Midwest

Local developers Dirk Erickson and John and Marcia Bouquet have secured $31.22 million of financing for the construction of BRYK on Broadway, a 180-unit affordable-housing property in Rochester, Minn. NorthMarq arranged the loan, which was provided by a credit union....

REJournals A venture of PCCP LLC and Capital Partners has acquired Diamond Lake Road Distribution Center, a 386,724-square-foot industrial property in Rogers, Minn. The sales price was not disclosed. PCCP, of Los Angeles, and Capital Partners, of Edina, Minn., purchased...

Crain's Chicago Business An entity of Inland Real Estate Group of Cos. has paid $122.5 million, or $306,250/unit, for Dwell at Naperville, a 400-unit apartment property in Naperville, Ill. The Oak Brook, Ill., investment manager purchased the property from Redwood Capital...

Minneapolis/St. Paul Business Journal DRA Advisors has paid $43.8 million, or $164,661/unit, for Equinox, a 266-unit apartment property in St. Anthony, Minn. The New York investment manager bought the property from Laramar Group of Denver, which had paid $31.2 million...

Crain's Chicago Business Kinship Capital is offering for sale the 483,497-square-foot office building at 225 West Washington St. in Chicago. Cushman & Wakefield has the listing. Kinship, the investment arm of the Searle family, had brought the property to market in...

Kansas City Business Journal Opus Group has broken ground on the first building at the Liberty Heartland Logistics Center in Liberty, Mo. The 1.66 million-square-foot property is being built on behalf of Hallmark Cards Inc. It is expected to cost...

Minneapolis/St. Paul Business Journal Bigos Management has proposed building a 233-unit apartment property in Minneapolis. The three-acre development site, at the northwest corner of Interstate 394 and Highway 169, about eight miles west of the city's downtown, was home to...

Milwaukee Business Journal Real Capital Solutions has paid $70.4 million, or $251.43/sf, for the 280,000-square-foot office property at 100 Manpower Place in Milwaukee. The Louisville, Colo., company purchased the property from an affiliate of BentallGreenOak, which had paid $66.5 million...

Crain's Chicago Business FullG Capital has paid about $55 million, or $308,988/room, for the 178-room Talbot Hotel in Chicago. The Toronto real estate firm purchased the property from an investor group comprised of Sterling Bay Co., Conlon & Co., Geolo Capital, actor...

LBX Investments has paid $67.25 million, or $263.47/sf, for Evergreen Plaza, a 255,249-square-foot retail center in Evergreen Park, Ill., about 15 miles south of downtown Chicago. The Studio City, Calif., investment firm purchased the property from a venture of Lormax...