Midwest
Work Starts on Second Phase of 849,097-SF Industrial Property in Maple Grove, Minn.
REBusiness Online A venture of PCCP LLC and Endeavor Development has broken ground on the second and final phase of the Arbor Lakes Business Park, an 849,097-square-foot industrial property in Maple Grove, Minn. PCCP, of Los Angeles, and Endeavor, of...
Starwood to Take Chicago Retail Property Through Foreclosure
The Real Deal Starwood Property Trust is expected to take the Shops at the LondonHouse, a 30,000-square-foot retail property along Chicago's Magnificent Mile, through foreclosure. The Miami mortgage REIT last quarter had placed a $42 million senior loan against the...
Groupon Terminating 300,000-SF Office Lease in Chicago
Crain's Chicago Business Groupon is terminating its 300,000-square-foot lease at 600 West Chicago Ave., a 1.6 million-sf office property in Chicago. The online marketplace paid $9.6 million to exit its lease next January. The deal originally was set to expire...
Work Starts on Final Phase of 408,195-SF Industrial Property in North Aurora, Ill.
A venture of Opus Group and Principal Asset Management has broken ground on the third and final building of Tollway Corporate Center, a 408,195-square-foot industrial property in North Aurora, Ill. Opus, of Minnetonka, Minn., and Principal, of Des Moines, Iowa,...
Financial Services Company Leases 99,700 SF of Office Space in West Des Moines, Iowa
REBusiness Online Co-op Solutions has agreed to lease 99,700 square feet of office space at the 150,996-sf Palisade Building in West Des Moines, Iowa. The financial services company is taking the space from the property's, R&R Realty Group. The two-story...
St. Regis Chicago Hotel Seen Selling for $134Mln
The Real Deal The buzz is that a venture of Gencom Group, GD Holdings and Magellan Development paid $134 million, or $697,916/room, for the 192-room St. Regis Chicago hotel. The deal, however, has not yet appeared in Cook County, Ill.,...
204-Unit Apartment Property Breaks Ground in Cleveland Heights, Ohio
REBusiness Online A partnership of Flaherty & Collins Properties and the City of Cleveland Heights, Ohio, has broken ground on the 204-unit Marquee at Cedar Lee apartment property. It will cost $60 million to develop and is being constructed at...
Molson Coors Leases 83,848 SF of Office Space at Chicago’s BMO Tower
REJournals.com Molson Coors Beverage Co. has agreed to lease 83,848 square feet of office space at BMO Tower, a 1.48 million-sf office property in Chicago. The brewing company, which was represented by Cushman & Wakefield, will take its space when...
Milwaukee Retail Center Sells for $22.1Mln
Milwaukee Business Journal Laureate Capital LLC has paid $22.1 million, or $91.51/sf, for Midtown Center, a 241,508-square-foot retail property in Milwaukee. The Atlanta company purchased the shopping center from an affiliate of DLC Management Corp. Midtown Center is at 4100-4190...
Work to Start Soon on 166-Unit Apartment Property in Indianapolis
REBusiness Online TWG Development will break ground soon on the 1827 Lofts, a 166-unit apartment property in Indianapolis. The local developer will build the property at 1827 North Meridian St., about two miles north of the city's downtown. It will...
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