Midwest

Commercial Property Executive Scannell Properties is planning to build Compass 70 Logistics, a 2 million-square-foot industrial property in Bonner Springs, Kan. The Indianapolis company has proposed developing the three-building property on a 157-acre site at the intersection of Interstate 70...

Minneapolis/St. Paul Business Journal An affiliate of BPM & Co. has paid $26.8 million, or $128,230/room, for the 209-room Courtyard by Marriott Edina Bloomington hotel in suburban Minneapolis. The Ridgefield, Conn., investment company purchased the property from a venture of...

Crain's Chicago Business Onni Group has proposed building a large mixed-use project on Chicago's Goose Island. The Vancouver, British Columbia, developer paid $38 million for the project's eight-acre development site, along the 900 block of North Halsted Street, in 2019....

Crain's Chicago Business Walmart has agreed to fully lease a 1.1 million-square-foot industrial building at 3501 South Brandon Road in Elwood, Ill., about 50 miles southwest of Chicago. The Bentonville, Ark., retailer is leasing the newly constructed property from its...

Crain's Chicago Business KBS Realty Advisors is offering for sale Edens Corporate Center, a 188,040-square-foot office property in Northbrook, Ill., about 22 miles northwest of Chicago. The Newport Beach, Calif., real estate company has hired JLL's Chicago office to market...

Minneapolis/St. Paul Business Journal Raith Capital Partners has paid $17.5 million, or $89.74/sf, for a 195,000-square-foot warehouse in Maple Grove, Minn., about 16 miles from Minneapolis. The New York investor acquired the property, on 11.68 acres at 8775 Zachary Lane,...

Crain's Chicago Business A joint venture of Fundamental Advisors and Sage Hospitality Group is offering for sale the 335-room Blackstone Hotel in Chicago. Hodges Ward Elliott has been tapped to market the property, which is encumbered by a $52 million...

REBusiness Online Axiom Properties has paid $12.7 million, or $103,252/unit, for Summit Hill, a 123-unit apartment property in Madison, Wis. The Lincolnshire, Ill., investor purchased the property from Trevian Capital and Crown Properties, both of New York. Berkadia brokered the...

Chicago Tribune A venture of Lincoln Property Co. and Calamos Real Estate is planning to build the Lincoln at CityGate, a 285-unit apartment property in the Chicago suburb of Naperville, Ill. The four-story complex, at 2135 City Gate Lane, will...

Minneapolis/St. Paul Business Journal Blackstone Group has paid $247 million, or $98.80/sf, for a portfolio of 22 industrial buildings with more than 2.5 million square feet throughout the Minneapolis/St. Paul, Minn., area. The New York investment manager purchased the portfolio...