Monday, February 2, 2026
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Midwest

HospitalityLoansMidwestMissouri

Bayview PACE Provides $3.5M in C-PACE Funding for Hotel Expansion in Columbia, Missouri

by Kristin Harlow

COLUMBIA, MO. — Bayview PACE has provided $3.5 million in C-PACE funding for a hotel expansion project in Columbia. The funding will add significant capacity to the Double Tree Hilton hotel. The 20-year, fixed-rate loan features a loan-to-cost ratio of 10.36 percent. C-PACE, or Commercial Property Assessed Clean Energy, is a financing tool that provides long-term, low-cost construction financing for new and existing buildings. Eligible improvements include energy efficiency, water efficiency, renewable energy and resiliency measures such as seismic and stormwater measures. C-PACE loans are structured as assessments that are repaid through the owner’s property tax bill over a 20- to 30-year period, according to Bayview.

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DevelopmentIndustrialMidwestOhio

Ditsch USA to Expand Operations in Metro Cincinnati

by Kristin Harlow

SPRINGDALE, OHIO — Ditsch USA has unveiled plans to expand its operations in the Cincinnati area. The expansion includes a building purchase and renovation, adding fully automated bakery production lines and increasing industrial freezer storage capacity. The pretzel manufacturer has made a commitment to bring 150 new jobs over the next three years to the area. The expansion comes nine years after Ditsch selected Springdale, Ohio, as its first location outside of Germany for its U.S. headquarters. Ditsch is converting a former Costco site in Springdale, offering future employment opportunities for production associates, maintenance technicians and line supervisors. JobsOhio, a private nonprofit economic development corporation, is planning to assist the project with talent acquisition services. The expansion was also made possible with support from REDI Cincinnati, the first point of contact for companies locating or growing in the 16-county region at the heart of southwest Ohio, northern Kentucky and southeast Indiana.  

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DevelopmentIllinoisIndustrialMidwest

Contegra Builds 35,000 SF Fabrication Facility for NuWay FAB in Troy, Illinois

by Kristin Harlow

TROY, ILL. — Contegra Construction Co. has completed a 35,000-square-foot fabrication facility for NuWay FAB in Troy, an eastern suburb of St. Louis. The project quadruples NuWay’s annual rebar production capacity, enabling the company to produce 15,000 tons of reinforcing steel or rebar annually. The project features a 31,000-square-foot fabrication shop and 4,000 square feet of office space. There are three overhead cranes, three bays and five drive-in doors. Joining Contegra on the project were J.F. Electric, Vee-Jay Cement Contracting, Illinois Electric Works and Affton Fabricating & Welding Co.  

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DevelopmentHealthcareMidwestMinnesota

Ryan Cos. Completes 30,000 SF Psychiatric Hospital Expansion in Brooklyn Park, Minnesota

by Kristin Harlow

BROOKLYN PARK, MINN. — Ryan Cos. US Inc. has completed PrairieCare’s youth and young adult psychiatric inpatient hospital expansion in the Minneapolis suburb of Brooklyn Park. Ryan completed the project three weeks ahead of schedule. The nearly 30,000-square-foot expansion includes an additional 30 inpatient beds as well as activity and therapy spaces. The expansion enables PrairieCare to serve an additional 1,000 youth and young adults each year. The hospital is located adjacent to 610 Medical Center, a two-story medical office building that houses PrairieCare, PrairieCare Medical Group and the PrairieCare Foundation. Ryan also built and designed 610 Medical Center. Pope Architects served as the architect and interior designer for the expansion project.

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IllinoisLeasing ActivityMidwestRestaurantRetail

Chef Johnny Clark to Open Anelya Ukrainian Restaurant in Chicago’s Avondale Neighborhood

by Kristin Harlow

CHICAGO — James Beard award-winning Chef Johnny Clark is set to open Anelya, a Ukrainian restaurant, in Chicago’s Avondale neighborhood in October. The restaurant’s name and inspiration are derived from Clark’s grandmother. Diners at Anelya will receive a Zakusky tower at their table that will carry various Ukrainian-style small plates like sliced and cured meats, pickled vegetables, fish and other hors d-oeuvres. Zakusky, or table offerings, is one of the most recognizable aspects of Ukrainian dining. Diners will select starters from the tower before heading on to other a la carte offerings. Chef Clark’s main menu will feature creative takes on staple dishes like Varenyky, which are similar to pierogis or ravioli, and Holubsi, which is stuffed cabbage. The wine program at Anelya will feature many styles and varietals imported from exclusively eastern Europe. The cocktail program will feature takes on traditional favorites named for Ukrainian folk heroes like Taras Shevchenko, like a shaken horseradish martini. There will be nonalcoholic drinks like a homemade kvass, which is a naturally fermented beverage resembling kombucha. Clark co-owns and operates the Michelin-starred Parachute with his wife, Chef Beverly Kim. Charlie Vinz, designer and architect of Parachute, also designed Anelya. The logo for Anelya …

