Sector Insight

Chicago Architect Firm to Design $800M Toronto Tower

Freed Developments, a Canadian real estate developer, is planning a new $800 million skyscraper in Toronto. The project, designed by Chicago-based Adrian Smith + Gordon Gill Architecture (AS + GG), will feature 100 five-star luxury hotel rooms and 400 luxury condominiums with a sky bar, restaurants, and boutique spa. “Freed Hotel and Residences will bring an unprecedented

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Deerfield Votes to Ban Warehouse, Distribution Facilities

The Board of Trustees in Deerfield has unanimously amended the zoning code to effectively ban motor freight terminals, logistics centers, fulfillment centers and facilities for truck parking or movement. Deerfield Mayor Daniel Shapiro initiated the zoning changes, with additional amendments including new traffic plan requirements for certain special use permits over 50,000 square feet and

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Walgreens Boots Alliance Announces New Exec Team

Walgreens Boots Alliance (WBA) has made three new executive appointments, the latest update among the pharmacy company’s ongoing leadership changes. WBA appointed Mary Langowski as executive VP and president of U.S. healthcare. She succeeds John Driscoll, who will transition to a senior advisory role. Langowski joins WBA from Solera Health, a value-based technology business serving

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Farbman Awarded Management of Cleveland’s Fifth Third Center

Farbman Group has taken over management of Fifth Third Center, a 508,397-square-foot property in downtown Cleveland. Located at 600 Superior Avenue, Fifth Third Center is a 27-story, Class-A office in the heart of the city, surrounded by retail, entertainment and residential options. “We are thrilled to add this important Class-A office property to Farbman Group’s

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180K-SF Industrial Trucking Development Planned in KS

Connecticut-based transportation company XPO Inc. is planning a new 180,000-square-foot truck freight development on about 45 undeveloped acres in Shawnee, Kansas. The potential site is located just off KS Highway 7 near an Amazon facility, the Bonner Springs Industrial Park and the Heartland Logistics Park. XPO wants the city to rezone the site from an

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JLL Lines Up $79M Refi for Puget Sound Apartments

JLL has arranged the $79 million refinancing of Marina Square, a 270-unit, newly built, luxury apartment community located on the Puget Sound waterfront in Bremerton, Washington. The JLL Capital Markets Debt Advisory team was led by Senior Director Seth Heikkila, Senior Managing Director Tom Wilson and Associate Steve Petrie, who represented the borrower, Sound West

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