Crain’s Chicago Business ICM Properties has paid $31 million, or $430,556/unit, for the 72-unit Medallion apartment property in Chicago’s Lakeview neighborhood The Chicago company acquired the property, at 3121 North Broadway, from JSM...
Crain’s Chicago Business Novak Development has sold Webster Place, a 136,000-square-foot retail center in Chicago’s Lincoln Park neighborhood, for $678 million, or $49853/sf The local developer, which bought the property in 2021 for $293...
Chicago Business Journal Prime Finance has completed its purchase of 225 West Wacker Drive, a 650,812-square-foot office property in Chicago, for $115 million, or $17670/sf The San Francisco company teamed with Hines of Houston on its acquisition...
Chicago Business Journal Magna-Tiles is planning to build a 245,000-square-foot industrial property within the Carlow Corporate Center in Bolingbrook, Ill, The manufacturer of magnetic building sets is constructing the property on an 1169-acre site...
Milwaukee Business Journal An affiliate of Sabra Health Care REIT has paid $50 million, or $367,647/unit, for the Waters of Oak Creek, a 136-unit seniors-housing property in the Milwaukee suburb of Oak Creek, Wis The Tustin, Calif, REIT acquired the...
Minneapolis/St Paul Business Journal JPMorgan Chase has paid $7615 million, or $9413/sf, for two industrial properties totaling about 809,000 square feet in Owatonna and Ramsey, Minn The banking giant acquired the properties in a sale-leaseback from...
Minneapolis/St Paul Business Journal Centaur Capital Partners has paid $32 million, or $18391/sf, for Cobalt Business Center, a 174,000-square-foot industrial property in Mendota Heights, Minn The Lake Forest, Ill, investor acquired the property, at...
New York Business Journal Northwind Group has provided $231 million of construction financing for the conversion of 675 Third Ave, a 337,000-square-foot office building in Manhattan, into as many as 450 apartments A venture of Metro Loft Management...
CRG has broken ground on two buildings totaling 911,040 square feet at the Cubes at Etna industrial park in Etna, Ohio The Chicago developer is building the properties on 305 acres at 10202 Hazelton Etna Road, about 20 miles southeast of downtown...
Several of the largest publicly traded office REITs are moving back into the ground-up development game, after years of focusing on leasing and balance-sheet...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
