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Archive for the Category ‘Midwest’

Kentucky’s Springhurst Towne Center Sells for $78M

Kentucky’s Springhurst Towne Center Sells for $78M

In a sale arranged by real estate investment banking firm Savills, one of the firm’s institutional-investor clients picked up the Springhurst Towne Center, an 830,000-square-foot retail complex in Louisville, for $78 million.

Data Center Operator Picks KC for New $32M Facility

Data Center Operator Picks KC for New $32M Facility

CoSentry, an Omaha-based provider of data center, cloud computing, co-location and managed-Internet services, has purchased a 57,500-square-foot former light industrial building in Lenexa, Kan., for use as a data center.

Carlson Hotels, Rezidor Align to Create Carlson Rezidor Hotel Group

Carlson Hotels, Rezidor Align to Create Carlson Rezidor Hotel Group

Carlson Hotels and The Rezidor Hotel Group have come together to form the Carlson Rezidor Hotel Group, a separate hotel entity created to be a global force in the hotel industry.

Chicago’s 55 W. Monroe Sold to Hearn for $136M

Chicago’s 55 W. Monroe Sold to Hearn for $136M

In what Jones Lang LaSalle is calling “one of the Chicago market’s largest year-end transactions,” The Hearn Co. purchased 55 W. Monroe from LaSalle Investment Management for $136 million.

MetLife Spends $125M on Chicago Luxury Multi-Family Tower

MetLife Spends $125M on Chicago Luxury Multi-Family Tower

Amid a flurry of multi-family trades in Chicago, MetLife has bought EnV, a luxury high-rise tower, from LYND Development Partners for an estimated $125 million.

Hines Takes 255 KSF Minnesota Office Building for $70M

Hines Takes 255 KSF Minnesota Office Building for $70M

Hines Global REIT has picked up a premier 254,900-square-foot office property in Minneapolis with a $69.5 million sale-leaseback transaction with Cargill Inc.

CRA Purchases Louisville Multi-Family Portfolio for $97M

CRA Purchases Louisville Multi-Family Portfolio for $97M

Continental Realty Advisors is keen on Kentucky, as evidenced by its recent purchase of a 1,200-residence apartment portfolio in Louisville. The multi-family housing owner and institutional fund manager acquired the group of four assets from Camden Property Trust for $97 million.

Skanska Acquires Indiana Construction Firm for $135M

Skanska Acquires Indiana Construction Firm for $135M

Taking a big step in enhancing its civil business unit, Skanska USA has acquired the Evansville, Ind.-headquartered builder Industrial Contractors Inc. for $135 million.

Chicago’s 896 KSF 321 N. Clark Office Tower Certified LEED Gold

Chicago’s 896 KSF 321 N. Clark Office Tower Certified LEED Gold

Hines has just achieved LEED Gold for Existing Buildings certification for its 896,500-square-foot office building at 321 North Clark at Riverfront Plaza in Chicago.

Developers Find Financing for Projects

Developers Find Financing for Projects

Developers are finding ready financing for their projects, including $66 million for a D.C. multi-family, $50 million for Las Vegas retail and $70 million for a Michigan apartment complex.

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