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Zilber Property Group to Develop 142,000 SF Spec Industrial Building in Caledonia, Wisconsin

3 days ago | rebusinessonline.com | Kristin Harlow

1CALEDONIA, WIS. — Zilber Property Group (ZPG) has unveiled plans to develop a new speculative industrial facility totaling 142,000 square feet at Caledonia Corporate Park in the southern Milwaukee suburb of Caledonia. Named Zilber Industrial 2 at Caledonia Corporate Park, the facility will feature a clear height of 32 feet, high-bay LED warehouse lighting, an ESFR sprinkler system, onsite trailer parking and options for expandable truck loading and vehicle parking.
CBRE Brokers Sale of 89,052 SF Medical Outpatient Building in Maple Grove, Minnesota

3 days ago | rebusinessonline.com | Kristin Harlow

1MAPLE GROVE, MINN. — CBRE has brokered the sale of Arbor Lakes Medical Building, an 89,052-square-foot medical outpatient building located at 12000 Elm Creek Blvd. in Maple Grove. The property is 97 percent leased to tenants such as M Health Fairview, North Memorial Health, Reproductive Medicine and Infertility Associates, Northstar Neurological Clinic, Midwest Radiology and South Lake Pediatrics Clinic.
Core Industrial Realty Negotiates 36,440 SF Lease in McCook, Illinois

3 days ago | rebusinessonline.com | Kristin Harlow

1MCCOOK, ILL. — Core Industrial Realty has negotiated a long-term lease for 36,440 square feet at 8401 W. 47th St. in McCook. Ryan Mullins and Frank Damato IV of Core Industrial represented the tenant, Kangde Xin America LLC, in its relocation and expansion effort. Vernon Schultz of Colliers represented the undisclosed landlord.
Indian Eatery Desi Chowrastha to Open First Kansas City-Area Location in Overland Park

3 days ago | rebusinessonline.com | Kristin Harlow

1OVERLAND PARK, KAN. — Desi Chowrastha, an Indian eatery based in Texas, has secured its first Kansas City-area location at 6301 W. 135th St. in Overland Park. Max Kosoglad and David Block of Block & Co. Inc. Realtors represented the undisclosed landlord in the lease. A grand opening is slated for this summer. At 7,564 square feet, Desi Chowrastha will be the largest Indian restaurant in Overland Park.
Boulder Group Arranges $2.1M Sale of Dollar General Market-Occupied Retail Property in Indiana

3 days ago | rebusinessonline.com | Kristin Harlow

2HOBART, IND. — The Boulder Group has arranged the $2.1 million sale of a single-tenant retail property net leased to Dollar General Market in Hobart within southwest Indiana. The newly constructed building is the larger prototype of 12,480 square feet. There are 15 years remaining on the lease, which features 5 percent rental escalations every five years throughout the primary term and at all five of the five-year renewal options.
Walker & Dunlop Arranges $86M Refinancing for Caesars Republic Scottsdale Hotel in Arizona

4 days ago | rebusinessonline.com | Amy Works

1SCOTTSDALE, ARIZ. — Walker & Dunlop has arranged an $86 million loan to refinance the Caesars Republic Scottsdale, a Hilton Hotel. Walker & Dunlop Arizona Capital Markets, led by Jim Pierson and Keaton Merrell, partnered with Walker & Dunlop New York Capital Markets, led by Keith Kurland, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Dustin Stolly, Ari Hirt and Christopher de Raet, to arrange the loan as an exclusive advisor to HCW Development. A regional bank provided the financing.
Grossman Development Signs Eight New Tenants to Join $100M Gallatin Valley Mall Redevelopment Project in Bozeman, Montana

4 days ago | rebusinessonline.com | Amy Works

1BOZEMAN, MONT. — Grossman Development Group has signed eight new tenants to join Gallatin Valley Mall, a 315,000-square-foot regional shopping center undergoing redevelopment in Bozeman. New retailers at the $100 million multi-phase project, which will be called Gallatin Crossing, include Arhaus, lululemon, Pandora, Sephora, Anthropologie, Free People, Lovesac and Madewell.
JLL Secures $255.3M Refinancing for TruAmerica, Oaktree Capital Management Multifamily Portfolio

4 days ago | rebusinessonline.com | Amy Works

1LOS ANGELES — TruAmerica Multifamily and Oaktree Capital Management, both based in Los Angeles, have received a loan for approximately $255.3 million to refinance four multifamily properties. JLL Capital Market’s debt advisory team represented the borrower and was led by President Kevin Mackenzie and Managing Directors Annie Rice and Brandon Smith. The JLL team arranged a five-year, floating-rate loan through a national bank.
Marcus & Millichap Brokers Sale of 31,000 SF Industrial Property in Woodinville, Washington

4 days ago | rebusinessonline.com | Amy Works

1WOODINVILLE, WASH. — Marcus & Millichap has arranged the sale of The Junction, an industrial facility in Woodinville. A limited liability company sold the asset to an undisclosed buyer for $10.5 million. Located at 19151 144th Ave. NE, the 31,000-square-foot The Junction is 93 percent leased to a variety of tenants, including fast food, auto care and tasting rooms. John Marks and RJ Vara of Marcus & Millichap’s Seattle office represented the seller in the deal.
Ryan Cos. Breaks Ground on $68M Housing, Retail Components of Highland Bridge Mixed-Use Project in St. Paul

4 days ago | rebusinessonline.com | Kristin Harlow

1ST. PAUL, MINN. — Ryan Cos. US Inc., in partnership with the Housing and Redevelopment Authority (HRA) for the City of St. Paul, has broken ground on new housing and retail components of Highland Bridge, a 122-acre mixed-use development at the former site of Ford Motor Co.’s Twin Cities assembly plant. The $68 million project is expected to be substantially completed by November 2026.