Skip to contentBeech Street Capital LLC has announced that it provided $2.2 billion in multifamily financing, more than doubling its record-breaking performance in 2010, its first year. “This was really a breakthrough year for us,” said Grace Huebscher, Beech Street’s president and CEO. “The word is clearly getting out among borrowers that Beech Street is committed to providing … Read more
As the Midwest Energy Solutions Conference gets into full swing this week, Chicago’s The Weidt Group debuted the ECOnirman Whole Building Performance Tool, a Web-based simulation tool for energy code compliance with implications for the U.S. market. The Weidt Group, with funding from USAID, developed the tool, which assists building designers and developers in demonstrating … Read more
ACCO Brands Corp., a global supplier of branded office and computer products, has leased 189,092 square feet of office space at 4 Corporate Drive within Kemper Lakes Business Center in Long Grove. The new lease relocates the firm’s world headquarters from its current location at 300 Tower Parkway in Lincolnshire and increases its total square … Read more
New leases and tenant expansions led to a net absorption of 58,615 square feet last year in the Parkville Commercial Underground in Parkville, Mo. In August of 2010, Park University retained Hakes Real Estate to market and lease the vacant space in its 1-million-square-foot Parkville Commercial Underground. At the same time, Martin Properties became the … Read more
Six months after the beginning of construction on the new Froedtert Health Medical Group-Menomonee Falls Clinic in Menomonee Falls, Wis., Ryan Companies US, Inc. has reached the “fully-enclosed and water-tight” milestone in the construction and development process. The Menomonee Falls Clinic, at the northeast intersection of Town Hall Road and Custer Lane, is a five-story, … Read more
Chicago’s MB Real Estate recently promoted Krysta Bavlsik to assistant vice president of its investment services team. Bavlsik, who previously served as the manager of the firm’s research team, will assist with a myriad of services, including Argus and Excel modeling and property valuation for dispositions, acquisitions and developments. With the move, Jack Gavin was … Read more
Walker & Dunlop celebrated an improved year in 2011. According to a press release from the company, Walker & Dunlop recorded a loan origination volume of $4 billion during the year, with many of those dollars going to fund projects in the Midwest. That’s an increase of 27 percent from the loan origination volume that … Read more
Minneapolis-based CSM Corporation recently completed two sizeable leases in the Ridgedale, Minn., trade area at Bonaventure, a shopping center that now boasts nearly 90 percent occupancy. Marshalls has leased 25,931 square feet in the former site of Linens and Things, with construction already underway and an opening date targeted for Spring 2012. Destination XL, a … Read more
Months after it was retained as exclusive agent, Podolsky Northstar CORFAC International has negotiated the sale of two mortgage notes that are secured by the property formerly known as the Purple Hotel in Lincolnwood. The value of the transaction was undisclosed. North Capital Group, a holding entity for two local investment and management firms, acquired … Read more
Harrison Street Real Estate Capital LLC has announced the launch of Harrison Street Core Property Fund L.P., the first open-end core fund dedicated exclusively to investing in the demographically driven education, healthcare and storage segments of the real estate market. The fund will seek to acquire stabilized, income producing properties in the student housing, senior … Read more