Midwest

CHICAGO — A joint venture between McCaffery Interests and Canyon Johnson Urban Funds (CJUF) has secured financing for the Roosevelt Collection, a mixed-use development in Chicago. The property is located at 150 W. Roosevelt in Chicago's West Loop. Completed in 2009, the building includes 400,000 square feet of retail space, 342 apartment units and a 1,500-space parking garage. The apartment units are 95.6 percent leased and Kerasotes Show Place ICON Theater is currently leasing the retail space. Negotiations are under way with several other retail and restaurant operators to complete retail leasing for the project. Mike Kavanau and Steve Skok led the HFF team that arranged the senior loan through Prime Finance. The loan will fund the repositioning of the retail component of the Roosevelt Collection. The CJUF and McCaffery team is working to construct a new public plaza that will include water features and children's play areas. The improvements are scheduled for completion by the end of the summer.

LIVONIA, MICH. — Infineon Technologies, a semiconductor supplier for the automotive industry, has broken ground on a 46,000-square-foot facility in Livonia. Northern Equities of Farmington Hills is constructing the facility on a four-acre site at 19401 Victor Pkwy. The building will include an expanded testing lab, additional engineering facilities and added office space, compared to the company's current offices at 19111 Victor Pkwy. The space will allow Infineon to grow its staff by 50 percent from its current size of 90 employees in Livonia. Infineon plans to occupy the new facility in the winter of 2013.