Indiana
Multifamily REITs Independence, Steadfast Strike $7B Merger Agreement
Independence Realty Trust, Inc. (IRT) and Steadfast Apartment REIT, Inc. (STAR) said Monday afternoon that they had agreed to merge, with… Read more
Pangea Gives Back to Neighborhoods Through Community Service
Chicago-based Pangea Properties spent the month of June giving back to several of the Chicago neighborhoods in which the company owns and… Read more
Three NNN Inpatient Rehabs Go for Nearly $90M
Three absolute triple-net-leased inpatient rehabilitation facilities (IRFs) recently sold for $86.8 million. Birmingham-based Medical Properties Trust Inc. purchased Cobalt Rehabilitation… Read more
Parkview Provides Bridge Loan on Stabilizing Retail Center in Suburban Indy
Parkview Financial provided a $34-million bridge loan to Metropolis Lifestyle Center, LLC, an entity of Poag Shopping Centers, for the refinance… Read more
Transwestern Investment Group Divests Multimarket Industrial Portfolio
Transwestern Investment Group (TIG) has sold a 10-building, 2.9 million-square-foot industrial portfolio on behalf of its discretionary investment fund, TSP Value… Read more
Bellwether Closes Four Affordable Housing Loans
Bellwether Enterprise Real Estate Capital LLC, the commercial mortgage banking subsidiary of Enterprise Community Investment Inc., recently closed four loan… Read more
Sale of Hobby Lobby-Anchored Center Highlights Demand Resurgence
Hanley Investment Group Real Estate Advisors arranged the sale of Lake Park Plaza, a 114,867-square-foot shopping center anchored by Hobby… Read more
Marcus & Millichap Closes Self-Storage Deal in Northwest IN
Marcus & Millichap finalized the sale of Econo Self Storage Portfolio, a 114,280-square-foot self-storage property in Cedar Lake, IN. Terms of the sale weren’t disclosed.… Read more
TWG to Develop Multifamily in Fast-Growing Indianapolis Suburb
TWG will develop the multifamily component of the Chatham Hills master development with a $41-million apartment complex northeast of Grand Park… Read more
NAI Hiffman Secures WELL Health-Safety Rating for 15-Building Portfolio
NAI Hiffman has secured the WELL Health-Safety Rating for 15 office buildings under its management. Fourteen of the properties are located… Read more
Ivanhoé Cambridge and Mount Auburn Multifamily Form Investment JV
Ivanhoé Cambridge and Mount Auburn Multifamily have formed a programmatic joint venture to invest in preferred equity for ground-up multifamily… Read more
Big Red Liquors Expands into Fort Wayne with Cap n’ Cork Acquisition
Big Red Liquors, reportedly the largest package liquor store chain in Indiana, will acquire the Cap n’ Cork chain of retail liquor stores… Read more
Fastest Labs Accelerates Development Efforts
With a heightened demand for services, Fastest Labs has accelerated development efforts with the goal of reaching 100 signed agreements… Read more
Opus, Clarion Launch Spec Industrial NE of Indianapolis
The Opus Group launched construction on two speculative industrial buildings at Point 70 Logistics Park in Mount Comfort, IN, about 15 miles northeast… Read more
Berkadia Lines Up Acquisition Loan for Indiana Student Housing
Berkadia recently secured financing for The Annex of New Albany, a student housing property in New Albany, IN, near Louisville.… Read more
Newly Launched Stotan Industrial Will Focus on Acquisition and Development
Chicago real estate executive Jim McGill, SIOR, has launched his newest venture, Stotan Industrial, a private investment firm specializing in the acquisition… Read more
HSA Signs Tenants at Spec Warehouses in Two States
Chicago-based HSA Commercial Real Estate executed a pair of industrial leases totaling nearly 144,000 square feet at its speculative warehouse developments in Plainfield, IN and… Read more
Stream Realty Chicago Lands 4.7M-SF Management Assignment
The Chicago office of Stream Realty Partners has been awarded the property management of a 4.7-million-square-foot Midwest portfolio, totaling 76 properties and… Read more
McKinley Packaging Takes Industrial Space in SE LA
A 102,516-square-foot industrial building in Southeast Los Angeles is now fully leased up with the signing of McKinley Packaging. The… Read more