Finance i Ohio NorthMarq closes $6 million refinance in Ohio Susan Branscome, senior vice president and managing director of NorthMarq’s Cincinnati-based regional office, finalized the $6.1 million refinance of Wright Executive Center. The office is located at 2900-3000 Presidential Drive in Fairborn, Ohio.
Seniors Housing L Iowa NorthMarq negotiates $12 million in financing for Iowa seniors housing facility Jason Kinnison of NorthMarq’s Omaha regional office finalized the refinance of The Fountains Independent Living at 3728 Thunder Ridge Road in Bettendorf, Iowa.
Finance c Nebraska NorthMarq provides $4 million loan for Omaha apartment property Josh Larsen of NorthMarq’s Omaha regional office negotiated the $4.025 million refinance of New Keystone Apartments in Omaha, Nebraska.
Finance N Illinois Mag Mile Capital completes $12.5M bank loan for R&R Global Partners Mag Mile Capital closed a $12,500,000, seven-year, fixed-rate, 73 percent LTV, limited-recourse loan on behalf of Bryan Rishforth and Philadelphia-based firm, R&R Global Partners. Located in the near northwest suburb of Lincolnwood, Illinois at 6850 McCormick Boulevard, the subject property is anchored by Walmart’s new online grocery and co…
Hospitality W Minnesota Liberty SBF closes $2 million hotel loan near Minneapolis Liberty SBF has closed a first mortgage loan totaling $2.2 million to borrower Mounds View Lodging LLC for the refinance of an AmericInn by Wyndham, a three-story, 69-room, limited-service hotel in Mounds View, Minnesota. The borrower will use the funds to restructure the ownership of the property.
CRE N Illinois There’s no better ROI than investing in people For owners, investors, operators, portfolio managers and enterprise users, building optimization is key to ensuring that every penny that goes into a real estate asset is put to use effectively. So how do you quantify a property’s performance for what is typically the biggest annual spend—the people that occupy the space?
CRE N Illinois Clear Height Properties hires Kurt Angst, promotes Rick Nevarez Clear Height Properties has named Kurt Angst to the position of director of property management while also promoting Rick Nevarez to director of acquisitions and leasing as the firm continues to grow and expand its presence in the Chicago metro area through strategic new acquisitions. The announcement was made by Dominic Sergi, CEO and pres…
Office N Illinois The 'burbs are still an office draw More than 150 people packed into the recently renovated atrium of President’s Plaza near O’Hare for the 4th annual State of the Suburban Office Conference, co-hosted by GlenStar. The dozen expert speakers on hand had much to say about the state of affairs for the office market outside the influence of downtown Chicago.
Finance W Minnesota NorthMarq closes $2.05 million refinance for St. Paul apartments Michael Padilla with the Minneapolis office of NorthMarq recently arranged the $2.05 million refinance of 623 Lofts, a 17-unit multifamily property in St. Paul, Minnesota.
Finance c Nebraska NorthMarq closes $23 million refinance of Omaha apartment development Josh Larsen with the Omaha office of NorthMarq secured the $23.052 million refinance of The ZAG Apartments in Omaha. The apartment development is located at 5110 Mayberry St.
Seniors Housing N Illinois Senior Lifestyle Corporation breaks ground on the Sheridan at Oak Brook Senior Lifestyle Corporation, an owner, operator and developer of senior living communities, and Kaufman Jacobs, a Chicago-based, privately held real estate investment firm, have begun construction on The Sheridan at Oak Brook. The project, which is the fourth joint venture development between Senior Lifestyle and Kaufman Jacobs, has a targ…
Finance W Minnesota NorthMarq closes $12 million refinance of St. Paul affordable housing portfolio Michael Padilla with the Minneapolis office of NorthMarq recently arranged the $12.75 million refinance of the St. Paul Preservation Portfolio, a portfolio that contains 172 units of affordable housing.
Finance Q Kentucky KeyBank provides $86 million in financing for Kentucky multifamily property KeyBank Real Estate Capital has secured $86 million in Freddie Mac financing for Lifestyle Communities, based in Columbus, Ohio, to refinance a 646-unit Class-A multifamily complex in Louisville, Kentucky.
Hospitality O Indiana Mag Mile Capital closes $5 million refinance loan for Indianapolis hotel Chicago-based Mag Mile Capital principal and chief executive officer Rushi Shah and vice president Prabhat Jayara have completed a $5.35 million non-recourse CMBS loan on behalf of Trivedi Hospitality for Courtyard by Marriott hotel in Indianapolis.
Retail N Illinois NorthMarq closes $8.4 million refinance of St. Louis-area retail center Susan Branscome, senior vice president/managing director of NorthMarq’s Cincinnati-based regional office, arranged the $8.4 million refinance of Alton Corners Shopping Center in the St. Louis market.
Office N Illinois Lamar Johnson Collaborative helps financial trading firm achieve live-work balance Lamar Johnson Collaborative (LJC) has completed a West Loop office for BlackEdge Capital. The space, within a new commercial property in Chicago’s hot Fulton Market area, will serve as both a place to work and a place to thrive—not so much an office as an integral strand of the firm’s DNA.
CRE N Illinois Chicago Design Network names Simon Paca, Brandon Simak as new partners Chicago Design Network, an architecture and interior design firm located in the West Loop of Chicago, announced the promotion of Simon Paca and Brandon Simak, LEED AP as new partners. The two will join principals David McCarty, Deborah Winchester and Edwin Linn.
Finance Q Kentucky NorthMarq closes $2 million refinance of Best Buy property in Kentucky Susan Branscome, senior vice president/managing director of NorthMarq’s Cincinnati-based regional office, secured the $2 million refinance of a 20,000-square-foot Best Buy property at 2050 N. Dixie Highway in Elizabethtown, Kentucky.
Finance W Minnesota NorthMarq closes $17 million refinance for Minneapolis apartment building Dan Trebil, managing director of NorthMarq’s Minneapolis office, arranged the $17.451 million refinance of York Place Apartments, a 114-unit multifamily property in Edina, Minnesota.
Multifamily O Indiana Indianapolis' apartment market? Don't look for a slowdown soon The multifamily sector has been booming throughout Indianapolis for several years now. And in the near future? It’s showing few signs of an impending slowdown.