Midwest

REBusiness Online KeyBank Real Estate Capital and KeyBanc Capital Markets have assembled $41 million of capital for the Carnegie Tower at Fairfax, a 171-unit seniors-housing property in Cleveland. The building receives Section 8 subsidies. KeyBank supplied $14 million of financing...

Crain's Chicago Business A venture of Brennan Investment Group and Investcorp has paid $74.3 million, or $77.76/sf, for the 955,460-square-foot Regent O'Hare Business Center industrial complex in Chicago. The venture bought the eight-building property, near O'Hare International Airport, from a...

The Columbus Dispatch Group RMC Corp. has purchased the 495,000-square-foot office building at 65 East State St. in Columbus, Ohio, for $36.8 million or $74.34/sf. The New York company now owns more than a dozen office buildings in central Ohio....

Crain's Chicago Business CRG, Clayco Inc.'s multifamily development arm, is planning to build up to $1 billion of apartment properties catering to middle-class tenants over the next three years. The St. Louis company is looking to raise up to $450...

Crain's Chicago Business Apartment Investment and Management Co. is offering for sale the 190-unit Evanston Place apartment property in the Chicago suburb of Evanston, Ill. The Denver REIT, commonly referred to as Aimco, has owned the property, at 1715 Chicago...

Crain’s Chicago Business Joe Mansueto, the founder of research company Morningstar Inc., is planning to buy the 215-room Waldorf Astoria Chicago for $54 million, or $251,163/room. Mansueto is buying the property from a venture of Wanxiang America Real Estate Group...

Multi-Housing News Timberland Partners has bought the 205-unit Preserve on Maine apartment property in Rochester, Minn., for $38.5 million, or $187,805/unit. The Minneapolis real estate investment company purchased the two-building complex, on four acres at 4010 Maine Ave. SE, from...

REBusiness Online A&C Ventures Inc. has bought the 276-unit Watermark at Tiffany Springs Apartments in Kansas City, Mo., for $60 million, or $217,391/unit. The Sonoma, Calif., private investment company purchased the property from Thompson Thrift Development Inc., which had developed...

Chicago Tribune Normandy Real Estate Partners has bought the 575,000-square-foot office building at 110 North Carpenter St. in Chicago for $412 million, or $716.52/sf. The investment management unit of Columbia Property Trust purchased the nine-story building from Sterling Bay, which had developed...

REBusiness Online Dwelle Properties has bought from an undisclosed seller the 72-unit Madison Throop Place apartments in Chicago for $32.8 million, or $455,556/unit. The two-building property, at 1247-1249 West Madison St., was developed in 2016 and has a mix of...