Regions Midwest
Automotive Company to Expand Livonia HQ by 94,000SF
May 13, 2008

TRW Automotive has announced plans to expand its North American headquarters in Livonia, Mich., at a cost of $14.2 million. The company will develop a new 94,000-square-foot facility at its four-building complex on Tech Center Dr., with plans to wrap up construction by January of next year. TRW is expanding operations elsewhere, as well, having announced last month its intention to invest over $27 million in a new 300,000-square-foot facility at its manufacturing plant in Lafayette, Ind.

 
Recent Midwest Headlines
metra market MetraMarket Bags $25M Construction Loan
Aug. 29, 2008
Despite a difficult environment for accessing debt for commercial real estate projects, about $25 million in construction financing has been secured for MetraMarket, a retail development in Chicago's West Loop.
Detroit Casino Completes 25,000-SF Expansion
Aug. 29, 2008
Greektown Casino in Detroit has taken another step in its $500 million permanent development endeavor with the completion of a 25,000-square-foot addition to its gaming space.
Equity Residential Gets $550M Loan
Aug. 28, 2008
Chicago-based Equity Residential Inc. has closed on $550 million in financing, putting up 15 of its multi-family properties as collateral. Originated by Wells Fargo for repurchase by Fannie Mae, the secured interest only loan has an all-in effective interest rate of about 6 percent and matures in 11.5 years, the first 10.5 of which will carry a fixed rate, with the final year carrying a floating rate.
Healthcare REIT Snaps Up Wellness Centers in $100M Sale-Leaseback Deal
Aug. 28, 2008
Four wellness centers operated by Life Time Fitness Inc. have come under the ownership of Senior Housing Properties Trust, courtesy of a $100 million deal. Life Time Fitness will continue to occupy the properties under a triple-net lease agreement through its subsidiary, LTF Real Estate Co.
Fund Invests $44M in Texas, Ohio Student Housing
Aug. 27, 2008
The Place/BV Student Housing Fund L.L.C. continues to make investments in student housing facilities across the United States, with two more announced today. The properties will be developed in Texas and Ohio for $44 million with completion set for next summer.