Monday, July 28, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Midwest

AcquisitionsMidwestMinnesotaMultifamilyStudent Housing

JLL Brokers $25M Sale of Multifamily Property Near University of Minnesota

by Kristin Harlow

MINNEAPOLIS — JLL Capital Markets has brokered the sale of Stadium Village Apartments near the University of Minnesota for $25 million. Originally constructed in 1960, the 121-unit multifamily property is located at 1015 Essex St. within the Stadium Village neighborhood. Floor plans range from studios to two-bedroom units. Stewart Hayes, Josh Talberg, Dan Linnell, Mox Gunderson, Scott Clifton, Teddy Leatherman and Riley McChesney of JLL represented the seller. Buyer and seller information was not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
LoansMidwestMultifamilyWisconsin

Greystone Provides $9.3M Refinancing for Apartment Community in Metro Milwaukee

by Kristin Harlow

OAK CREEK, WIS. — Greystone has provided a $9.3 million Fannie Mae loan for the refinancing of Country Oaks Apartments in Oak Creek, just south of Milwaukee. The 300-unit multifamily community features a swimming pool and a stackable washer and dryer in each unit. Clint Darby of Greystone originated the fixed-rate, 10-year loan, which features a 30-year amortization. The borrower was undisclosed.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsHealthcareIndianaMidwestNAI

NAI Robert Lynn Acquires 23,346 SF Dialysis Center in Munster, Indiana

by Kristin Harlow

MUNSTER, IND. — Robert Lynn Investments, a division of commercial real estate services firm NAI Robert Lynn, has acquired a 23,346-square-foot dialysis center located at 10120 Calumet Ave. in Munster, about 30 miles south of Chicago. The purchase price was undisclosed. This is the first acquisition for Robert Lynn’s Med Strategy Fund I, a $30 million equity fund dedicated to the aggregation of medical properties. American Renal Associates is the primary tenant within the building. Frank Roti of Marcus & Millichap represented the seller.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIllinoisMidwestRetail

Boulder Group Arranges $6.8M Sale of Walgreens-Occupied Property in Suburban Chicago

by Kristin Harlow

ORLAND PARK, ILL. — The Boulder Group has arranged the sale of a 15,120-square-foot retail property occupied by Walgreens in Orland Park for $6.8 million. The single-tenant building is situated at 14680 S. La Grange Road in suburban Chicago. The Walgreens lease expires in September 2032. Randy Blankstein and Jimmy Goodman of Boulder represented the seller, a Midwest-based real estate developer. A West Coast-based investor purchased the asset.

Continue Reading
FacebookTwitterLinkedinEmail
Shankh Mitra Welltower
AcquisitionsHealthcareMidwestOhioSeniors HousingTop Stories

Welltower Sells $1.3B of Seniors Housing and Outpatient Medical Facilities; CEO Steps Down

by John Nelson

TOLEDO, OHIO — Welltower Inc. (NYSE: WELL) has sold three separate portfolios totaling $1.3 billion in value. The portfolios comprise 11 seniors housing facilities in the Western United States, six seniors housing communities in Massachusetts and 20 outpatient medical facilities across five states. Separately, Welltower also announced on Monday a strategic personnel change in the C-suite as the Toledo-based REIT promoted Shankh Mitra from chief operating officer to CEO effective immediately. Tom DeRosa is stepping down from his role as CEO after six years. Mitra will also retain his chief investment officer title. Details of seniors housing sales The sales price of the Western portfolio totaled $702 million, or $466,000 per unit. The unnamed properties are situated in California, Washington and Nevada and have an average age of 12 years. Welltower’s previous ownership stake in the portfolio was 80 percent. The buyer was not disclosed. The sales price of the Massachusetts portfolio totaled $200 million, or $395,000 per unit. The unnamed properties have an average age of 19 years. Welltower is reducing its ownership stake from 95 percent to 20 percent. The remaining 80 percent of the portfolio will be owned by a fund co-managed by Taurus Investment Holdings and …

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsKansasMidwestMultifamily

Berkadia Brokers Sale of Five-Property Multifamily Portfolio in Metro Wichita, Kansas

by Kristin Harlow

WICHITA, KAN. — Berkadia has brokered the sale of a five-property multifamily portfolio in metro Wichita. The garden-style assets include Eastgate, High Point East, Morgan’s Landing, Springcreek and Northridge Crossing Apartments. The portfolio totals 696 units. Alex Blagojevich, Michael Sullivan, Brett Meinzer and Dominic Martinez of Berkadia brokered the sale. Peter Benedetto of Berkadia originated acquisition financing through Fannie Mae on behalf of the buyer, Colorado-based Monarch Investment and Management Group. The seller and sales price were undisclosed.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIllinoisIndustrialMidwest

Principle Construction Completes 102,140 SF Spec Warehouse in Batavia, Illinois

by Kristin Harlow

BATAVIA, ILL. — Principle Construction Corp. has completed a new 102,140-square-foot warehouse on behalf of developer Midwest Industrial Funds at 1100 N. Raddant Road in Batavia. The project includes 97,040 square feet of warehouse space and 5,100 square feet of office space. The building features 10 dock positions, two drive-in doors, 125 car parking spaces, LED lighting and a clear height of 30 feet. Harris Architects provided design services.

Continue Reading
FacebookTwitterLinkedinEmail
IllinoisLeasing ActivityMidwestRetail

Midwest BankCentre Opens Loan Office in O’Fallon, Illinois

by Kristin Harlow

O’FALLON, ILL. — Midwest BankCentre has opened a loan office in O’Fallon near St. Louis. The new office serves both commercial and mortgage loan customers. Midwest BankCentre also serves the needs of businesses and nonprofits in southern Illinois, including dozens that received Paycheck Protection Program loans through the bank earlier this year. Due to COVID-19 restrictions, the bank is currently open by appointment only. Its location at 920 Talon Drive is situated near I-64. Midwest BankCentre employs a staff of about 280 workers at 18 bank locations around metro St. Louis. Orvin Kimbrough serves as chairman and CEO.

Continue Reading
FacebookTwitterLinkedinEmail
IllinoisIndustrialLeasing ActivityMidwest

Deibel Laboratories Relocates to 17,450 SF Space in Niles, Illinois

by Kristin Harlow

NILES, ILL. — Deibel Laboratories has purchased a 17,450-square-foot office and warehouse facility at 6150 Mulford St. in Niles, located about 15 miles northwest of downtown Chicago. The company, which serves the food diagnostics and personal care industries, is relocating from Lincolnwood. The new facility features 53 parking spaces and one truck dock. Nick Walby of Entre Commercial Realty represented Deibel while Chris Volkert of Colliers International represented the undisclosed seller. Deibel maintains 11 laboratories across North America.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIndianaMidwestRetail

Woodmont Begins Development of 10,759 SF Kiddie Academy in Westfield, Indiana

by Kristin Harlow

WESTFIELD, IND. — The Woodmont Co., a national developer specializing in retail, has begun development of a new 10,759-square-foot Kiddie Academy in Westfield near Carmel. Located at 1367 Waterleaf Drive, the school will offer full-time care as well as after-school programs and summer camps for children between six weeks and 12 years old. Three Colors Flag LLC will own and operate the property, which is slated for completion in spring 2021.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts