Regions Midwest
$55M Financing Deal Wraps Up for New Ritz-Carlton Denver
Oct 6, 2008

A $55 million mortgage loan for the 202-room Ritz-Carlton Denver, located in downtown Denver at 1881 Curtis St., has just closed. Hotel brokerage and investment banking firm Hodges Ward Elliott orchestrated the financing on behalf of property owner CJS Hotel L.L.C., which completed the redevelopment of the hotel in January at a cost of approximately $75 million. The property had been a 367-room Embassy Suites Hotel until CJS commenced a program in 2006 to reinvent the hotel as an upscale destination. In addition to featuring the largest collection of guestrooms in Denver, the 19-story Ritz features 13,000 square feet of meeting space and a signature restaurant.

 
Recent Midwest Headlines
JV to Develop 162,000-SF Office Building near Chicago
Nov. 20, 2008
Bridge Development Partners L.L.C. in partnership with Globe Corp. will develop 555 Corporate Center, a 162,000-square-foot, four-story speculative office building at 555 Aptakisic Road in Lincolnshire, Ill.  Plans call for the Class A office facility to be LEED certified by the U.S. Green Building Council.
ProLogis Leases 750,000 SF near Chicago
Nov. 13, 2008
ProLogis has leased approximately 750,500 square feet near Chicago to Kimberly-Clark Corp., a leading global, health and hygiene company.
Developers Diversified, Cole Form JV for Missouri Shopping Center
Nov. 07, 2008
Developers Diversified Realty Corp. has formed a $62 million joint venture with Cole Real Estate Investments for the ownership of Independence Commons, a 386,000-square-foot shopping center in Independence, Mo.
Cormac Nets $145M Loan for Kansas Retail Project
Nov. 05, 2008
The Chicago office of Holliday Fenoglio Fowler L.P. has arranged a total of $145.3 million in construction financing and joint venture equity for Corbin Park, a regional, open-air retail village being developed in Overland Park, Kan., by Cormac Co.
Vail Resorts Acquires Colorado Mountain Express for $38M
Nov. 03, 2008
Vail Resorts Inc. closed its transaction to acquire the resort ground transportation business, Colorado Mountain Express, for $38.3 million, which amount will be adjusted for the final balances of certain working capital related accounts as well as the obligation of Vail Resorts to reimburse the seller for certain new capital expenditures.