EVANSTON, IL - Plans from developers Fifield Cos. and Carroll Properties to build 368-unit luxury apartments downtown have been approved by the City Council. Groundbreaking is scheduled for the third quarter of the 2013.
ERLANGER, KY - Chicago-based Newly Weds Foods is set to launch a regional food production facility in Northern Kentucky. The company expects to create 115 jobs and make a $57 million investment in Boone County. The company qualified for more than $6 million in state tax incentives.
CHICAGO - Blue Chip Marketing Worldwide has finalized a lease with The Davis Companies to expand its headquarters at Edens Corporate Center in Northbrook.
OAKBROOK TERRACE, IL - Mid-America Real Estate Corp. has released a comparison study of net lease data among the top nine banking chains in the United States.
CHICAGO - Inland Real Estate Brokerage & Auctions will auction off retail, car wash, office, business, mixed-use, nursing home and restaurant properties in Chicagoland and Northwest Indiana next month.
OMAHA - Creighton University picks The Opus Group to renovate and build an addition to the Harper Center, creating a new space for the school's College of Business.
CHICAGO - The Boulder Group's Research Department is providing data and analysis on activity in the national net lease auto parts store market showing that net lease auto parts store properties' cap rates continue to compress.
CHICAGO - Kiser Group brokered apartment building transactions in Rogers Park, totaling approximately $5.7 million. The buildings are located at 6747-67 N. Sheridan and 7453 N. Western.
MINNEAPOLIS - KBS Real Estate Investment Trust III purchases RBC Plaza, a 678,045-square-foot mixed-use office building in the downtown area for $118.1 million.