Midwest

Crain's Chicago Business Vista Property Group has lined up $31 million of construction financing from Bank OZK for the development of a 15-story office building at 601-609 West Randolph St. in Chicago. The loan was arranged by JLL's capital markets...

Crain’s Chicago Business LXG has acquired the 145-unit Holiday Inn and Suites at 506 West Harrison St. in Chicago for an undisclosed price. The Chicago investor bought the property from a venture controlled by the estate of late Chicago investor...

Multi Housing News Randolph Street Realty Capital has paid $25 million, or $135,135/unit, for 185 previously unsold units at the 240-unit Ashton Condominiums in Arlington Heights, Ill. The Chicago investor bought the units from Lawton Realty Group, which was represented...

The Real Deal The St. Paul Fire and Marine Insurance Co. has paid $74.5 million, or $378.17/sf, for the 197,000-square-foot distribution center at 344 Duffy Ave. in Hicksville, N.Y. The affiliate of Travelers Cos. bought the Long Island, N.Y., property...

Minneapolis/St. Paul Business Journal Mortenson Development is planning a 233-unit apartment complex at 9920 Wayzata Blvd. in St. Louis Park, Minn. The Minneapolis developer received approvals for the development from the St. Louis Park Planning Commission last week. About 47...

St. Louis Business Journal Michelson Asset Management Inc. has paid $30.7 million, or $150,490/unit, for the 204-unit Bramblett Hills Apartments in O'Fallon, Mo., about 35 miles west of St. Louis. The St. Louis company bought the property, at 1000 Bramblett...

Crain’s Chicago Business Growth Capital Partners has paid $42 million, or $132.68/sf for the industrial building at 3507 West 51st St. in Chicago that totals 316,550 square feet. The Birmingham, Ala., investor, better known by its initials GCP, acquired the...

Crain's Chicago Business Rebel Hospitality is planning a 176-room hotel at 3440 Broadway in Chicago at a cost of $35 million. The Chicago developer acquired the seven-story property's development site two years ago and this week filed an application with...

Crain's Chicago Business The 269-unit Lakeview luxury apartment property in Chicago has come to market with an asking price of $125 million, or $464,684/unit. The property, at 3740 North Halsted St., was constructed in 2014 and is owned by a...

REBusiness Online Lifestyle Communities has secured a $17.8 million loan for its acquisition of a multifamily portfolio with 275 units in the Cleveland suburb of Shaker Heights, Ohio. Pembrook Capital Management provided the loan. The seller of the portfolio was...