FAIRFIELD, IA-The Minneapolis-based firm, with 260 locations in 27 states, will open a concept in March that will focus on the ‘social gathering’ trend. Plus more Midwest news.

LONDON-The financial services firm has issued letters of intent to hire CB Richard Ellis to be global portfolio manager for 7,500 properties, and will share transaction management with JLL.

CHICAGO-Locally-based Irmco Properties is selling off a six-property portfolio of apartments, senior housing and hotels, all built before 1927.

CHICAGO-The company will redevelop the West Loop property into a 500-unit apartment tower. A 90-story condo-hotel project failed in 2008, and the building shell has sat empty.

CHICAGO-Jones Lang LaSalle, buoyed by the $319 million King Sturge takeover, is poised to take advantage of the global markets.

LONDON-The venture will be the construction and development managers of a massive mixed-use complex, anchored by Shell International, reported to cost up to $3 billion.

HAMBURG, GERMANY-The purchase of 3,083 multifamily units and 71 retail stores from five property companies includes a stock swap.

NEW LENOX, IL-Urban Retail Properties LLC, Center Creek Development LLC and Mansur & Co. announced Tuesday that they plan to build, lease and manage Spring Creek Outlets.