CHICAGO-CB Richard Ellis Group Inc. has promoted Jack Durburg promoted to president of the company’s newly formed Central Division, and Chris Connelly has been promoted to succeed Durburg as executive managing director and Chicago area market leader. In his new role, Durburg will direct a new geographical division encompassing more than 25 offices in nine states, with responsibility for all lines of business. Durburg joined CBRE from Jones Lang LaSalle in June 2001 as a managing director and member of the Chicago leadership team. Connelly is a 15-year veteran of commercial real estate, and has been at CBRE since 2004. The new Central Division will comprise offices in the following local market areas: Chicago, Detroit, Indianapolis, Kansas City, Milwaukee, Minneapolis, Ohio (all markets), Pittsburg, St. Louis and Texas (all markets) as well as affiliate offices throughout the region.

CENTRALIA, IL-An $8.6 million HUD Lean Loan arranged by Cambridge Realty Capital Cos. has refinanced Centralia Manor, a 120-bed skilled care nursing home here. Cambridge Chairman Jeffrey Davis said in a statement that the fully-amortized, 35-year term first mortgage loan was arranged for the owner, an Illinois LLC. The interest rate was not disclosed.

ELGIN, IL-Arthur J. Rogers & Co., a partner in The CORE Network, announced that Senior Associate Chris Zannis recently completed three leases within Rogers Business Parke-Elgin. Nationwide Appraisals leased 2,900 square feet of office space at 2521 Technology Dr. Steven Goldstein with Chicagobroker.com represented Nationwide Appraisals. Zannis also completed an industrial lease renewal and expansion totaling 7,800 square feet at 2531 Technology Dr. within the Parke to Linear Industries. The tenant was self-represented. Zannis also completed a 1,800-square-foot new office lease to the McCarthy Group on behalf of ownership. The tenant was self-represented in the transaction. Situated within Northwest Corporate Park at Technology and Vantage drives, the park is a development consisting of four buildings totaling 232,000 square feet.

BOLINGBROOK, IL-UGL Limited has represented Southern Prosthetic Supplies Inc., a distributor of orthotic and prosthetic devices and a subsidiary of Hanger Orthopedic Group, in the 44,67-square-foot lease of warehouse space for its new Midwestern distribution center at 386 Internationale Dr. here. Daniel Rasmussen and Tim Cahill with UGL negotiated a long-term lease for SPS in the Crossings Business Center, a Class A, multi-tenant warehouse building constructed in 2000 and situated in the heart of the I-55 Industrial Corridor. Michael Dolan with ML Realty Partners represented the owner.

INDIANAPOLIS-Belden Inc. has leased 30,644 square feet at Meridian Corporate Plaza One on the north side of Indianapolis. The building, at 401 Pennsylvania Parkway, was built in 1989. The lease term is 126 months. Andrew Martin and Bennett Williams with Cassidy Turley represented the tenant. The landlord, MCP Partners One LLC, was represented by John Robinson and Adam Broderick with Jones Lang LaSalle.

INDIANAPOLIS-Red Mortgage Capital, a subsidiary of Orix USA Corp., has arranged loan refinances for a trio of seniors housing communities in Indiana. Three separate loan applications were processed to secure non-recourse FHA insured financing in the amounts of $2.3 million for Home Place, a 60-unit age-restricted community located in Indianapolis; $3.8 million for Sanders Glen, a 111-unit licensed assisted living community located in Westfield; and $7.7 million for Morning Breeze, an 18-unit independent living/30-unit licensed assisted living/48-unit skilled nursing facility located in Greensburg. The financings were completed for American Eagle LifeCare Corp. American Eagle originally had acquired the three communities in 2005 using tax-exempt and taxable bond proceeds totaling $13.9 million and subordinate tax-exempt bonds in the amount of $3.2 million. As a result of the recent refinancing, the prior bonds were paid off and replaced by the long term FHA debt with sub-4.5%, 30-year financing on the properties.

CINCINNATI-Regency Centers has leased retail space to two retailers here at Hyde Park Plaza. Primary healthcare clinic Doctors Express has leased 3,474 square feet and Orange Leaf Frozen Yogurt has leased 2,406 square feet, bringing the center to 96% leased. Both tenants are slated to open this fall. Doctors Express was represented by Edge Real Estate Group and Orange Leaf Frozen Yogurt by Midland Atlantic Development Co. The 396,861 square foot shopping center is anchored by Kroger and Biggs alongside national retailers such as Michaels, Massage Envy, Panera Bread, Starbucks and Staples. The center is at 3760 Paxton Rd.

BELLEFONTAINE, OH-Birmingham, MI-based Dietz Property Group has completed the acquisition of DeerCreek Village Apartments, a 100-unit apartment community here. The property was purchased for $2.8 million and secured with a non-recourse Fannie Mae loan. The loan has a 15-year term. The seller, based in Columbus, OH was the original developer. The property, built in 1995, was developed as a tax credit deal and the first 15-year period expired in the beginning of 2011. The property is now in an extended-use period allowing 35% of the units to become market rate. The property was 98% occupied upon acquisition. Scott Seltzer with Dietz said in a statement that his firm is seeking other multifamily opportunities around Columbus.

ST. LOUIS- Gov. Jay Nixon and BRDG Park President Sam Fiorello have announced an international addition to the roster of plant science tenants at the BioResearch and Development Growth Park at the Danforth Plant Science Center. SyMyco, is a subsidiary of Symbiotic Sciences, which is headquartered in New Delhi, India and is a joint venture partner with Mycorrhizal Applications Inc. SyMyco, which has leased 1,800 square feet, expects to employ more than 80 people within the next five years. Building I, which opened in June 2009, is a 110,000-square-foot facility, featuring wet laboratories and office space, an incubator and on-site workforce development and training. The park will ultimately include three buildings and encompass 450,000 square feet, and is being developed by Wexford Science+Technology LLC.

KIRKWOOD, MO-David Garfinkel, SVP and managing director with NorthMarq, recently arranged arranged permanent financing for Kirkwood Bluffs, a 412-unit multifamily community at 1157 Timberbrook Dr. here. Financing was based on a 10-year term and a 30-year amortization schedule and was arranged for the borrower by NorthMarq through its affiliate AmeriSphere Multifamily Finance LLC, a Fannie Mae DUS Lender.

LADUE, MO-MB Project Inc. has leased a 1,835-square-foot retail space for 36 months at 1600 S. Lindbergh Blvd. here from Schneithorst Development Co. Dan Rossini with Gundaker Commercial Group Inc. represented the tenant in this transaction. John Shuff and Peter Sheahan with NAI Desco represented the landlord.

ACME, MI-The Michigan Wetlands Association 2011 Annual Conference will be held Aug. 30 – Sept. 2 at the Grand Traverse Resort here. Tabbed “Transitions in Wetland Science, Management and Policy” and co-hosted by the association and the Michigan Department of Environmental Quality, this conference annually convenes the leading Wetlands practitioners, regulators, colleges and universities, non-profit organizations and other interested citizens throughout the State of Michigan to advance the protection, management and monitoring of wetlands at the watershed level as well as emphasizing the linkage between wetland management and restoration. Dianne Martin, ASTI Environmental's director of Resource Assessment and Management, is one of the acknowledged speakers. Updated conference details can be found at www.miwetlands.org .

TROY, MI-Signature Associates has negotiated the lease of 46,825 square feet of hi-tech space at 2710 Bellingham to Inergy Automotive/Plastic Omnium. John Boyd and Paul Hoge represented the landlord, Phoenix Asset Management.