Saturday, February 7, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Midwest

AcquisitionsIowaMidwestMultifamily

CBRE Arranges Sale of 312-Unit Apartment Complex in Des Moines, Iowa

by Kristin Harlow

DES MOINES, IOWA — CBRE has arranged the sale of Cityville on 9th, a 312-unit apartment complex in Des Moines. The sales price was undisclosed. The property is located at 550 SW 9th St. near Principal Park, Gray’s Lake and the historic Court District. Built in 2015 to 2018, the apartment community features a range of studio, one-, two- and three-bedroom units along with 48,000 square feet of commercial space. Amenities include an outdoor pool and sundeck, fitness center, outdoor fire pit, theater room, business center, dog park, coffee bar and heated parking. Cy Fox, Ray Hamilton and Matt Bukshstaber of CBRE represented the undisclosed seller. ARTISAN Capital Group and Eastham Capital were the buyers.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMidwestMissouriOffice

Brinkmann Constructors Completes 87,000 SF Headquarters for First Bank in Creve Coeur, Missouri

by Kristin Harlow

CREVE COEUR, MO. — Brinkmann Constructors has completed an 87,000-square-foot headquarters for First Bank in Creve Coeur, a suburb of St. Louis. The four-story building features multiple outdoor workspaces and a multipurpose “innovation hub” for team collaboration and social events. In addition to the headquarters building, the project includes a two-story, 82,000-square-foot parking garage for employee and visitor use.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIllinoisMidwestRetail

Matthews Real Estate Brokers $7.8M Sale of Cannabis Dispensary in Schaumburg, Illinois

by Kristin Harlow

SCHAUMBURG, ILL. — Matthews Real Estate Investment Services has brokered the $7.8 million sale of a cannabis dispensary occupied by Enlightened Dispensary in the Chicago suburb of Schaumburg. Located at 820 E. Golf Road, the property features a gross leasable area of 9,296 square feet. Enlightened Dispensary, a corporate-backed, multi-state cannabis operator, has 12 years remaining on its lease with two additional five-year options. Alexander Machado, Daniel Gonzalez, Robert Goldberg and Ben Snyder of Matthews brokered the sale. Buyer and seller information was not provided.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMidwestMultifamilyOhio

Reynolds Asset Management Purchases 176-Unit Multifamily Property in Columbus, Ohio

by Kristin Harlow

COLUMBUS, OHIO — Reynolds Asset Management has purchased Hyde Park Townhomes, a 176-unit multifamily rental property in Columbus. The purchase price and seller were undisclosed. Built in 1974 and located at 5650 Knighthood Lane, the property consists of three-story townhomes and flats that vary between one- and three-bedroom layouts. Joni Sweetwood and Rob Holland of Kislak Co. brokered the sale. Matt Pizzalato, Tom Diddio, Max Custer, Sal Buzzerio and Mike Mataras of JLL arranged acquisition financing through Fannie Mae.

Continue Reading
FacebookTwitterLinkedinEmail
KansasMarket ReportsMidwestMidwest Market Reports

Wichita Market Continues to Show Signs of Substantial Growth

by Kristin Harlow

By Bob Ale-Ebrahim, Occidental Management Wichita has seen significant growth in the commercial real estate market for two years in a row. There have been sizable investments in downtown, new industrial campuses, medical offices and higher education institutions. These projects are spurring strong momentum in downtown Wichita.  Wichita is a thriving hub of social, professional and cultural experiences with 350 new residential units under development with over 120 unique retailers and 4.1 million square feet of occupied office space. Add in the solid job growth, and Wichita continues to show significant signs of a solid and expanding economy.  Projects recently completed include the WSU Tech National Institute for Culinary & Hospitality Education (NICHE), The Hudson St. Francis (event space), The Arcade and the Chester I. Lewis Reflection Square Park. Projects under construction include Hi-Tone Lofts, Sutton Place student housing and the Broadway Plaza AC Marriott Hotel.  Projects in the planning stage are street improvements at Commerce and St. Francis streets, the Wichita Biomedical Campus, Wichita Transit multimodal facility, ballpark/riverfront stadium development, Exploration Place amphitheater and destination playscape, Delano Riverfront Stadium project and the Kingdom Building.  Wichita’s economic development generated more than $418 million in capital investment in 2023 alone. Remarks …

