Midwest

By Leirion Gaylor Baird, Mayor of Lincoln, Nebraska All roads lead to Lincoln. Located midway between Chicago and Denver, our capital city has long served as a crossroads for touring legends, local artists and fans who pack historic music venues night after night. Our live music scene has grown organically in bars, theaters and alleyways, becoming a defining part of our civic DNA. Now, Lincoln is intentionally amplifying this authentic strength and sound. Through the creation of the Boehmer Street music district, the City of Lincoln, in partnership with the Downtown Lincoln Association and with support from the Nebraska Department of Economic Development, is investing in assets that define our unique cultural landscape. This effort advances a longstanding plan to designate a music district as a downtown catalyst.  Our vision is to convert underutilized downtown space into active, mixed-use momentum that grows economic opportunity, strengthens quality of life and brings renewed vitality to our urban core. Anchor culture, community The Boehmer Street music district links three major geographic anchors — the University of Nebraska–Lincoln campus, the State Capitol and our iconic main street — to form a walkable corridor. Longstanding, thriving music venues, including the Zoo Bar, The Bourbon Theatre, …

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CLEVELAND — The Haslam Sports Group, alongside a joint venture of AECOM Hunt and Turner Construction Co. and architect HKS, have broken ground on the new Huntington Bank Field, the future home of the Cleveland Browns starting in the 2029 season. The enclosed stadium and surrounding district marks northeast Ohio’s largest economic development project to date, according to the Browns. In addition to Browns games, the stadium can host events throughout the year such as NCAA Final Fours, international soccer matches and concerts for up to 75,000 people. Lincoln Property Co. will develop the mixed-use entertainment district. According to the Browns, the stadium’s revolutionary seating bowl design will bring fans closer to the field than any other NFL stadium. The transparent roof will be enhanced by a first-of-its-kind roofing system. AECOM Hunt and Turner are partnering with local contractors, including DiGeronimo Cos., Independence Excavating and Independence Construction. The project is scheduled to open in 2029 along with Phase I of the mixed-use development.   

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MORAVIA, IOWA — TopSide Marinas has acquired Rathbun Lake Marina, a full-service marina and resort destination located on Rathbun Lake in Moravia, a city in southern Iowa. The acquisition marks the company’s entry into the Iowa market. The 160-acre leasehold property with the U.S. Army Corps of Engineers features 246 wet slips, boat rentals, four campgrounds with 144 campsites and a 12-room hotel. Louie’s Lakeside Bistro and Barbecue is an independently operated restaurant that is open onsite from April 15 through Oct. 15 and is accessible by boat, camper or car. Established in 2010, Rathbun Lake Marina offers amenities such as a soccer field, frisbee golf and other activities. TopSide Marinas plans to invest in several enhancements, including expanding capacity with an increased total slip count as well as adding roofs to uncovered docks and introducing a service department. To accommodate additional public boat launches, the boat rental operation and parking area will both be expanded.

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ELGIN, ILL. — Accredo Health Group has signed a 40,873-square-foot industrial lease at 300 Airport Road within Fox River Business Center in Elgin. Kenneth Franzese, John Cassidy and Jeff Janda of Lee & Associates of Illinois represented the landlord, High Street Logistics Properties. Bob Tardy and Doug Pilcher of Cushman & Wakefield represented the tenant, which is a specialty pharmaceutical service provider. Fox River Business Center is a 176,799-square-foot industrial facility constructed in 2008. Current availability totals 29,806 square feet.

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SKOKIE, ILL. — Greenstone Partners has brokered the $3.9 million sale of Gross Point Crossing, a 19,000-square-foot retail center in Skokie. Brewster Hague and AJ Patel of Greenstone represented the seller, a Chicago-based private investor, and procured the buyer, an Ohio-based private real estate investment firm. The value-add property was 67 percent occupied at the time of sale. Located at the signalized intersection of Gross Point Road and Dempster Street, the asset features a mix of food and service-oriented tenants.

