Saturday, February 7, 2026
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CivicDevelopmentMichiganMidwest

Michigan State University Plans New Arena, Approves Construction of $200M Plant Sciences Building

by Kristin Harlow

EAST LANSING, MICH. — The Michigan State University Board of Trustees has authorized the administration to begin a planning study to construct a new venue at the corner of Harrison and Trowbridge roads in East Lansing. The project involves the construction of a new hotel and retail space along with an athletics arena on 14 acres of vacant land on the west side of campus. The arena will support volleyball, wrestling and gymnastics, and will feature locker rooms, coaching office space and university classrooms. The hotel and retail space would be part of a public-private partnership between the university and the chosen developer. The authorization by the board enables the university to initiate the forma bidding process for potential developers before moving into the Request for Proposal period in the coming weeks. Additionally, the board voted to authorize construction of a new $200 million Plant and Environmental Sciences Building. The 200,000-square-foot facility, located at the corner of Farm Lane and Wilson Road, will provide critical laboratory space for approximately 40 principal investigators and their teams researching food security and climate adaptation. Construction is scheduled to begin this fall, with completion slated for December 2026.

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AcquisitionsIndustrialMidwestOhio

Easterly Government Properties Acquires 99,246 SF Facility Near Wright-Patterson Air Force Base in Ohio

by Kristin Harlow

BEAVERCREEK, OHIO — Easterly Government Properties Inc. (NYSE: DEA) has acquired a 99,246-square-foot facility fully leased to Northrop Grumman Systems Corp. in Beavercreek, a suburb of Dayton. The purchase price was undisclosed. Northrop Grumman, a multinational aerospace and defense company, has occupied the build-to-suit facility since 2012. The property sits adjacent to Gate 22B at the Wright-Patterson Air Force Base, the main access point for the Air Force Research Laboratory’s headquarters and the Air Force Institute of Technology. With this acquisition, Easterly owns 95 properties totaling 9.3 million square feet. The Washington, D.C.-based firm focuses on the acquisition, development and management of Class A commercial properties that are leased to the U.S. Government.

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DevelopmentIllinoisMidwestRetail

Save A Lot, Yellow Banana to Reopen Six Remodeled Grocery Stores in Chicago

by Kristin Harlow

CHICAGO — Save A Lot, a discount grocery chain, and Yellow Banana, a retail grocery platform that owns and operates Save A Lot locations, are reopening six remodeled stores in different neighborhoods across Chicago. The stores have undergone extensive interior and exterior renovations. The property at 420 S. Pulaski Road opened Sept. 5, while the stores at 10700 S. Halsted St., 2858 E. 83rd St., 7240 S. Stony Island Ave., 7908 S. Halsted St. and 4439 W. 63rd St. will reopen later this fall. Renovations include new flooring, lighting, equipment, HVAC systems, dairy and meat cases, paint, décor, fixtures and signage. The project is a collaboration between Yellow Banana, the City of Chicago, city representatives and community organizations. The city committed more than $13 million to support the capital improvement needs of the six stores. According to a release, the temporarily closed stores faced several challenges, including delays in construction, equipment setbacks due to supply chain disruptions and utility connection issues following vandalization incidents that left two stores without power for nearly three months. Founded in 1977, Save A Lot is the largest independently owned and operated discount grocery store chain in the U.S. with roughly 750 stores in 32 …

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Leasing ActivityMidwestRetailWisconsin

Burlington Leases 22,000 SF at Memorial Mall in Sheboygan, Wisconsin

by Kristin Harlow

SHEBOYGAN, WIS. — Burlington Stores Inc. has signed a 22,000-square-foot retail lease at Memorial Mall in Sheboygan, about 55 miles north of Milwaukee. The property is located at 3347 Kohler Memorial Drive. Mike Fitzgerald and Dan Rosenfeld of Mid-America Real Estate represented the landlord, Meijer Stores LP.

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AcquisitionsIllinoisMidwestRetail

AXIS 360 Brokers Sale of Car Wash Property in Bloomington, Illinois

by Kristin Harlow

BLOOMINGTON, ILL. — AXIS 360 Commercial Real Estate Specialists has brokered the sale of a car wash property located at 1701 Morrissey Drive in the Chicago suburb of Bloomington. The sales price was undisclosed. Meghan O’Neal-Rogozinski of AXIS 360 represented the buyer, 150 Partners LLC, which plans to continue operating the car wash while implementing significant upgrades in the coming months. Matthews Real Estate Investment Services represented the seller, Parkway Car Wash LLC.

