CRE X Missouri $31 million bond sale paves way for Paragon Star development in Missouri Paragon Star LLC and the I-470 Western Gateway Transportation Development District have announced the sale of $31.094 million in transportation sales tax revenue bonds to finance construction of new transportation-related improvements in and around the Paragon Star sports and recreation project at the northeast quadrant of Interstate 470 an…
Multifamily N Illinois First look at Gold Coast condo project, Fifteen Fifty on the Park New renderings have been released for Fifteen Fifty on the Park, a boutique condominium building from developers Golub & Company, CIM Group and Avoda Group. Designed by Solomon Cordwell Buenz, the redeveloped property in Chicago’s Gold Coast is scheduled for delivery in the fourth quarter of 2019.
Multifamily O Indiana Where are Indianapolis apartment investors coming from? Across the globe The multifamily market in Indianapolis is attracting plenty of investment dollars today, and not just from buyers in Indiana or the Midwest.
Seniors Housing v Wisconsin Evergreen Real Estate wraps $2 million renovation of Wisconsin seniors housing Evergreen Real Estate Group has completed a $2 million renovation of Durand Plaza, a 72-unit affordable senior housing community in Racine, Wisconsin. Evergreen, which acquired the property in October 2017 and has managed it since, also secured a 20-year extension of the property’s Section 8 Housing Assistance Payments contract in conjuncti…
Multifamily N Illinois CEDARst Companies closes on new property at Broadway and Foster in Chicago A new TOD development in Edgewater is about to take shape at 1137 W. Foster Avenue. CEDARst Companies will invest nearly $8 million to develop a new multifamily property on the 10,500-square-foot lot at the southeast corner of Broadway and Foster.
Office P Kansas Boring offices just won't do; Creativity is the key today Offices that are functional but bland? They’re no longer good enough. Companies today want to move into modern office space that offers some of the same amenities featured in high-end apartment buildings, everything from fully stocked fitness centers to bike racks and onsite showers.
Multifamily N Illinois 275-unit South Loop multifamily project breaks ground Draper and Kramer, Incorporated announced that it has started construction on 2111 S. Wabash Avenue, a 24-story, 275-unit building in the McCormick Square area of Chicago’s South Loop. Located less than one block from the CTA’s Cermak/McCormick Place Green Line station, the transit-oriented development will offer residents a convenient loca…
CRE N Illinois Kinzie Industrial Corridor flex space sells for $3.9 million Interra Realty announced the $3.9 million sale of 1827 W. Hubbard Street, a 33,000-square-foot flex office building in Chicago’s West Town neighborhood, within the boundaries of the Kinzie Industrial Corridor. Interra director Colin O’Malley and co-founding principal Jon Morgan represented the private seller. The buyer was Chicago-based Day…
Multifamily N Illinois Pre-leasing begins at The Field's Lofts on Chicago's North Side Chicago-based Hubbard Street Group (HSG) announced the start of pre-leasing at The Field’s Lofts, a 123-unit loft-style rental community housed in a portion of the redeveloped Marshall Field’s warehouse at 4000 W. Diversey Avemnue, near Chicago’s Logan Square neighborhood. Located in the easternmost portion of the 1.5 million-square-foot bu…
Office Real Estate News Midwest Real Estate News Vantage Point Properties to develop 315,000-square-foot complex in Lenexa Vantage Point Properties’ first foray into the Kansas City market is now official. The Wichita, Kansas-based commercial real estate company closed on a deal to take ownership of a tract of land at 9300 Renner Blvd. near Interstate-435 and Renner Boulevard in Lenexa, Kansas.
Retail W Minnesota Hanley sells key retail building in Minneapolis-area community Hanley Investment Group Real Estate Advisors has completed the sale of a new construction 6,702-square-foot building occupied by E*Trade and Roti Modern Mediterranean restaurant at 3901 W. 70th Street in Edina, Minnesota.
Retail v Wisconsin Mid-America closes several retail deals in Wisconsin Mid-America Real Estate-Wisconsin recently completed several retail transactions, including Shopko Optical CZenter’s 2,120-square-foot lease at Shoppes at Fox River Shopping Center at 1250 W. Sunset Drive in Waukesha, Wisconsin.
Retail X Missouri Knoebel finishes work on St. Louis-area Mellow Mushroom pizzeria The new Mellow Mushroom pizzeria in Cottleville, Missouri, is complete and open, with Knoebel Construction having served as the general contractor.
Finance N Illinois Cohen Financial arranges acquisition loan for boutique hotel in Streeterville Cohen Financial, a division of SunTrust Bank and a national real estate capital services firm, announced that Dan Rosenberg, managing director, and Matt Terpstra, vice president in the Chicago office, closed $16.85 million with Prime Finance for the acquisition of the Ivy Boutique Hotel.
Retail v Wisconsin Three retailers join Irgens' mixed-use development near Milwaukee Three retailers have joined Irgens’ The Shoppes at The Corridor on Bluemound Road in Brookfield, Wisconsin. Old Navy, Party City and Five Below will join Dick’s Sporting Goods to complete the mid-box component of The Shoppes at The Corridor.
Retail V Michigan Bradley Company: Plenty of hope for Grand Rapids' retail The commercial real estate market in Grand Rapids remains one of the busiest in Michigan. This isn’t surprising considering the rise of this city as a Midwest tourist destination, one becoming known for its brew pubs, eclectic mix of restaurants and popular museums.
Multifamily N Illinois Interra Realty brokers $8.2M apartment building sale on Chicago’s North Side Interra Realty announced the sale of 820-26 W. Cuyler Avenue, a 43-unit rental community in Chicago’s Buena Park neighborhood. The $8.2 million sale price equaled approximately $191,000 per unit and was one of the largest multifamily transactions in Buena Park in the last two years.
Retail i Ohio True Food Kitchen to open in Columbus' Easton Town Center True Food Kitchen, a seasonally-inspired restaurant brand, announced it will open in the Easton Town Center development in Columbus, Ohio, in 2020. This will be the chain’s first location in Ohio.
Multifamily N Illinois Spaces Real Estate begins leasing at MODE Lakeview in Chicago Chicago-based Spaces Real Estate announced the start of leasing at MODE Lakeview, a four-story, 18-unit rental community located at 3462 N. Lincoln Avenue on Chicago’s North Side. Developed by Fifield Construction and Realty and Tandem Construction, Development & Architecture, the transit-oriented development is now welcoming new residents …
Multifamily N Illinois Belgravia Group begins pre-sales for Triangle Square condominiums in Chicago Chicago-based Belgravia Group, Ltd. has announced it will begin pre-construction sales on Feb. 16 for its 66 condominiums at Triangle Square, a mixed-used development in Chicago’s East Bucktown neighborhood that is part of the North Branch Corridor. A sales gallery for the project will be located at 2131 N. Damen Avenue, a quarter-mile from…