Saturday, February 7, 2026
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Midwest

Leasing ActivityMidwestMissouriOffice

FSL to Move Headquarters to 75,000 SF Office at Crown Center in Kansas City

by Kristin Harlow

KANSAS CITY, MO. — Fidelity Security Life Insurance Co. (FSL) has unveiled plans to move its headquarters to Crown Center in Kansas City. FSL and its affiliate, Forrest T. Jones & Co., will occupy three-and-a-half floors and about 75,000 square feet at the 14-story office building at 2600 Grand Blvd. The Kansas City-based specialty insurance company will relocate from its current office one mile away at 3130 Broadway Blvd., a six-story building that it has occupied since 1969. FSL expects to take occupancy of its new office by January 2026 upon completion of a new design and renovation of the space. Nearly 340 employees will occupy the office. FSL has expanded in recent years with the formation of Fidelity Security Life Insurance Co. of New York and Fidelity Security Assurance Co. (FSAC), a property and casualty insurer. FSAC is licensed in 33 states, eyeing nationwide licensure in the coming years. These developments have made it the right time to move offices, according to Brad Jones, FSL vice chairman. Crown Center is an 85-acre complex that serves as the international headquarters of Hallmark Cards and offers more than 1.2 million square feet of office space across four buildings. Crown Center is …

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AcquisitionsMidwestRetailWisconsin

Axiom Realty Acquires 110,266 SF Park Plaza Shopping Center in Manitowoc, Wisconsin

by Kristin Harlow

MANITOWOC, WIS. — Axiom Realty has acquired Park Plaza, a 110,266-square-foot shopping center in Manitowoc, an eastern Wisconsin city along Lake Michigan. The purchase price was undisclosed. The property was 71.6 percent occupied at the time of sale. Erin Patton of Institutional Property Advisors brokered the sale. Time Equities Inc. was the seller. Prior to closing, Axiom negotiated a long-term lease extension with Hobby Lobby and completed lease negotiations with a national outlet provider for 28,894 square feet, bringing overall occupancy to 97.9 percent. Some of the other tenants include Community First Credit Union, Family Dollar and Cricket Wireless.

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AcquisitionsMidwestMultifamilyOhioSeniors Housing

ESI Arranges Sale of Three-Property Seniors Housing Portfolio in Western Ohio

by Kristin Harlow

OHIO — Evans Senior Investments (ESI) has arranged the sale of a three-property seniors housing portfolio in western Ohio for an undisclosed price. The seller was Mariner Management Group Inc., an independent owner and operator seeking to exit the industry. The buyer was an owner-operator in the state. The portfolio, which was built in stages between 1990 and 2013, consists of 317 licensed skilled nursing beds and 209 seniors housing units.

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IllinoisLeasing ActivityMidwestOffice

CBRE Negotiates Five Leases Totaling 41,802 SF at Westwood Office Property in Lisle, Illinois

by Kristin Harlow

LISLE, ILL. — CBRE has negotiated five office leases totaling 41,802 square feet at The Westwood in Lisle. The leases include: Westpoint Financial (11,179 square feet); Mission Wealth Management (3,263 square feet); Ottosen, DiNolfo, Hasenbalg and Castalado (14,630 square feet); Paycom (6,830 square feet); and Vantage Point Financial (5,900 square feet). Pete Adamo and Adam Lawler of CBRE represented ownership, Briar Meads Capital. Located along I-88, The Westwood is a Class A property totaling 300,000 square feet across two buildings. There are multiple tenant lounges and a fitness center as well as newly renovated lobbies and a new deli.

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DevelopmentHealthcareMidwestMinnesota

Davis Breaks Ground on 14,000 SF Medical Office Building for Midwest ENT in Lakeville, Minnesota

by Kristin Harlow

LAKEVILLE, MINN. — Davis has broken ground on a 14,000-square-foot medical office building for Midwest Ear, Nose and Throat Specialists (Midwest ENT) in the Minneapolis suburb of Lakeville. The single-tenant facility at 11020 161st St. W will complement Midwest ENT’s other locations in metro Twin Cities, including specialty centers in Eagan, Woodbury, Vadnais Heights and Hudson. The Lakeville property is slated for completion in the first quarter of 2025. The project team includes Synergy Architecture Studio, Timco Construction Inc., structural engineer KOMA and civil engineer and landscape architect Loucks. 

