Chicago Business Journal TradeLane Properties has paid $301 million, or $5154/sf, for the 584,000-square-foot industrial property at 2001 Baseline Road in Montgomery, Ill, about 47 miles west of Chicago The Oakbrook Terrace, Ill, industrial investor...
Crain’s Chicago Business McKinsey has agreed to sublease 72,000 square feet of office space at Chicago’s Salesforce Tower The consulting firm is subleasing the space from the 12 million-square-foot building’s namesake tenant,...
Crain’s Chicago Business A venture of Franklin Partners and Bixby Bridge Capital has paid $16 million for the $6816 million of CMBS debt against 200 West Monroe St in Chicago The purchase puts the venture in position to seize the...
Crain’s Chicago Business Banco Inbursa has provided $125 million of financing against the 192-room St Regis Chicago hotel The loan allows the property’s owner, a venture of Gencom Group and GD Holdings, to retire a $76 million mortgage...
Minneapolis/St Paul Business Journal Phillips Edison & Co Inc has paid $2765 million, or $24254/sf, for Prairieview Center, a 114,000-square-foot retail property in Eden Prairie, Minn The Cincinnati REIT acquired the shopping center from United...
Multi-Housing News Optima Inc has lined up $60 million of Freddie Mac financing against Optima Verdana, a 100-unit apartment property in Wilmette, Ill The Glencoe, Ill, company will use the fixed-rate loan to retire construction debt Walker &...
Crain’s Chicago Business MetLife Investment Management is planning a $170 million renovation of the 818,000-square-foot Water Tower Place shopping mall along Chicago’s Magnificent Mile MetLife took control of the property in 2022 after...
Columbus Business First Saxum Real Estate has paid $70 million, or $15045/sf, for the 465,256-square-foot industrial property at 5303 Fisher Road in Columbus, Ohio The Summit, NJ, developer acquired the property from a limited liability company that...
Crain’s Chicago Business Bank OZK has provided $102 million of financing for the construction of a 724-unit apartment property at 410 North Elizabeth St in Chicago The property is being developed by Weldon Development Group of New York The...
Crain’s Chicago Business Golub & Co has recapitalized Century Tower, a 293-unit apartment property in Chicago, in a deal that values the property at $647 million, or $220,819/unit The Chicago developer brought in EOS Residential Investors as a...
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