Wednesday, September 2, 2026
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Midwest

KansasLoansMidwestMultifamilySeniors Housing

Partnership Receives $66.9M Loan for Refinancing of Active Adult Community in Fairway, Kansas

by Kristin Harlow

FAIRWAY, KAN. — A partnership between EPC Real Estate Group and Platform Ventures has received a $66.9 million loan for the refinancing for The Fieldston, an active adult community located in Fairway, approximately 10 miles southwest of Kansas City. Completed in 2025, the property is situated on 4.6 acres and totals 209 units. Amenities at the community include a swimming pool, sun deck, pub, golf simulator, spa, coworking spaces, outdoor kitchen, outdoor lounge, putting green, exercise studio, yoga studio, pet parlor and community garden. Mark Erland, Kevin Baron and Ellie Savage of JLL arranged the financing on behalf of the borrower. The direct lender was not disclosed.

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AcquisitionsHospitalityMidwestOhio

Laurel Real Estate Brokers Sale of 60-Room Hampton Inn Hotel in Sunbury, Ohio

by Kristin Harlow

SUNBURY, OHIO — Laurel Real Estate Co. has brokered the sale of the 60-room Hampton Inn Columbus I-71 North hotel in Sunbury. Laurel represented the undisclosed seller. A private investor group acquired the hotel. The acquisition included several equity partners and an SBA 504 financing structure involving a conventional first-mortgage lender, LCNB National Bank, and a certified development company, Alloy Development Co. The SBA 504 loan program generally combines a first mortgage from a conventional lender with a second-lien loan facilitated by an SBA-certified development company, according to Laurel. The structure supports qualified small businesses making long-term investments in owner-occupied real estate and other major fixed assets. Katie Vivian of Largo Capital arranged the financing. Fusion Hotels, the buyer-affiliated hotel management platform led by Amul Patel, plans to assume management of the hotel. Fusion’s portfolio consists of 15 hotels across Ohio, Indiana and Kentucky.

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AcquisitionsMidwestMissouriMultifamily

Marcus & Millichap Arranges Sale of 31-Unit Multifamily Property in Grain Valley, Missouri

by Kristin Harlow

GRAIN VALLEY, MO. — Marcus & Millichap has arranged the sale of Creekside Village, a 31-unit multifamily property in Grain Valley near Kansas City. Jacob Carroll and Aaron Kuroiwa of Marcus & Millichap represented the seller, Creekside SPE – Apartments LLC, and procured the buyer, a Kansas City-based investor. Built in 2007, the property features one- and two-bedroom units totaling 28,055 rentable square feet.

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AcquisitionsIllinoisMidwestRetail

SVN Chicago Commercial Negotiates $1.5M Sale of Retail Center in Chicago’s North Center

by Kristin Harlow

CHICAGO — SVN Chicago Commercial has negotiated the $1.5 million sale of a 6,000-square-foot retail property located at 3832 N. Lincoln Ave. in Chicago’s North Center neighborhood. Tim Rasmussen and Marcus Sullivan of SVN represented the seller. The two-story property sold for 8 percent above asking price.

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HealthcareIndustrialMarket ReportsMidwestMidwest Market ReportsOfficeOhio

Greater Cleveland Market Overview: Growth, Investment and Recognition

by Kristin Harlow

By Kevin Malinowski, Colliers | Cleveland-Akron Greater Cleveland continues to strengthen its position as one of the Midwest’s most competitive business and commercial real estate markets with Ohio’s recognition as CNBC’s No. 1 “State for Business in 2026,” a distinction driven by strong infrastructure, competitive operating costs, strategic market access and a growing supply of development-ready sites. Those advantages are translating into corporate investment, job creation, real estate activity and public-private partnerships across Northeast Ohio. High-profile investments are helping fuel the region’s momentum. According to reports, Cleveland Clinic is investing more than $1 billion in healthcare, research and innovation initiatives, including construction of its new Neurological Institute on its main campus. Nearby, Canon Healthcare USA acquired a building near Cleveland Clinic’s main campus for its U.S. headquarters and operations.  Sherwin-Williams recently completed its new downtown headquarters and suburban research campus. The project is widely regarded as one of the largest corporate investments in the city’s history and reflects the company’s continued presence and investment in the region. Like many other downtown office markets, Cleveland’s office sector is evolving as companies optimize workspace needs. That said, Cleveland has emerged as a notable leader for converting office to residential  with projects such as …

