Adolfson & Peterson Construction wraps construction of Scholars Den at SMU
REJournals
by Dan
1h ago
Adolfson & Peterson Construction recently completed the Clements Hall Scholars Den renovation on the campus of Dallas’ Southern Methodist University (SMU). The Scholars Den supports the SMU Honors and Scholars community. AP renovated 6,411 square feet of space including the lobby areas, office spaces, study rooms, meeting rooms and a lounge area. The renovation provides interior upgrades, enhancements and improvements to ensure the space fosters academic growth and technological functionality. AP’s scope involved a comprehensive transformation, including installing new decorative metal pan ..read more
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CBRE takes on leasing duties at Chicago’s 77 West Wacker Drive
REJournals
by Dan
3h ago
CBRE has been awarded the exclusive leasing assignment at 77 West Wacker Drive, a 50-story 959,258-square-foot trophy office tower in Chicago situated along the Chicago River. CBRE’s Michael Kazmierczak, Kelsey Scheive, and Aaron Schuster will market the building on behalf of ownership. Ownership has committed to enhancing the existing amenity offering with the addition of a new full floor of amenities within 77 West Wacker comprising of a social bar and lounge overlooking the Chicago River, 150+ person multi-purpose event and meeting space, and wellness center. Built in 1992 and designed by D ..read more
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PARADIGM Real Estate, Boerke Company close 32,000-square-foot warehouse sale in West Milwaukee
REJournals
by Dan
3h ago
Straight Arrow Holdings, LLC purchased a 32,000-square-foot industrial warehouse on 2.31 acres at 4603 W. Mitchell St. in West Milwaukee, Wisconsin. The property will be used for an expansion of Davis Seasonal Maintenance and Premier Landscape Products, which occupy an adjacent property. Matt Friedman of PARADIGM Real Estate represented the buyer and Dave Ferron and Kevin Riordan of The Boerke Company represented the Seller, Hollinger Commons, LLC in the transaction ..read more
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Michigan’s Friedman Real Estate adds chief operations officer
REJournals
by Dan
4h ago
Friedman Real Estate has added Jonathan Zacharias as chief operations officer. Zacharias will be based out of the Farmington Hills headquarters in Michigan. In the role of chief operating officer, Zacharias will work with the leaders of Friedman’s operating business to assist them with developing long-term growth plans for their units and to ensure that they have appropriate people, resources, systems, and policies in place to enable the orderly growth of those units. Zacharias has held a variety of leadership roles in operations and strategy over nearly 20 years across real estate, hospi ..read more
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The 50 largest office sales of 2023: How many were in the Midwest?
REJournals
by Dan
7h ago
Last year was a tough one for the U.S. office market. That doesn’t mean, though, that the sector didn’t see its share of big deals. And some of those deals? They took place in the Midwest. CommercialEdge recently ranked the 50 largest office transactions of 2023. And when CommercialEdge says “largest,” it means most expensive, ranking its top-50 office deals by sales price, not square footage. So which office sale topped the list last year? Italian fashion house Prada purchased two Wharton Properties buildings on Fifth Avenue in Manhattan for $822 million in December of last year. The properti ..read more
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Minneapolis’ Centra Capital Partners launches inaugural project
REJournals
by Dan
19h ago
Minneapolis-based Centra Capital Partners recently announed its inaugural project, The Meadows at Hugo, is now open to the first wave of fundraising. Centra Capital Partners is designed to provide investors unique opportunities to invest in individual real estate projects with an initial focus on residential housing in the Minneapolis area. The Meadows at Hugo is in a growing community just outside the Minneapolis-St. Paul metro in Hugo, Minnesota. It includes an 87-lot single-family home ground-up development offering quality schools, abundant open spaces, paved trails and numerous lakes. Wit ..read more
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NAI Greywolf closes pair of leases in Brookfield office center
REJournals
by Dan
23h ago
Matt Hock, a senior advisor with NAI Greywolf, represented the landlord in two office leases at Executive Center V in Brookfield, Wisconsin. Located at 300 N. Executive Drive in Brookfield, the first lease was to Heuer Law Offices, S.C. The lease was for 3,074 square feet over a term of more than five years. The second lease was to Common Ground, Inc. The company, a healthcare insurance company, leased 19,675 square feet at the property. The combined leases total more than 22,500 square feet within the office building ..read more
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Bernard Financial Group provides $4.2 million in financing for Sterling Heights apartment building
REJournals
by Dan
1d ago
Bernard Financial Group arranged a $4.2 million permanent life insurance company loan for a 231-unit multifamily property in Sterling Heights, Michigan. The borrower is One Durham Limited Partnership. The loan was originated by Dennis Bernard and Joshua Bernard. The lender, Symetra Life Insurance Company, is a correspondent of BFG. BFG will provide servicing for this loan ..read more
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CBRE, Aquila to market 208,560-square-foot cold-storage building in Hutton
REJournals
by Dan
1d ago
Titan Development and the Sansone Group have engaged CBRE and Aquila to market a 208,560-square-foot speculative cold storage industrial building within Innovation Business Park in Hutton, Texas. The state-of-the-art facility will have temperature capability from 40° to -20°, 50’ freezer clear heights, and is slated to break ground in Q2 of 2024. CBRE’s Jason Lev and Jimmy Kowalczyk and Aquila’s Omar Nasser will market the opportunity on behalf of Titan Development and Sansone Group. Located 30 minutes north of Austin, the property is situated in one of the fastest-growing cities in Texas, wit ..read more
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Colliers closes 141,100-square-foot lease in Cypress distribution center
REJournals
by Dan
1d ago
84 Lumber, the nation’s largest privately held supplier of building materials, has signed a 142,100-square-foot long-term lease in the Barker Cypress Distribution Center at 12020 Barker Cypress Road in Cypress, Texas. The landlord, Molto Properties, was represented by Wes Williams of Colliers and Conrad Bernard of Boyd Commercial.  Barker Cypress Distribution Center is a new Class-A distribution building in Northwest Houston with 142,100 square feet of space on 11.92 acres. It has frontage on both Barker Cypress and Highway 290. Williams and Bernard helped the Molto team acquire the land ..read more
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