TROY, MI-The bank will lease almost 100,000 square feet in the 745,000-square-foot complex, in a city that plummeted as the top office market in Michigan. Plus more Midwest news.
CHICAGO-A Lehman bankruptcy judge has ruled that the company has to follow its contract and pay to block Sam Zell-owned Equity from taking a piece of Archstone, according to a Reuters story.
CHICAGO-The firm told a bankruptcy judge Thursday that Lehman should buy the shares of the multifamily owner, keeping out Equity Residential, according to a Bloomberg story.
LONDON-Savills gains a strong presence in Central London with the purchase of Gresham Down Capital Partners, which has had $3 billion worth of transactions since January 2010.
MINNEAPOLIS-Cargill sold the 254,915-square-foot building, in the three-facility Excelsior Crossing complex, in a sale-leaseback. The company occupies the entire building.
CINCINNATI-The locally based retailer will close nine Macy’s and Bloomingdale’s, and plans to open 11 new locations, though five of these will be much smaller outlet properties.
CHICAGO-The Southfield, MI-based Farbman Group has made quite a dent in the downtown Chicago market with four properties, including now the buy of the 12-story 209 W. Jackson.
INDIANAPOLIS-The Fifth Third Faculty Office building will house support functions for Eskenazi Health, as well as space for Indiana University School of Medicine faculty.