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RICHMOND HEIGHTS, OHIO — Walker & Dunlop has arranged $55.2 million in construction financing for Phase I of Belle Oaks Marketplace, a mixed-use redevelopment project in Richmond Heights, a suburb of Cleveland. Ryan Parker led the Walker & Dunlop team that arranged the floating-rate loan. Genesis Capital provided the loan on behalf of the borrower, DealPoint Merrill. Plans call for 181 Class A multifamily units across two buildings as part of the first phase of a larger mixed-use, master-planned redevelopment. Upon completion, Belle Oaks Marketplace will transform the former Richmond Town Square Mall into a mixed-use community with 798 multifamily units, more than 120,000 square feet of retail space, a 159,000-square-foot grocery anchor and additional community amenities.

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INDIANAPOLIS — General contractor Skender has completed common area upgrades and four office build-outs at Keystone Crossing, a five-building, 1.1 million-square-foot office park in Indianapolis. The four tenant build-outs, totaling 57,000 square feet, and common area enhancements were completed on behalf of landlords Interamar and Typerion Holdings, which acquired the campus in late 2024 and are implementing a significant repositioning. At the 8888 Building, Skender completed a 15,000-square-foot gut remodel of the existing 16th floor and turned the space into a modern workplace for WestPoint Financial Group, a MassMutual firm. At the 9000 Building, Skender completed a 7,000-square-foot build-out for the Indiana Apartment Association. The workspace includes a new training room, breakroom and several private offices. At this building, Skender also converted two former ground-floor suites into a new amenity center with a café, fitness center, golf simulators and upgraded restrooms. At the 9100 Building, Skender completed the 21,000-square-foot national headquarters for Delta Tau Delta. The project included full demolition of the existing space and a renovation, including private offices, a breakroom and dedicated display areas showcasing the fraternity’s history and memorabilia. Skender also completed a 14,000-square-foot office build-out for accounting firm CliftonLarsonAllen. The workspace includes a café, training room …

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NEW ALBANY, IND. — Marcus & Millichap has arranged the sale and financing of The Villas at Green Valley, an 84-unit multifamily property in New Albany near Louisville. The asset sold for $14.1 million. Tony Rogers and Aaron Kuroiwa of Marcus & Millichap represented the seller, a southern Indiana-based developer, and procured the buyer, a California-based investor. Chad O’Connor of Marcus & Millichap Capital Corp. secured $9.2 million in financing through a national bank on behalf of the buyer. The loan features a 10-year term, 65 percent loan-to-value ratio, 5.85 percent interest rate and 30-year amortization period. Built in 2023, The Villas at Green Valley is situated on Green Valley Road and features a mix of one-, two- and three-bedroom floor plans across 93,840 rentable square feet. The new ownership plans to enhance the amenity package by utilizing additional green space.

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KALAMAZOO, MICH. — GREA has brokered the sale of Big Bend Apartments, a 128-unit low-income housing tax credit community in Kalamazoo. Constructed in 2004, the property features a mix of two- and three-bedroom units. GREA facilitated the disposition of the asset on behalf of the original developer.

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BIG BEND, WIS. — The Milwaukee office of Kraus-Anderson (KA) will build the Breck Athletic Complex, a $175 million youth sports complex located at Highway 164 and I-43 in Big Bend, just southwest of Milwaukee. The facility will host national-level baseball, soccer and lacrosse tournaments. The project will be the first of its kind in the area and the largest complex in Wisconsin when complete, according to KA. Construction is expected to begin this spring. Designed by ISG Architects, the project’s baseball component will feature six full turf lighted outdoor fields, a championship field with built-in seating, a 150,000-square-foot indoor baseball, lacrosse and soccer facility, batting cages and warmup areas, bleachers and restrooms. There will be five full turf outdoor fields for soccer and four full turf outdoor fields for lacrosse. Amenities will include golf simulators, a looped fitness trail, gas station, parking, commercial and retail spaces, sports outfitters and an onsite hotel. Food and entertainment offerings will include multiple concessions, additional restaurants, a coffee bar and a craft beer bar, restaurant and banquet hall near the championship field. The soccer fields are anticipated to be ready for gameplay by early fall 2026. Baseball diamonds are expected to open in …

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