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AcquisitionsIndianaMidwestRetail

Marcus & Millichap Brokers $4.3M Sale of CVS-Occupied Property in Indianapolis

by Kristin Harlow

INDIANAPOLIS — Marcus & Millichap has brokered the sale of a 12,268-square-foot retail property occupied by CVS in Indianapolis for $4.3 million. Constructed in 1996 and renovated in 2010, the net-leased building is located at 8935 E. 21st St. CVS’s current lease runs through 2036. Mitch Grant and Nicholas Kanich of Marcus & Millichap represented the buyer, a limited liability company completing a 1031 exchange.

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DevelopmentHealthcareMidwestMinnesota

HealthPartners Breaks Ground on $50.5M Specialty Center in Woodbury, Minnesota

by Kristin Harlow

WOODBURY, MINN. — HealthPartners has broken ground on a $50.5 million specialty center in the St. Paul suburb of Woodbury. The facility will provide additional medical and surgical specialty care to the community. Located on City Place Boulevard, the project will rise two stories and total 55,000 square feet. Completion is slated for winter 2024. The project marks the health system’s latest addition to the Woodbury area, including HealthPartners Clinic Woodbury, TRIA Orthopedic Center, Melrose Center and other specialty care clinics. Kraus-Anderson is the construction manager.

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Affordable HousingDevelopmentMidwestMultifamilyOhio

NRP Group Opens $40M Affordable Housing Community in Columbus, Ohio

by Kristin Harlow

COLUMBUS, OHIO — The NRP Group has opened The Sinclair Apartment Homes, a $40 million affordable housing community in Columbus. The 180-unit property is located at 5075 Sinclair Ave. and features units for those who earn 30 to 80 percent of the area median income. The project site was the former home of live music venue Alrosa Villa, which closed in early 2020. The community consists of three four-story buildings with one, two-, three- and four-bedroom units. The Columbus Metropolitan Housing Authority helped fund the development by issuing $27.7 million in tax-exempt and taxable bonds. Tax-credit funding support from the Ohio Housing Finance Agency and Huntington National Bank also helped fund the transit-oriented project.

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AcquisitionsHealthcareIndianaMidwest

Matthews Real Estate Brokers $21.9M Sale-Leaseback of Indiana Dental Portfolio

by Kristin Harlow

MISHAWAKA AND FORT WAYNE, IND. — Matthews Real Estate Investment Services has brokered the $21.9 million sale-leaseback of a four-property dental portfolio totaling 65,900 square feet in Indiana. Three of the locations are in Mishawaka, and the fourth is in Fort Wayne. The deal was structured as a sale-leaseback with 15-year leases and 3 percent annual increases. Seamus O’Brien, Thor St John, Rahul Chhajed and Michael Moreno of Matthews brokered the sale. Buyer and seller information was not provided.

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AcquisitionsMichiganMidwestMultifamily

Eastham Capital, Bender Cos. Acquire 308-Unit Multifamily Property in Lansing, Michigan

by Kristin Harlow

LANSING, MICH. — Eastham Capital has partnered with Bender Cos. on the acquisition of Briarcliffe Apartments and Townhomes in Lansing. The 308-unit multifamily property was nearly 95 percent occupied at the time of acquisition. Monthly rents average $1,071. The new owners plan to invest $4 million in renovations, including upgrades to the interiors of the apartment units, improvements to common areas and the building exteriors. Built in 1976, the property consists of 48 one-bedroom units and 260 two-bedroom units. Amenities include a pool, fitness center, sauna, garden, playground, dog park, business center and bike share program. Eastham Capital invested in the deal through its current fund, Eastham Capital Fund VI LP. Bender will oversee the day-to-day management. The acquisition marks the sixth joint venture between the two firms.

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