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ITASCA, IL-Caron Inc. buys 225 Spring Lake Dr., a building on 3.75 acres in the Spring Lake Industrial Park in this western suburb of Chicago. The building is 100% leased to a single tenant for 15 years.
HOFFMAN ESTATES, IL-The retailer grabs 18 stores and 10 auto centers from one of its former competitors, bankrupt Montgomery Ward. About 25% of the Ward's portfolio has been sold off.
CHICAGO-The "wealth effect" hasn't overflowed from a tumbling stock market to kill the real estate market, but there is that threat. However, if there is an economic downturn coming, the real estate market is good shape.
CHICAGO-AMLI Residential says it has stabilized two apartment complexes. Occupancy is 94% at 352-unit AMLI at Park Bridge in north Fulton County and 92% at 276-unit AMLI at Castle Creek in Indianapolis.
ROSEMONT, IL-Top producers at Colliers Bennett & Kahnweiler Inc. are going on an all-expenses-paid vacation at the Ritz Carlton - Rose Hall in Montego Bay, Jamaica. They earned membership in the 2000 Everest Club.
MILWAUKEE-A harsh winter offsets a strong showing by Marcus Corp.'s theater operations in the quarter ending Feb. 22. Baymont Inns and Suites feel the effects of increased costs for fuel and for battling the elements.
CHICAGO- Capri/Capital Advisors LLC arranges $11.28-million refinancing for 352 units in Lancaster, PA and a $9.6-million mezzanine loan to a subsidiary of Prime Residential LLC for complexes in Dallas, Denver and Orlando.
TINLEY PARK, IL-Harbor Tool Manufacturing, Inc. moves into an 85,900-sf build-to-suit here. Construction of the building at 8300 W. 185th St. is completed by Bannockburn, IL-based Principle Construction Corp. in 120 days.
CHICAGO-Despite vaults of available capital, lenders are taking cautious approaches to deals, members of the Real Estate Investment Association are told at the annual capital and finance market update.
FARMINGTON HILLS, MI-Malan Realty Investors, Inc. and Grand/Sakwa Acquisitions, LLC team up to redevelop a prime 90-acre site in this Detroit suburb. Phase I includes up to 370,000 sf of retail space.