Ohio
Midwestern Governors Pledge Joint Effort to Reopen Region’s Economy
Illinois Gov. JB Pritzker and his counterparts in Michigan, Ohio, Wisconsin, Minnesota, Indiana and Kentucky said Thursday that they’ll work… Read more
Cedarwood Completes Construction of Orlando Self-Storage Facility
Fairlawn, OH-based Cedarwood Development completed construction of its first self-storage facility in the United States, a 787-unit, 117,000-square-foot property located… Read more
West Mobile Value-Add Apartments Trade for Nearly $21M
Park West, a 278-unit apartment community located in Mobile, AL, has traded hands for $20.5 million. Two Waters Capital Management… Read more
Investor Interest Turns the Midwest into a Multifamily Hot Spot
By Paul Bubny Few regions of the U.S. have seen quite the uptick of investor interest that the Midwest has… Read more
NKF Arranges $163M Debt for Arden’s Industrial Portfolio
NKF arranged a $163-million floating-rate loan for the Arden Group’s acquisition and recapitalization of a 12-asset industrial portfolio located in… Read more
Penn National Suspends Ops at Midwestern Casinos for 2 Weeks
Amid coronavirus concerns, Penn National Gaming said Friday it would temporarily suspend operations at its casinos in Illinois, Indiana and… Read more
Root Insurance Becomes Inaugural Tenant at 2625 at Chandler Freeway Crossing
Billion-dollar start-up auto-insurance company Root Insurance was the first to sign a lease in 2625 at Chandler Freeway Crossing, a… Read more
Englewood Renovates Cannabis Dispensary Near Medical District
Englewood Construction launched work on the renovation of a cannabis dispensary facility in Chicago for Custom Strains. Additionally, the commercial… Read more
Arch Street, VEREIT Add DHL Unit’s OH Headquarters
Arch Street Capital Advisors and VEREIT acquired DHL Supply Chain’s North American headquarters in Westerville, OH, near Columbus. Deal terms weren’t disclosed.… Read more
Chicago Ranks Third in U.S. for Construction Costs
Chicago’s the third most-expensive construction market in the U.S., behind New York City and San Francisco, JLL reported. The Midwest’s… Read more
Rubenstein, SCP Sign New Tenants at Cincy Offices
Philadelphia-based Rubenstein Partners and Indianapolis-headquartered Strategic Capital Partners (SCP) closed two new leases at 312 Plum St. in downtown Cincinnati. The leases… Read more
NorthMarq’s Frankel Arranges Debt on Industrial Flex in OH, IL
NorthMarq’s Chicago-based Jeff Frankel negotiated acquisition financing totaling $16.9 million for two industrial/flex office properties located in Des Plaines, IL… Read more
“One-of-a-Kind” NE Ohio Mfg. Facility Up for Sale or Lease
CBRE has been awarded the listing assignment for a 243,188 square-foot industrial facility outside Cleveland by client The Hampshire Companies… Read more
Apple Takes a Bite Out of Macy’s Office Space
Apple is joining Google and Facebook among tech giants with an expanding office presence on Manhattan’s West Side. The New… Read more
Fast Absorption of New Industrial Tempers Concerns About Oversupply
Developers completed construction of 289 million square feet of industrial and logistics real estate across the U.S. in 2019, but… Read more
Whirlpool Inks $179M Sale-Leaseback in Ohio, Tennessee
CBRE recently represented Whirlpool in a $178.9-million sale leaseback, which included 3.1 million square feet of industrial real estate consisting… Read more
ILPT Forms JV on 12-Property Industrial Portfolio
Industrial Logistics Property Trust (ILPT) formed a $680-million joint venture with an Asian institutional investor for a 9.2-million-square-foot portfolio of… Read more
S&P Cuts Macy’s Rating, Sees “Unique Challenges” Ahead
Standard & Poor’s Global Ratings cut the debt rating for Macy’s Inc. to junk status, saying the iconic retailer “faces… Read more
Signet Launches Resi Project on Cleveland’s East Side
Signet Real Estate Group has secured nearly $30 million in funding and broken ground on Axis at Ansel, a 163-unit… Read more