Midwest

Hunter Advisors Negotiates Sale of 408-Room Renaissance Columbus Downtown Hotel

by Kristin Harlow January 21, 2026

COLUMBUS, OHIO — Hunter Advisors has negotiated the sale of the Renaissance Columbus Downtown Hotel, a 408-room property in downtown Columbus. JW Marriott Family Enterprises sold the hotel to Whitestone Cos. Robert Taylor and Sophia Pittaluga of Hunter brokered the sale. Situated at 50 N. Third St., the asset rises 22 stories and features 23,810 square feet of flexible meeting and event space across 18 meeting rooms, along with Latitude 41, Bar 41, an outdoor pool, fitness center and business center. The acquisition marks Whitestone’s third investment in Columbus over the last 10 months.

January 21, 2026

Acquisitions Illinois Industrial Midwest Wisconsin

Brennan Investment Group Buys 801,728 SF Industrial Portfolio in Metro Chicago, Milwaukee

by Kristin Harlow January 21, 2026

CHICAGO AND MILWAUKEE — Brennan Investment Group has acquired an 801,728-square-foot industrial portfolio located across the Chicagoland and Milwaukee markets. The portfolio is comprised of 13 shallow-bay industrial buildings with a diverse tenant mix and a weighted average lease term of more than four years. The Chicago submarkets include I-55, Lake County, Northern DuPage and Central Kane/I-88, while the Milwaukee properties are located within the Airport and Northwest submarkets. Brennan’s Midwest portfolio totals 28 million square feet.

January 21, 2026

Development Midwest Missouri Multifamily

Palmer Square, Marquee Begin Pre-Leasing for Two Luxury Multifamily Communities in Kansas City

by Kristin Harlow January 21, 2026

KANSAS CITY, MO. — Developers Palmer Square Real Estate and Marquee Development have begun pre-leasing efforts for the first two luxury residential spaces within Current Landing, a waterfront development and mixed-use district in Kansas City. Applications for spring 2026 move-ins are now available for River’s Edge Residences and Confluence Residences. Willow Bridge Property Co. is handling property management and leasing. Current Landing is anchored by CPKC Stadium, the world’s first stadium purpose-built for a women’s professional sports team and home of the Kansas City Current. River’s Edge and Confluence offer immediate access to the Kansas City Streetcar’s new Riverfront Extension. River’s Edge places residents closer to the Missouri River than any other apartment community in Kansas City, according to the developers. The community offers a mix of studio, one- and two-bedroom residences along with a limited collection of two-story townhomes. Amenities include work-from-home spaces, a fitness center, spa, resident lounges, two amenity decks, a pool, outdoor kitchens and a putting green. Confluence offers studio, one- and two-bedroom apartments with direct access to public spaces, including Current Landing’s new town square. Amenities include a fitness center, work-from-home spaces, a clubroom, outdoor amenity deck and resort-style pool.

January 21, 2026

Acquisitions Midwest Multifamily Ohio Seniors Housing

Kiser Group Brokers $7M Sale of Skilled Nursing Facility in Metro Cleveland

by Kristin Harlow January 21, 2026

CLEVELAND — Kiser Group has brokered the sale of an 84-bed skilled nursing facility in a rural market east of Cleveland for $7 million. The property features 76 skilled nursing beds, five assisted living units and three independent living units. Situated on 26 acres, the community was built in 1950 and expanded through multiple additions between 1995 and 2001. At the time of sale, occupancy ranged between 70 and 80 percent. The buyer is a seasoned owner-operator with a large skilled nursing portfolio across the Midwest and a growing presence in Ohio. The buyer plans to implement strategic initiatives aimed at improving cash flow and enhancing overall performance. The seller was a family ownership group based in the Cleveland area. Mark Myers of Kiser brokered the sale.

January 21, 2026

Development Illinois Midwest Retail Top Stories

Amazon Plans to Open First-of-its-Kind Retail Store in Metro Chicago Totaling 230,000 SF

by Kristin Harlow January 21, 2026

ORLAND PARK, ILL. — Amazon (NASDAQ: AMZN) has unveiled plans to open a first-of-its-kind retail store in the southern Chicago suburb of Orland Park. The planned brick-and-mortar store will occupy the long-vacant site of the former Petey’s II restaurant at the southwest corner of 159th Street and LaGrange Road. The Orland Park Village Board approved the project at its Jan. 19 meeting. Amazon’s plans call for a one-story building of approximately 230,000 square feet that will offer groceries, household essentials and general merchandise. The store would function similarly to a large-format retailer such as a Walmart Supercenter. The commercial retail store would be open to the public and is not a warehouse or distribution center. Both the Orland Park Plan Commission and the Board of Trustees have reviewed and approved the plan. The village is not providing any financial incentives to Amazon as part of this project. “When a global retailer of this scale considers investment in Orland Park, it sends a strong signal about the vitality of our community and the strategic importance of this corridor,” says Orland Park Mayor Jim Dodge. According to a release, Amazon’s proposed multimillion-dollar investment in Orland Park would generate millions in sales and …