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Big-Lots-Inglewood-California
Company NewsMidwestOhioRetailTop Stories

Big Lots Files for Chapter 11 Bankruptcy, Enters into Sale Agreement with Nexus Capital

by Taylor Williams

COLUMBUS, OHIO — Big Lots (NYSE: BIG) has filed for voluntary Chapter 11 bankruptcy protection and has entered into a sale agreement with Los Angeles-based private equity firm Nexus Capital Management, a deal that would take the Ohio-based discount retailer private. Under the terms of the agreement, Nexus will serve as the “stalking horse bidder” (the approved investor that sets the low-end bar for a bankrupt company) in a court-supervised auction to acquire “substantially all” of Big Lots’ physical assets and ongoing business operations. Big Lots expects to keep the majority of its stores and online platform open and operational during the reorganization process as well as to be able to pay its employees and “certain critical vendors in the ordinary course of business.” The sale is expected to close during the fourth quarter, assuming Nexus is the winning bidder. In connection with this court-supervised process, Big Lots has secured commitments for $707.5 million in debtor-in-possession (DIP) financing, including $35 million in new financing from certain current lenders. Coupled with cash from ongoing operations, the financing is expected to provide sufficient liquidity for the sale process. The announcement comes after multiple reports of an imminent bankruptcy filing for Big Lots, …

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HealthcareMichiganMidwest

Henry Ford Health, Ascension Michigan Move Forward with Proposed Joint Venture

by Kristin Harlow

DETROIT — Detroit-based Henry Ford Health and Ascension Michigan have unveiled plans to close their proposed joint venture on Sept. 30 and launch their newly combined organization on Oct. 1. The joint venture will bring Ascension’s southeast Michigan and Genesys healthcare facilities under the Henry Ford brand. The properties include eight hospitals and an addiction treatment center, according to Crain’s Detroit Business. Carol Schmidt, senior vice president of Ascension and CEO of Ascension Michigan, will support the first phase of transition and integration, partnering with Henry Ford Health President and CEO Bob Riney. The combined organization would employ approximately 50,000 team members at more than 550 sites across Michigan. Crain’s reports that Ascension is left with four hospitals in the state, all in the southwest area.  

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DevelopmentLeasing ActivityMichiganMidwestRestaurantRetail

Chick-fil-A to Open 25 to 30 New Restaurants in Michigan by End of 2028

by Kristin Harlow

MICHIGAN — Chick-fil-A has unveiled plans to open approximately 25 to 30 new locally owned and operated restaurants across Michigan by the end of 2028. The new restaurants will create over 2,500 jobs across the state. Chick-fil-A first opened in Michigan in 2015, and currently operates 28 locations in the state. In metro Detroit, Chick-fil-A plans to open in Chesterfield Township, Roseville, Taylor and Fort Gratiot this fall or winter. Additional growth includes a licensed location in the First National Building, and locally owned and operated restaurants in Detroit, Auburn Hills, Lincoln Park, Orion Township, Clinton Township, Canton and Ann Arbor. Two restaurants are slated to open in 2025 in Lansing/Jackson, as well as one restaurant in Saginaw and another in Benton Harbor. Chick-fil-A is the third largest quick-service restaurant company in the United States with more than 3,000 restaurants across the U.S., Canada and Puerto Rico.

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AcquisitionsBuild-to-RentMidwestNebraskaSingle-Family Rental

CBRE Arranges Sale of 85-Unit Build-to-Rent Community in Suburban Omaha

by Kristin Harlow

ELKHORN, NEB. — CBRE has arranged the sale of The Trails, an 85-unit build-to-rent community in the Omaha suburb of Elkhorn. The sales price was undisclosed. Located at 19111 Grand Ave. and completed this year, the property features a range of four- and five-bedroom floor plans averaging 1,814 square feet. Ted Abramson, Mark Seger and Jeremy Fink of CBRE represented the undisclosed seller. Curtis Capital Group was the buyer.

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DevelopmentIndianaIndustrialMidwest

Meridian Design Build Completes 300,000 SF Cold Storage Build-to-Suit in Anderson, Indiana

by Kristin Harlow

ANDERSON, IND. — Meridian Design Build has completed construction of a 300,000-square-foot climate-controlled seed storage and distribution facility for Corteva Agriscience in Anderson, about 40 miles northeast of Indianapolis. Scannell Properties was the developer. Located at 4210 W. 67th St., the property is Corteva’s largest warehouse and distribution center in North America, according to Meridian. Constructed on 30 acres, the facility features 100,000 square feet of refrigerated and humidity-controlled cold storage space along with an adjacent dry storage area accessible via high-speed rollup doors. The building features 25 loading docks, two drive-in doors, a storm shelter and 4,000 square feet of office space. Curran Architecture was the architect, and American Structurepoint Inc. handled the civil engineering design.

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