Midwest

Multi-Housing News The University of Minnesota has sold to an undisclosed buyer the 122-unit Stadium Village Apartments in Minneapolis for $25 million, or $204,918/unit. JLL brokered the deal for the college. Developed in 1960, the property has studio, one- and...

Columbus Business First Parallel Co. has proposed developing a 110-unit student-housing property near the campus of Ohio State University in Columbus, Ohio. The Austin, Texas, developer is planning the property for a site from 88 to 100 East 9th Ave....

Commercial Property Executive Plymouth Industrial REIT Inc. has bought a pair of industrial properties with a combined 566,408 square feet in St. Louis for $30.7 million. The Boston REIT purchased the fully leased properties from Real Capital Solutions of Louisville,...

Crain’s Chicago Business New York investor Mendy Raskin has $17.9 million, or $88,112/unit, for six apartment buildings with a total of 204 units in the Kenwood neighborhood of Chicago. The portfolio was purchased from the Wolcott Group, which had acquired...

Commercial Property Executive SHVO has partnered with Deutsche Finance America to buy the 1.2 million square-foot Big Red skyscraper at 333 South Wabash Ave. for $376 million, or $313.33/sf. The venture purchased the office building from a partnership between Morgan...

REBusiness Online TLC Management has bought the 150-unit Ravenswood Terrace Apartments in Chicago for $46 million, or $306,667/unit. The Marion, Ind., real estate investment company purchased the property, at 1801 West Argyle St., from the Carlyle Group, which had acquired...

Minneapolis/St. Paul Business Journal An affiliate of Vinayaka Hospitality has paid $26 million, or $45,775/room, for the 568-room DoubleTree by Hilton Bloomington Minneapolis hotel. The Schaumburg, Ill., investment company, which also owns office properties, bought the hotel from Platinum Equity...

REBusiness Online Prologis Inc. has bought the 1.3 million-square-foot Interchange 55 Logistics Park in the Chicago suburb of Romeoville, Ill., for $98 million, or $75.38/sf. The San Francisco REIT purchased the two-building complex, at 901-1001 Bluff Road, from Macquarie Real...

Urban Outfitters is planning to develop an 880,000-square-foot distribution center near downtown Kansas City, Kan. The facility will be constructed on land owned by the Kansas Speedway, next to the racetrack at 400 Speedway Blvd. Development will begin in the...

Crain's Chicago Business An affiliate of Eaton Vance Real Estate Investment Group has bought the 72,500-square-foot Whole Foods Market at 3201 North Ashland Ave. in Chicago's Lakeview neighborhood for $70.9 million, or $977.93/sf. The Boston investment firm purchased the retail...