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COLUMBUS, OH-The company appoints vice presidents to head up groups for commercial property and multifamily loans. Wilfrid J. Gallant, Richard D. Stearns and Andrew E. Kerr get promotions.
CHICAGO-Plan commissioners recommend city council approval of a 357-unit condominium, 100,000-sf retail project at the southeast corner of Randolph Street and Wabash Avenue. Construction could begin Nov. 1.
MUNDELEIN, IL-A 10-month study by Camiros Ltd. recommends redevelopment scenarios for large tracts of land at the crossroads of central Lake County. More than $10 million in infrastructure is necessary to make it reality.
OAK BROOK, IL-Inland Retail Real Estate Trust buys three PetsMart stores in Chattanooga, TN; Daytona Beach, FL and Fredericksburg, VA for just under $10 million in sale-leaseback deals. The REIT now has a $230-million portfolio.
CHICAGO-Work is just beginning on the $58.4-million, 436,224-sf Chicago International Produce Market to replace historic but obsolete South Water Market. So is talk of expansion, even though ground has just been broken.
MADISON, WI and INDIANAPOLIS, IN-The 116-unit Heather Valley multifamily project in Madison sells for $6.45 million while the 73,000-sf Geist Shopping Center in Indianapolis gets a new owner after $5 million is exchanged.
CHICAGO-Builders Bank's Chairman and CEO Michael Winter is aiming to loan $300 million to entrepreneurial real estate developers before year's end. He ran a $1-billion portfolio at First Bank/Illinois.
RIVER GROVE, IL-Bazaar Inc. leases 85,457 sf at Suburban Financial Management's 1810 N. 5th Ave. in this west suburb of Chicago, a block from its 295,000-sf. The space will be used by company business now in Bellwood.
MADISON, TN-Sealed bids are due July 17 for the net-leased property generating $1.057 million. One of the largest employers in the Nashville market has another 12 years on its lease for 528,840 sf of distribution and warehouse space.
CHICAGO-The recommendation from the Commission on Chicago Landmarks would affect a $60-million renovation of Medinah Temple and Tree Studios, which also would bring a Bloomingdale's Home Store.