January 21, 2026

Affordable Housing Development Indiana Michigan Midwest Multifamily Wisconsin

Cinnaire Closes $134M LIHTC Fund for 12 Affordable Housing Projects Across Five States

by Kristin Harlow January 20, 2026

LANSING, MICH. — Cinnaire has closed a $134 million low-income housing tax credit (LIHTC) fund, Cinnaire Fund for Housing 44. The fund will finance 12 affordable housing developments across five states, creating or preserving 950 homes for families, seniors and individuals with special needs. Fund 44 will support developments such as Chamberlain House in Rochester, Ind., East Bay Flats in Traverse City, Mich. and Element Collective in Madison, Wis. Chamberlain House is a new development with 40 affordable housing units for families, including eight units reserved for Indiana’s State Referral Network with project-based vouchers from the Indiana Housing & Community Development Authority. Housing Directions and Village Management Co. is developing the project. East Bay Flats is a rehabilitation project delivering 64 affordable homes for individuals who are homeless or at risk of homelessness. All units are supported by project-based rental subsidies from the Michigan State Housing Development Authority, with onsite supportive services provided by Goodwill Northern Michigan. The development team includes Goodwill Northern Michigan and TJ Acquisitions. Element Collective is a new property in Dane County that will create 197 affordable homes for families, including five units reserved for individuals experiencing or at risk of homelessness. As part of …

January 20, 2026

Acquisitions Midwest Minnesota Multifamily

PCCP, RPM Living Acquire 204-Unit Multifamily Property in Lakeville, Minnesota

by Kristin Harlow January 20, 2026

LAKEVILLE, MINN. — A joint venture between PCCP and RPM Living has acquired Livery Modern Apartments, a 204-unit community in Lakeville, about 22 miles south of the Minneapolis central business district. Built in 2023, the property features 22 two-story buildings with a mix of floor plans that range from 868 to 1,505 square feet. Amenities include a pool, fitness center, pet park and bike repair station. The seller and sales price were undisclosed.

January 20, 2026

Acquisitions Indiana Industrial Midwest Wisconsin

Colliers Arranges Sale-Leaseback of 290,000 SF Industrial Portfolio in Wisconsin, Indiana

by Kristin Harlow January 20, 2026

NEW BERLIN, WIS. AND VALPARAISO, IND. — Colliers has arranged the sale-leaseback of an approximately 290,000-square-foot industrial portfolio for tenant Dynatect Manufacturing Inc., a provider of engineered equipment protection and safety solutions. The portfolio comprises two facilities in New Berlin, Wis., and an additional property in Valparaiso, Ind., within the Chicago metro area. New Berlin-based Dynatect executed a long-term lease across all three properties. Tom Shepherd, John Kardelis and Jennifer Huber-Bullock of Colliers represented Dynatect as its exclusive real estate advisor. CIM Group was the buyer.

January 20, 2026

Acquisitions Illinois Midwest Multifamily

SVN Chicago Brokers $4M Sale of Apartment Building in Bronzeville Neighborhood

by Kristin Harlow January 20, 2026

CHICAGO — SVN Chicago Commercial has brokered the sale of a 21-unit apartment building located at 4201 S. Michigan Ave. in Chicago’s Bronzeville neighborhood. The asset sold for $4 million through a debt assumption structure. Joe Connelly of SVN Chicago represented both parties in the sale. The property features 15 two-bedroom units and six three-bedroom residences.

January 20, 2026

Acquisitions Illinois Midwest Multifamily

Eastham Capital, Bender Cos. Acquire Multifamily Property in Metro Chicago for $75.3M

by Kristin Harlow January 19, 2026

MOUNT PROSPECT, ILL. — Eastham Capital and Bender Cos. have acquired The Element, a 509-unit, garden-style multifamily community in the Chicago suburb of Mount Prospect, for $75.3 million. To date, Eastham and Bender have co-invested in 10 properties. The Element is currently at 95 percent occupancy with average rents of $1,590 per month. The renovation plan for the value-add asset includes roughly $5 million to upgrade unit interiors, building systems and exterior areas. These improvements will build on significant upgrades completed by prior ownership. Built in 1968, the property is situated on more than 10 acres. The Element offers a mix of floor plans ranging from 850 to 1,800 square feet. Amenities include a fitness center, pool, yoga studio, business center, game room and laundry facilities.

January 19, 2026

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