Brett Crosby

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    The proceeds of the $195 million mortgage on the 414-key resort and casino financed the buy-out of some of the property’s partners.

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    The three assets making up the portfolio are located in Arlington Heights and Bridgeview, Ill., and were sold by a Chicago-based institutional pension fund advisor.

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    The transaction reportedly will strengthen Prologis’ presence in core, high-growth U.S. warehouse/distribution markets and generate significant synergies and cost savings.

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  • Cress Capital Buys $25M Denver Office

    Union Tower is situated in a highly amenitized neighborhood. Before being sold, its previous owner, TA Realty, initiated a renovation plan, which the new owner will resume.

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