Regions Midwest
GM to Buy Properties in Detroit, Michigan, Issues Mortgage-Backed Line to Subsidiary
May 09, 2008
An 10-Q filing has confirmed GM's buy of three properties, including its Detroit, Michigan-based corporate headquarters, for a total of $826 million.
Procter & Gamble Leases 1.2MSF Suburban St. Louis Industrial Building
May 09, 2008
In an effort to fulfill its need for a large block of industrial space in the St. Louis area, Procter & Gamble has signed a lease that will expand an existing 580,000-square-foot distribution center into a 1.2 million -square-foot facility.
$1M Sale of 19th Century Retail Building to Yield New Apartment Complex
May 08, 2008
Detroit's Downtown Development Authority has just signed off on the $1 million sale of the historic Pepper Shoe Building on Woodward St. for a residential redevelopment endeavor, according to Crain's Detroit Business.
$375M in Funding to Kick Off Michigan Casino Project
May 07, 2008
The last piece of the financial puzzle for constructing the FireKeepers Casino in Battle Creek, Mich., has been put in place with the FireKeepers Development Authority's closing on $375 million in financing.
550 west washington $72M Financing Closes for Windy City Office
May 07, 2008
A financing package valued at $72.1 million has been put in place for the 371,400-square-foot office building at 550 West Washington in Chicago.
AMB  Leases 126,000 SF in Chicago Development
May 07, 2008
AMB Property Corp. has announced it has leased approximately 126,000 square feet in a Chicago development to Ashley Furniture, an industry leading manufacturer of quality furniture products.
NorthMarq Mortgage for River West Lofts in Chicago
May 07, 2008
Sue Blumberg, senior vice president and managing director of NorthMarq Capital Inc.’s Chicago Regional office, arranged third mortgage financing of $3.9 million for River West Lofts, a 158-unit multi-family property, located in Chicago, Ill.
Transwestern. Transwestern to Market 1.2M SF of Suburban Chicago Office for Prime Group
May 06, 2008
The Chicago office of Transwestern has received the assignment to market and lease 1.2 million square feet of Class A office space in Chicago’s western and northwestern suburbs from owner Prime Group Realty Trust.
Chicago-Based Equibase Capital Makes Bridge Loan to Abbott Boston Development
May 06, 2008
Equibase Capital Group L.L.C., a provider of mezzanine capital to the real estate industry based in Chicago, has announced it has made a bridge loan to Abbott Real Estate Development, a residential development firm located in Boston.
Schostak Bros., BVT Form JV
May 06, 2008
Schostak Brothers & Co., a Livonia, Mich.-based commercial real estate development and investment firm, has announced the formation of a joint venture with German real estate investment firm, BVT Equity Holdings.
Transwestern Awarded Leasing, Marketing of Chicago-Area Offices
May 05, 2008
Transwestern's Chicago office has been awarded the leasing and marketing of Olympian Office Center in Lisle, Ill., Continental Towers I, II and III in Rolling Meadows, Ill., and 800 & 810 Jorie Boulevard in Oak Brook, Ill.
Master Planner Picked for Denver-Area Retail Project
May 05, 2008
Plans for the Dacono Gateway Centre between Denver and Boulder, Colo., have come closer to fruition with the selection of a firm to design the project's master plan. Denver-based Norris Design got the nod recently from the developer, Orlando-based Jupiter USA. The project will encompass more than 500,000 square feet of retail, hotel, restaurant and office space on 132 acres, according to Jupiter USA.
Chicago CBD Office Market Sees Impact of Uncertain Times
May 02, 2008
The office market in Downtown Chicago experienced an uptick in vacancies, and a chunk of negative absorption in the first quarter of 2008, according to a report released this week by locally based MB Real Estate (the report also covered suburban Chicago). 
UGL Taps Evenson as SVP, Managing Director
May 02, 2008
Mark Evenson has joined UGL Equis as senior vice president and managing director of the company’s Minneapolis office.
Hamilton Town Center Opens in Noblesville, Indiana
May 02, 2008
Simon Property Group Inc. and Gershman Brown Crowley Inc., have announced the opening of Hamilton Town Center, a 950,000 square foot open-air retail center in Noblesville, Ind.
Glimcher Sells Knox Village Square in Ohio
May 02, 2008
Glimcher Realty Trust has reported the closing of the sale of Knox Village Square in Mount Vernon, Ohio WP Realty Inc.
Marcus & Millichap Capital Arranges $30M Loan for Denver Apartment Complex
May 01, 2008
A $30.6 million non-recourse loan arranged by Marcus & Millichap Capital Corp. helped Security Properties Inc. of Seattle re-enter the Denver market with the $37 million purchase of The Aventine, a 336-unit apartment complex.
Friedman Real Estate Negotiates Office Lease in Troy, Michigan
May 01, 2008
Friedman Real Estate Group Inc. negotiated the lease of 5,299 square feet of office space located at 525 E. Big Beaver Road in Troy, Mich.
Inland Real Estate Sells Crown Centre in Frankfort
April 30, 2008
Inland Real Estate Sales Inc. announced the sale of Crown Centre, a 48,000-square-foot mixed-use property in Frankfort, Ill.
Detroit Science Center to Get 80,000SF Addition
April 30, 2008
The Detroit Science Center has broken ground on an 80,000-square-foot addition to the museum.
Sperry Van Ness Chicago Completes Merger with Fisher, Sears and Associates
April 30, 2008
Sperry Van Ness Chicago announced the firm's merger with Fisher/Sears and Associates Inc., which will serve as the exclusive multi-family sales division for the company.
Brookwood Buys Tamarac Plaza Portfolio for $41M
April 30, 2008
Brookwood Financial Partners L.P. sold three office buildings totaling 355,269 square feet in Denver's Tamarac Square to Parmenter Realty Partners for $41 million.
Detroit to Get $371M Rail System
April 30, 2008
The city of Detroit announced plans to construct a two-rail rapid-transit system along Woodward Avenue from downtown to 8 Mile.
Beaumont Hospitals to Add 346,000SF to Royal Oak Campus in Detroit
April 29, 2008
Beaumont Hospitals is planning a $204 million 346,000-square-foot expansion at its Royal Oak campus in Detroit that will include an expanded emergency room with more than 170 private patient rooms replacing curtained cubicles, Detroit News reported.
St. Louis Office Market Relatively Buoyant
April 29, 2008
Vacancy rates in the metro St. Louis office market have actually decreased in the first quarter of 2008, according to a new report by CB Richard Ellis Inc., despite more difficult times in the nationwide commercial real estate market.
 
