MISHAWAKA – Grubb & Ellis/Cressy & Everett has changed its name to Newmark Grubb Cressy & Everett. The company said an affiliation between the two firms began in 1998 when Cressy & Everett Commercial Co. entered into a partnership with Grubb & Ellis, which filed for bankruptcy in 2012. BGC Partners Inc. of New York […]
MISHAWAKA – Franciscan Alliance has announced it is putting its two Illinois hospitals up for sale. Eleven of Franciscan’s 13 hospitals are in Indiana. The two in Illinois – in Chicago Heights and Olympia Fields – recently underwent $300 million in improvements. An outside health consultant has been hired to help Franciscan through the process.
MERRILLVILLE – Superior Construction Company Inc. was the unanimous choice for 2013 Contractor of the Year, the highest award given by the Northwest Indiana Business Roundtable (NWIBRT). The company accepted the honor at the annual Construction Awards Banquet, hosted by NWIBRT and the Construction Advancement Foundation (CAF) at Avalon Manor in Merrillville. The Contractor of
PORTAGE – Holladay Properties in Portage recently closed on the sale of the 73,000-square-foot Ashland Building at the Ameriplex at the Port. It originally was built for Sanofi-Adventis and is currently home to MonoSol Rx. The $6.1 million sale to Space Center Inc. closed in early May and was brokered by Mike Micka.
SOUTH BEND – A 16-year employee of HRP Construction, Matt Cain is now a shareholder, becoming only the second employee within the organization to earn such a designation. Over the years, Cain has served HRP as a project coordinator and estimator/project manager prior to being promoted to his current position in 2007 as the firm’s
MERRILLVILLE – White Lodging and REI Real Estate Services Inc. have begun construction on a 172-room Hyatt Place hotel in Bloomington. It is scheduled to open in July 2014. The seven-story hotel will have 4,448 square feet of meeting space and a two-level parking garage with room for 124 cars. Hyatt Place was launched in
SCHERERVILLE – Regency Centers Corp., a national owner, operator and developer of grocery-anchored and community shopping centers, has begun construction on the first phase of Shops on Main, a 147,851-square-foot community shopping center anchored by Gordmans, Ross Dress for Less, HomeGoods and DSW Designer Shoe Warehouse. The center is located at the intersection of U.S.
SOUTH BEND – The firm that has operated locally under CBRE | Bradley, an affiliate office of CBRE, Inc.; Bradley Residential Management and Bradley Maintenance Services, has announced plans to consolidate under a single brand name: Bradley Company. Bradley Company is a diversified real estate firm providing commercial brokerage services, commercial and multi-housing management, real
Roads, rail and bridges help drive the region’s economy. by Rick A. Richards Indiana’s motto, Crossroads of America, makes it clear transportation isn’t taken lightly in the Hoosier state. Thanks to eight interstate highways–more than any other state–the idea of Indiana being the nation’s crossroads has been expanded by making Indiana a business destination. But
GARY – Construction has begun on a 60-unit residential development to serve as permanent, supportive housing for the homeless. South Shore Commons is a four-year project in the making to provide suitable housing with the added benefit of supportive services and case management provided by Edgewater Systems for Balanced Living. Serving as co-general partners in the
