartments, a newly developed Class-A multifamily complex located in Grandville, Michigan, a suburb of Grand Rapids. Developed by Roger Lucas, a principal of Land & Co., The Grand Castle Apartments comprises 522 units and is modeled after the famed Neuschwanstein Cast…

Multifamily N Illinois

Fulton Market loft apartments sell for $40 million

Cushman & Wakefield’s Midwest multifamily advisory group has brokered the $40,150,000 sale of 13thirteen Randolph Street Lofts, a 74-unit mixed-use property at the southwest corner of Randolph and Elizabeth streets in the West Loop’s Fulton Market District. The per-unit price is one of the highest paid so far this year in Fulton Market, acc…