Chicago
Wal-Mart's Chicago Plans Dashed
May 08, 2008 - Source: Chicago Tribune
Failing to make the Windy City its jumping-off point for urban expansion, the retailer is instead looking just outside Chicago's city limits.
550 west washington $72M Financing Closes for Windy City Office
May 07, 2008
A financing package valued at $72.1 million has been put in place for the 371,400-square-foot office building at 550 West Washington in Chicago.
AMB  Leases 126,000 SF in Chicago Development
May 07, 2008
AMB Property Corp. has announced it has leased approximately 126,000 square feet in a Chicago development to Ashley Furniture, an industry leading manufacturer of quality furniture products.
MORE MIDWEST CHICAGO HEADLINES
 
Detroit
GM to Buy Properties in Detroit, Michigan, Issues Mortgage-Backed Line to Subsidiary
May 09, 2008
An 10-Q filing has confirmed GM's buy of three properties, including its Detroit, Michigan-based corporate headquarters, for a total of $826 million.
Michigan Restaurant Chain Changes Hands
May 09, 2008 - Source: Crain's Detroit Business
The Ferndale-based bd's Mongolian Grill has been sold to New York private equity firm Kinderhook Industries.
$1M Sale of 19th Century Retail Building to Yield New Apartment Complex
May 08, 2008
Detroit's Downtown Development Authority has just signed off on the $1 million sale of the historic Pepper Shoe Building on Woodward St. for a residential redevelopment endeavor, according to Crain's Detroit Business.
MORE MIDWEST DETROIT HEADLINES
 

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