Midwest

Crain's Chicago Business An affiliate of Eaton Vance Real Estate Investment Group has bought the 72,500-square-foot Whole Foods Market at 3201 North Ashland Ave. in Chicago's Lakeview neighborhood for $70.9 million, or $977.93/sf. The Boston investment firm purchased the retail...

Commercial Property Exeutive Venture One Real Estate LLC has partnered with Kovitz Investment Group to buy a 488,571-square-foot industrial building in Batavia, Ill., for $21.2 million, or $43.39/sf. The venture purchased the property, on 27 acres at 601-605 Kingsland Drive,...

Multi Housing News North Park Ventures has bought a 91-unit apartment building at 2730-66 Hampton Parkway in the Chicago suburb of Evanston, Ill., for $17 million, or $186,813/unit. The seller was not disclosed. Interra Realty brokered the deal. The four-story...

Chicago Tribune Facebook has announced plans to develop a data-center project in DeKalb, Ill., about 60 miles west of Chicago. The five-building project is being planned for a 505-acre development site at the southeast corner of Gurler and Peace roads,...

Crain's Chicago Business KKR & Co. Inc. has bought an Amazon fulfillment center totaling 1.5 million square feet in Kenosha, Wis., for $176 million. The New York REIT purchased the two-building industrial property, at 3501 120th Ave. and 11211 Burlington...

Crain's Chicago Business Intercontinental Real Estate has bought the 111-unit Kelmscott Park Apartments in Lake Forest, Ill., for $54 million, or $486,486/unit. The Boston investment company purchased the property, at 145 Morris Lane, from Focus, a Chicago development company that...

Milwaukee Business Journal J. Jeffers & Co. is redeveloping the 36-acre site of the former Horlick Malted Milk Co. campus in Racine, Wis., into a residential project that will cost more than $100 million to complete. The Milwaukee developer acquired...

Kansas City Business Journal Community Buildings of Kansas City is planning to invest between $80 million and $100 million into a multi-phase mixed-use project in that Missouri city. The project, which is being called the Offices at Overlook, is being...

Milwaukee Business Journal Wangard Partners Inc. has sold the 1910 on Water Apartments in Milwaukee for $11.85 million, or about $174,265/unit. FPA Multifamily of San Francisco bought the 68-unit property, at 1910 North Water St., which was built in 2012....

Kansas City Business Journal Dot's Pretzel LLC has bought a 186,197-square-foot warehouse in the Kansas City suburb of Edgerton, Kan. CBRE brokered the deal. The sales price was not disclosed. The Velva, N.D., gourmet pretzel company plans to invest $15...

Crain's Chicago Business Midland Loan Services is offering for sale a two-building office property in suburban Chicago that it had taken through a deed-in-lieu of foreclosure last August. Frontline Real Estate Partners has listing for the property, Commerce Point I...

Minneapolis/St. Paul Business Journal Persaud Properties has paid $11.4 million, or about $116.33/sf, for Oaks Tech Center IV, a 98,000-square-foot flex-office property in Oakdale, Minn. The New Brighton, Minn., company purchased the building from Capital Partners of Edina, Minn., which...

Crain's Cleveland Business Beaty Capital Group has been tapped to develop a 19-story hotel that's been proposed for Cleveland's Midtown neighborhood. Dream Hotel Group, a New York hospitality company, will manage the 207-room property. If approved, work could start as...

Crain's Chicago Business Prominence Hospitality is offering for sale the 206-room Hyatt Rosemont hotel in the Chicago suburb of Rosemont, Ill. The Schaumburg, Ill., company is bring the eight-story property to market without an asking price. It had bought the...

Minneapolis/St. Paul Business Journal Oakridge LLC has filed plans to build a mixed-use project on the site of the Oak Ridge Hotel and Conference Center in Minneapolis. The project is being planned for a 66-acre site along State Highway 41...

Minneapolis/St. Paul Business Journal Oakridge LLC is planning to develop a mixed-use project in the Minneapolis suburb of Chaska, Minn. The development is being planned for a 66-acre site along State Highway 41, near Big Woods Lake. The site is...

Minneapolis/St. Paul Business Journal Kraus-Anderson Inc. is planning to build a 220-unit apartment building in St. Paul, Minn. The six-story project is being planned for the site of the former U.S. Bank building at 2383 University Ave. West. It also...

Milwaukee Business Journal Zilber Property Group is adding a fourth industrial building to its Germantown Corporate Park in suburban Milwaukee. The 146,000-square-foot project, which is being developed speculatively, is going up on a 10-acre site at the business park, at...

Crain's Chicago Business Rampante Realty once again is offering for sale 401 South State St., a vacant 487,022-square-foot office building in downtown Chicago. The Tampa, Fla., company first brought the property to market in February 2019. HFF had the listing. This...

Crain's Chicago Business A venture led by Deka Immobilien, a German real estate investment firm, has paid more than $85 million, or about $867.35/sf, for a 98,000-square-foot office building at 905 West Fulton Market in Chicago. Thor Equities of New...

Minneapolis/St. Paul Business Journal The University of Minnesota is said to have proposed buying the 121-unit Classic City Apartments in Minneapolis. The college would pay $25 million, or about $206,612/unit, for the five-building property, at 1015 Essex St. SE, near...

Charlotte/Raleigh CityBizList Grandbridge Real Estate Capital has arranged $35.44 million loan against The Arrow Apartments, a 199-unit property in Minneapolis. The Charlotte, N.C., subsidiary of Truist Bank arranged the financing through one of its credit union relationships. The fixed-rate loan...

Minneapolis/St. Paul Business Journal MV Ventures is developing a 261-unit apartment property in the Minneapolis suburb of Eagan, Minn. Work on the two-building property is expected to start in June. Plans include a clubhouse with a fitness center, bowling alley...

Crain's Cleveland Business The Solomon Organization has acquired a portfolio of five apartment properties with a total of 1,203 units in Northeast Ohio. The Fairfield Residential unit of Brookfield Asset Management sold the portfolio. The purchase price was not disclosed,...