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Duke Energy Convention Center, Cincinnati
CivicDevelopmentMidwestOhioTop Stories

City of Cincinnati Begins $240M Renovation at Duke Energy Convention Center, Names ASM Global as Operator

by Jeff Shaw

CINCINNATI — The City of Cincinnati has selected ASM Global to open and operate the Duke Energy Convention Center (DECC), which is currently undergoing a $240 million renovation. The 750,000-square-foot facility closed for construction on July 1. Once renovations are complete, DECC will feature upgraded meeting space and ballrooms, an expansive rooftop terrace and major improvements to building systems and technology, making it more energy efficient. The project will add 12,000 square feet to the exhibit hall. Plans also call for the construction of a two-acre park and outdoor convention area. The convention center is slated to reopen in January 2026. Prior to closing for renovations, the venue hosted 63 events in 2024 with more than 292,540 attendees combined. DECC will be part of a new convention district in the city. Plans include a $480 million new convention headquarters hotel, which is being constructed on an existing surface parking lot just south of the convention center. Once completed, the hotel will feature 800 rooms, as well as 80,000 square feet of flexible meeting space with junior and senior ballrooms, 15,000 square feet of retail space, a pool and outdoor amenity deck. “The operations and management of the reinvented DECC will …

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AcquisitionsIllinoisIowaMidwestMissouriMultifamilySeniors Housing

Arrow Senior Living Acquires Eight Communities in Midwest Region

by Kristin Harlow

ILLINOIS, IOWA, MISSOURI AND ARKANSAS — St. Charles, Mo.-based Arrow Senior Living has acquired eight seniors housing communities across Illinois, Iowa, Missouri and Arkansas. Acquired in June, CedarStone Senior Living and PrairieStone Senior Living, both located in Cedar Falls, Iowa, were developed by Nelson Construction and Development. CedarStone consists of 120 units, including 88 assisted living apartments and 32 memory care residences. PrairieStone consists of 111 units, including 79 assisted living apartments and 32 memory care residences. Arrow also acquired six independent living communities in partnership with Welltower in early July, adding 654 units to its portfolio. The Cambridge Senior Living in Springfield, Mo., features 115 units. The Gardens at Arkanshire in Springdale, Ark., consists of 80 units. The Montvale Senior Living in Springfield, Ill., features 121 apartments. Curtis Creek Senior Living in Quincy, Ill., totals 120 units. Lastly, Mallard Point Senior Living in Cedar Falls, Iowa, features 114 units, while Walden Place Senior Living in Iowa City totals 104 units.

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AcquisitionsMidwestMultifamilyWisconsin

Marcus & Millichap Arranges $5.7M Sale of Multifamily Property in Thiensville, Wisconsin

by Kristin Harlow

THIENSVILLE, WIS. — Marcus & Millichap has arranged the $5.7 million sale of Grand Avenue Apartments in Thiensville, a northern suburb of Milwaukee. The 47-unit multifamily property is situated on nearly four acres on Grand Avenue. The original building was constructed as a school in 1920 and totals 18,668 square feet. The rear building was constructed in 1986 and totals 34,560 square feet. The complex offers a mix of one- and two-bedroom units, many of which are townhome style. Blake Hanlon and Mark Peltin of Marcus & Millichap represented the seller, a family office, and procured the buyer, a local real estate investor.

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Leasing ActivityMidwestMinnesotaOffice

The Social Lights Signs 11,000 SF Office Lease at Steelman Exchange in Minneapolis

by Kristin Harlow

MINNEAPOLIS — The Social Lights, a marketing agency, has signed an 11,000-square-foot office lease at Steelman Exchange in the North Loop of Minneapolis. Tom Tracy, Katie Tufford and Harrison Rust of Cushman & Wakefield represented ownership, while CBRE’s John Lorence represented the tenant. Studio BV is the designer for the tenant’s new workspace. Located at 241 N. Fifth Ave., Steelman Exchange is a newly constructed creative office property that totals 220,000 square feet and features a tenant lounge with rooftop space, fitness center and podium parking garage. The Social Lights joins other tenants Grant Thornton, Calabrio and a global financial institution at the building, which has 75,000 square feet available for lease.

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AcquisitionsMichiganMidwestRetail

Dominion Negotiates Sale of Retail Redevelopment Site in Shelby Township, Michigan

by Kristin Harlow

SHELBY TOWNSHIP, MICH. — Dominion Real Estate Advisors LLC has negotiated the sale of a 0.78-acre retail development site located at 56166 Van Dyke Road in Shelby Township for an undisclosed price. Andrew Boncore of Dominion represented the seller. Steven Murphy of Century 21 Campbell Realty represented the buyer, a local business owner who plans on redeveloping the site into a retail center to expand his existing business.

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