Office Midwest

Bixby Bridge and Franklin Partners acquire MetroWest in Naperville

Bixby Bridge Capital and Franklin Partners have partnered to acquire 55 Shuman Blvd., a 205,000-square-foot, high-profile office building in Naperville, Ill. Known as MetroWest, the property was designed by Helmut Jahn with a distinctive N-shaped sloping façade and is one of the most recognizable buildings in Chicago’s western suburbs. Terms of the all-cash transaction were not disclosed. The owner of record will be BBC MetroWest LLC.

Office i Ohio

Duke Realty enjoys busy times in Cincinnati market

In another sign that the commercial real estate market is in the early -- very early -- stages of a recovery, Duke Realty Corporation recently released a solidly positive report from its Cincinnati office showing that the company's activity in that Midwest city was on the rise.

Office Midwest

AT&T renews for 106,382 s.f. in Schaumburg

Steven W. Kling, principal; and Jason M. Simon, senior associate, both with the Office Advisory Group of Colliers International | Chicago, represented PNC Realty Investors in a 106,382-square-foot long-term lease renewal at Four Woodfield Lake, 930 National Parkway, Schaumburg, Ill.

Office Midwest

Chicago CBD posts impressive second quarter numbers

The downtown office market continues to recover at an impressive rate, with the first half of 2011 reporting the strongest numbers since 2007. Unfortunately, the dynamics working in its favor seem to be working against the suburban market as its office supply continues to struggle, according to Transwestern’s second quarter outlook.