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DevelopmentMidwestMixed-UseOhio

Continental Development Ventures Opens 226-Unit Mixed-Use Project in Bexley, Ohio

by Kristin Harlow

BEXLEY, OHIO — Continental Development Ventures has opened The Fitzgerald, a mixed-use development located at 220 E. Main St. in Bexley, a suburb of Columbus. The project is the transformation of the former Trinity Lutheran Seminary apartment site, acquired from Capital University, into 226 residences above 11,000 square feet of ground-floor retail and restaurant space, 12,500 square feet of office space and a structured parking garage with 300 spaces. Amenities at the property include a fitness center, clubhouse, two outdoor courtyards and a rooftop terrace. The project reflects a multi-year public-private collaboration, including city support for the public parking garage through tax-increment financing. Coastal Ridge Real Estate is the property manager. The Fitzgerald’s dining lineup is anchored by Hudson 29 Kitchen + Drink, a concept from Cameron Mitchell Restaurants that is slated to open in spring 2027.

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AcquisitionsHealthcareMidwestMissouri

Marcus & Millichap Arranges $3.6M Sale of Missouri Medical Office Property

by Kristin Harlow

OSAGE BEACH, MO. — Marcus & Millichap has arranged the $3.6 million sale of Parkside Village, a medical office building with 10 fully occupied suites in Osage Beach. The 28,400-square-foot property is situated within the Lake of the Ozarks region and across from the Lake Regional Health System campus. Built in 2008 and renovated in 2021, the building rises two stories. Most tenants have more than five years remaining on their leases. Alec Coronado of Marcus & Millichap represented the seller, a Missouri-based medical office investor. The buyer was undisclosed.

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DevelopmentIllinoisIndustrialMidwest

Podmajersky to Build 12,000 SF Spec Industrial Facility in Chicago

by Kristin Harlow

CHICAGO — Developer Podmajersky Inc., led by John Podmajersky III, is developing a small-bay industrial facility totaling 12,000 square feet in Chicago’s East Pilsen area. Avison Young has been retained to market the speculative development at 2100 S. Canalport Ave. for lease. The asset will feature a clear height of 24 feet, dock and drive-in loading, flexible power capacity and Enterprise Zone incentives. Completion is slated for 2027. The developer says the project is expected to appeal to light manufacturing users, food producers, contractors, logistics operators, technology startups and last-mile distribution users that increasingly favor infill locations over suburban alternatives.

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AcquisitionsIllinoisMidwestMultifamily

Interra Realty Brokers $2.1M Sale of Value-Add Apartment Building in Chicago

by Kristin Harlow

CHICAGO — Interra Realty has brokered the $2.1 million sale of a 13-unit apartment building located at 1433 W. Ardmore Ave. in Chicago’s Edgewater neighborhood. Joe Braun of Interra represented the private seller, while Tommy Richard of Interra represented the local buyer. The transaction marks the first time the asset has traded hands in nearly 50 years. Originally constructed in 1927, the building includes 10 one-bedroom units and three two-bedroom layouts. The buyer plans to undertake a full gut rehab of the property, which is currently less than half occupied, including reconfiguring the existing units and adding new ones.

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AcquisitionsIllinoisMidwestMultifamily

Marcus & Millichap Brokers $20.4M Sale of Chicago Multifamily Property

by Kristin Harlow

CHICAGO — Marcus & Millichap has brokered the $20.4 million sale of a 98-unit multifamily property located at 1515 N. Fremont St. in Chicago’s Lincoln Park neighborhood. The building also features roughly 4,000 square feet of commercial space. Built in 2016, the property offers studio units and features a work-and-play lounge, barbecue and picnic areas, indoor bicycle storage and package locker service. Kyle Stengle of Marcus & Millichap represented the seller, Jack Duncan of Thesis Investment Group, and procured the buyer, Bill Silverstein of Beal Properties.

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