News Brief

MichiganMultifamily

RHP Properties buys pair of manufactured housing communities in Detroit market

RHP Properties recently acquired two communities in Canton Township, Michigan, bringing the company's total of manufactured home communities to 225 across the nation.

MinnesotaNet Lease

Marcus & Millichap sells auto parts store in Minneapolis

Marcus & Millichap recenty closed the sale of a 7,500-square-foot O'Reilly Auto Parts net-leased property in Minneapolis. The propery sold for $2.158 million.

M&R Development celebrates opening of rental building in Itasca

M&R Development opened The Residences at Hamilton Lakes Business Park in Itasca, Illinois.

Meridian completes speculative project in Bartlett, Illinois

Meridian Design Build recently completed construction on a 421,403-square-foot speculative industrial building for Exeter Property Group in Bartlett, Illinos.

Survey: CRE industry bets on predictive analytics, big data tech

Technology is advancing in commercial real estate and its only a matter of time before new opportunities take hold of the industry, according to the…

MichiganOffice

Friedman sells 29,000-square-foot office building in Detroit

Friedman Integrated Real Estate Solutions recently sold a 29,900-square-foot office building at 17330 Greydale Ave. in Detroit at auction.

CBRE helps close sale of 118,000-square-foot office building in Indianapolis

The Woodland Corporate Park VII office building in Indianapolis has been acquired by Alidade Capital WCP VII, LLC. CBRE has been awarded the leasing assignment…

MinnesotaHealthcare

USAA Real Estate, HSA PrimeCare buy 45,000-square-foot MOB in Minnesota

The joint-venture equity fund established by USAA Real Estate and HSA PrimeCare recently acquired a 45,722-square-foot medical office building in Plymouth, Minnesota.

WisconsinCRE

Wisconsin’s R.A. Smith National names new president

Richard A. Smith, Jr. will take over the role of president of Brookfield, Wisconsin-based engineering firm R.A. Smith National as of Jan. 1 of next…

HFF closes $17M sale, arranges $15M financing for office building in suburban Chicago

HFF closed the $17.915 million sale and arranged $15.72 million financing for 6400 Schafer Court, a 179,442-square-foot, transit-oriented office building in Rosemont, Illinois.