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMidwestMinnesotaMixed-Use

Kraus-Anderson Completes 1 MSF North Loop Green Mixed-Use Development in Downtown Minneapolis

by Kristin Harlow

MINNEAPOLIS — Kraus-Anderson (KA) has completed construction of North Loop Green, a 1 million-square-foot mixed-use development located next to Target Field in downtown Minneapolis. Developed by Hines in partnership with AFL-CIO Building Investment Trust and Marquee Development, the project consists of a 34-story, 449-unit apartment tower; a 14-story, 365,000-square-foot office building; and a 471-stall, 225,439-square-foot parking garage with electric vehicle charging stations. The project team is pursuing a LEED Silver certification. The multifamily portion features a one-acre park known as The Green, along with sky lounge views overlooking the Minneapolis skyline, Target Field and the Mississippi River. Amenities include outdoor terraces, a fitness center and health club, pool and sauna, golf and gaming simulator, work-from-home lounges, dog lounge with washing stations and dog run, and the aforementioned park. Monthly rents start at $1,499, according to the property’s website. North Loop Green’s food-and-beverage offerings include Hope Breakfast Bar, Salt & Flour, Bassett Hound and food trucks on The Green. KA participated in a 12-month pre-construction period, working with the design team and the City of Minneapolis on permitting, constructability and sustainability planning. Additionally, KA’s special projects team is in the process of completing build-outs for several of the office tenants, including …

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsHospitalityMidwestMissouri

Bentley Legacy Holdings, Pendant Capital Acquire Historic Raphael Hotel in Kansas City

by Kristin Harlow

KANSAS CITY, MO. — Bentley Legacy Holdings (BLH) and Pendant Capital have acquired The Raphael Hotel, Autograph Collection, in Kansas City for an undisclosed price. Bentley Legacy Group, the management arm of BLH, has immediately assumed management of the hotel. Located just off Country Club Plaza, The Raphael Hotel has been a Kansas City fixture since 1928. The property originally served as an apartment building before being transformed into a hotel in 1975. The new owners plan to renovate the guest rooms and make enhancements to the lobby and other public spaces. Chaz on the Plaza, the onsite restaurant, will continue operating. The property is designated as a Historic Hotel of America through the National Trust for Preservation and is also listed on the National Register of Historic Places.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIllinoisMidwestMultifamily

Habitat Opens 33-Story Cassidy on Canal Luxury Apartment Tower in Chicago

by Kristin Harlow

CHICAGO — Habitat has opened Cassidy on Canal, a 33-story luxury apartment tower located at 350 N. Canal St. in Chicago’s Fulton River District. The 343-unit development marks the first Class A rental tower to open in more than 17 years near the west bank of the Chicago River, according to the developer. The first residents have begun moving in. Cassidy on Canal offers a mix of floor plans and penthouse residences along with parking for 123 vehicles and ground-floor retail space. A 10,000-square-foot outdoor deck off the building’s fifth floor offers landscaped grounds, a pool, fire pits, grilling areas, cool weather heaters and dining areas. Inside, residents have access to a fitness center, game room, various clubrooms, a coworking center and spa. An outdoor dog run is scheduled to open in the coming months. Monthly rents range from $2,550 to $5,660. Penthouse Collection units rent for up to $10,810 per month. The project site was formerly home to the Cassidy Tire building, which had stood on the location since 1908. Habitat repurposed 200 bricks from the original property in the outdoor plaza near the new building’s main entrance. Solomon Cordwell Buenz designed the 375-foot glass tower. Diversified Real Estate …

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsBuild-to-RentIndianaMidwestSingle-Family Rental

Hudson Investing, Midloch Acquire Jackson Run Build-to-Rent Community in Suburban Indianapolis

by Kristin Harlow

WHITESTOWN, IND. — Hudson Investing and Midloch Investment Partners have acquired Jackson Run Townhomes, an 84-unit build-to-rent community in the northwest Indianapolis suburb of Whitestown. The purchase price was undisclosed. Completed in 2023, the property features three- and four-bedroom units averaging 1,897 square feet. The two-story townhomes feature two-car garages and ADT home security systems. Hudson is planning several amenity upgrades, including expansion and enhancement of the existing pet park and the addition of an outdoor gas grilling pavilion.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIndustrialMidwestMinnesota

RL Cold Begins Development of 292,000 SF Cold Storage Facility in Lakeville, Minnesota

by Kristin Harlow

LAKEVILLE, MINN. — RL Cold, a division of RealtyLink LLC, has begun development of a 292,000-square-foot cold storage facility in the Minneapolis suburb of Lakeville. The project team includes general contractor Graycor Construction Co. and architect Ware Malcomb. The development will be situated within the 205-acre Airlake Industrial Park, which is located four miles from I-35 and 20 miles from Minneapolis. The project will feature advanced refrigeration technology, storage capacity for perishable items, a clear height of 50 feet, 70-foot-deep truck dock, up to 34,000 pallet positions, 98 employee parking spots, 61 truck spots and 38 truck dock doors. The project will be U.S. Green Building LEED certified. Completion is slated for spring 2025.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts