Regions Midwest
220-Acre Mixed-Use in Works Near University of Missouri
Aug. 20, 2008
A 220-acre parcel near the University of Missouri's Discovery Ridge research park in Columbia is on tap to sprout a gargantuan mixed-use project.
Elk Crossing Shopping Center Sold in Chicago Suburb
Aug. 19, 2008
Mid-America Real Estate Corp.'s Investment Sales Group of Oakbrook Terrace, Ill., announced the sale of Elk Crossing, a 121,507-square-foot grocery-anchored shopping center in Elk Grove Village, a northwest suburb of Chicago.
Chrysler to Expand Detroit Plant with 285,000-SF Addition
Aug. 15, 2008
Chrysler L.L.C. has announced that it will develop a 285,000-square-foot building at its Jefferson North Assembly Plant in Detroit as part of its planned $1.8 billion investment in new vehicle programs.
Cordish, Kansas Speedway Propose Hard Rock Hotel, Casino
Aug. 15, 2008
Kansas Entertainment L.L.C., a joint venture between The Cordish Co. and Kansas Speedway, has just presented its plan for a Hard Rock Hotel & Casino at the Kansas Speedway track in Kansas City, Kan., to the state's Racing and Gaming Commission. The team is proposing the creation of a 1.5 million-square-foot gaming resort with a development price tag of $700 million.
ProLogis, Browning JV Leases 947,000 SF at AirTech Park
Aug. 14, 2008
ProLogis and Browning Investments Inc., an Indianapolis-based developer of commercial real estate, have announced that their joint venture has signed a new lease agreement for 947,000 square feet near Indianapolis, Ind.
First Industrial, CalSTRS Break Ground in Master-Planned Minneapolis Industrial Park
Aug. 13, 2008
First Park Lakeville, First Industrial Realty Trust Inc.'s 1.4 million-square-foot master-planned industrial park in suburban Minneapolis, will soon get a new tenant, now that the developer has broken ground on a 285,000-square-foot distribution center for Uponor North America. Located in Lakeville, Minn., about 25 miles from Minneapolis, the 140-acre First Park is a project of First Industrial's development and repositioning joint venture with public pension fund California State Teachers' Retirement System.
Jones Lang LaSalle, TR Advisors to Manage Chicago Transit Authority RE
Aug. 12, 2008
The Chicago Transit Authority selected Jones Lang LaSalle Inc. in partnership with TR Advisors to manage certain of its real estate assets.
Pinnacle Picks Contractor for $375M St. Louis Casino Project
Aug. 12, 2008
Pinnacle Entertainment Inc. takes a big step forward with the development of River City, its planned casino project in suburban St. Louis, Mo., as it taps Yates/Paric to serve as general contractor. Yates/Paric, a joint venture involving W.G. Yates & Sons Construction and Paric Corp., will operate under a contact valued at approximately $149 million for River City, the first phase of which carries a development price tag of $375 million.
Alter_Bill Chicago Development Patriarch Alter Dies at 78
Aug. 11, 2008
William Alter, founder of the Alter Group, one of the largest development firms in the nation, died Friday of complications from pneumonia. Alter, who was 78, also suffered from Alzheimer's for several years before his death. Though in the 1990s he turned over the day to day operations of the Alter Group to his son, Michael Alter, the senior Alter retained the titles of chairman & CEO of the Skokie, Ill.-based firm.
Macy's to Join Idaho Gateway Center
Aug. 07, 2008
Developers Diversified Realty has has announced that Macy's will occupy an anchor position at Nampa Gateway Center, a 968,000-square-foot, open-air shopping center in Nampa, Idaho, a western suburb of Boise.
Cape Horn Group Buys Chicago Office Building
Aug. 01, 2008
KBS Realty Advisors has sold 205 W. Wacker, an office building located at the corner of W. Wacker Drive and Wells Street in Chicago's Central Loop business district.
Chicago Merger Introduces Jameson Real Estate
Aug. 01, 2008
Christopher Feurer, the principal of the Feurer Cos. and Michael Sato, his partner in CRF Marketing, the sales and marketing arm of the company, are joining forces with the principals of the Jameson Realty Group and Chicago real estate developers Steven Golovan, Charles Mudd and John Lally to create a new brokerage powerhouse known as Jameson Real Estate L.L.C.
Pfizer's Plymouth Township Building Selected for New Life Science Hub
Aug. 01, 2008
The 57,500-square-foot building in Plymouth Township that was once a Pfizer laboratory is being eyed by a group of organizations--including the Michigan Economic Development Corp., Ann Arbor SPARK, the Greater Wayne Economic Development Corp. and a private foundation--for the site of the new Life Science and Innovation Center.
Central Grocers Breaks Ground on New Headquarters in Joliet
July 31, 2008
Central Grocers Inc. broke ground on its new headquarters building in Joliet, Ill. The 934,490-square-foot building is the largest freezer cooler building slated for construction in the United States this year.
W. P. Carey Buys Kendall College's Chicago Riverworks Campus
July 30, 2008
W. P. Carey & Co. L.L.C. said today that its publicly held non-traded REIT affiliate acquired Kendall College's Riverworks Campus on Chicago's Goose Island.
Joliet City Council Approves CenterPoint Intermodal
July 30, 2008
The Joliet City Council approved an integrated logistics center in Joliet, Ill., that will create as much as $765 million in annual economic output for Will County.
Bascom Acquires Denver-Area M-F for $60M
July 29, 2008
The Bascom Group has acquired Gleneagles Apartments, a 562-unit property in Northglenn, Colo., a northern suburb of Denver, for $60.8 million. The seller was Principal Life Insurance Co.
Suburban KC Lifestyle Center Changes Hands
July 28, 2008
Arciterra Group L.L.C. has acquired a lifestyle shopping center in Olathe, Kan., for $29.3 million from Maefield Development Corp. The 289,400-square-foot property, Olathe Pointe, opened in 2006, but is not completely built out.
Vehicle Developer Finds a 37,500SF Home in Suburban Detroit
July 25, 2008
The automotive industry in Detroit may be battered but it's not beaten. U.K.-headquartered Gibbs Technologies, a globally recognized developer of high-speed vehicles for consumer and military use, has chosen a property in Auburn Hills as the home of its new North American headquarters.
60,000SF Build-to-Suit Office Planned at 500-Acre Mixed-Use Project in Aurora
July 25, 2008
Development and construction firm Lauth has formed a joint venture with Lend Lease Communities to erect a 60,000-square-foot office building at Horizon Uptown, a 500-acre mixed-use development in Aurora, about 15 miles from Denver, Colo.
Turnkey Office Provider Opens 15,000SF Center in Cherry Creek
July 25, 2008
The Regus Group has leased 15,000 square feet at 100 Filmore Street in Cherry Creek, Colo., to house its newest turnkey office center.
Las Vegas Sands Puts Kibosh on Kansas Casino Proposal
July 23, 2008
Ten months after submitting a proposal to the Unified Government of Wyandotte County/Kansas City for the development of a $750 million resort casino, Las Vegas Sands Corp. has taken itself out of the game with the abandonment of its bid for a gaming license in Kansas.
Detroit Industrial Market Remains Strong
July 23, 2008
According to the Midyear 2008 National Industrial Report by Marcus & Millichap, industrial property operations in Detroit will be challenged this year, even as restructuring efforts by the Big Three automakers are beginning to ease, and the metro is projected to shed fewer positions than during each of the past two years.
Magellan Development Launches Magellan Project Services
July 22, 2008
Magellan Development Group, a Chicago-based  residential developer, has created a consulting service – Magellan Project Services – to assist financial institutions coping with development challenges or underperforming assets in the current difficult real estate environment.
 
Chicago
Elk Crossing Shopping Center Sold in Chicago Suburb
Aug. 19, 2008
Mid-America Real Estate Corp.'s Investment Sales Group of Oakbrook Terrace, Ill., announced the sale of Elk Crossing, a 121,507-square-foot grocery-anchored shopping center in Elk Grove Village, a northwest suburb of Chicago.
Jones Lang LaSalle, TR Advisors to Manage Chicago Transit Authority RE
Aug. 12, 2008
The Chicago Transit Authority selected Jones Lang LaSalle Inc. in partnership with TR Advisors to manage certain of its real estate assets.
Alter_Bill Chicago Development Patriarch Alter Dies at 78
Aug. 11, 2008
William Alter, founder of the Alter Group, one of the largest development firms in the nation, died Friday of complications from pneumonia. Alter, who was 78, also suffered from Alzheimer's for several years before his death. Though in the 1990s he turned over the day to day operations of the Alter Group to his son, Michael Alter, the senior Alter retained the titles of chairman & CEO of the Skokie, Ill.-based firm.
MORE MIDWEST CHICAGO HEADLINES
 
Detroit
Chrysler to Expand Detroit Plant with 285,000-SF Addition
Aug. 15, 2008
Chrysler L.L.C. has announced that it will develop a 285,000-square-foot building at its Jefferson North Assembly Plant in Detroit as part of its planned $1.8 billion investment in new vehicle programs.
Pfizer's Plymouth Township Building Selected for New Life Science Hub
Aug. 01, 2008
The 57,500-square-foot building in Plymouth Township that was once a Pfizer laboratory is being eyed by a group of organizations--including the Michigan Economic Development Corp., Ann Arbor SPARK, the Greater Wayne Economic Development Corp. and a private foundation--for the site of the new Life Science and Innovation Center.
Vehicle Developer Finds a 37,500SF Home in Suburban Detroit
July 25, 2008
The automotive industry in Detroit may be battered but it's not beaten. U.K.-headquartered Gibbs Technologies, a globally recognized developer of high-speed vehicles for consumer and military use, has chosen a property in Auburn Hills as the home of its new North American headquarters.
MORE MIDWEST DETROIT HEADLINES
 

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