SCHAUMBURG, ILL. -- Zurich North America has broken ground on its new facility headquarters in Schaumburg. The multi-line insurance provider purchased nearly 40 acres from Motorola Solutions at the northwest corner of I-90 and Meacham Road to construct its new facility. The new campus will feature 735,000 square feet with the potential to add on in the future.  

The developer and design builder, Clayco, and financier/landlord Stonemont Financial Group, have made a $300 million investment and plan to lease the building to Zurich for the next 26 years. The new facility is scheduled to open in 2016. 

The Village of Schaumburg assisted in Zurich's decision to remain in the area, offering incentives through the newly created North Schaumburg Tax Increment Financing district.  Zurich is in the final stages of executing a package with the state of Illinois to receive Economic Development for a Growing Economy, or EDGE, incentives, according to the company. 

Representatives from Zurich, the state of Illinois and the business community recently joined together for a groundbreaking ceremony for the new facility. Zurich currently employs approximately 2,500 people in Schaumburg and also has an office in downtown Chicago. Zurich employs about 60,000 people worldwide serving customers in more than 170 countries.

DALLAS -- Capital Senior Living Corp. has purchased three senior living communities, known as the Ohio JV Communities, located in Ohio from joint ventures in which it held a 10 percent interest for $83.6 million. 

The Dallas-based company previously managed the Ohio JV Communities under long-term management agreements. The Ohio JV Communities are comprised of 433 units, consisting of 227 independent living units and 206 assisted living units. The communities include The Waterford at Levis Commons, The Waterford at Richmond Heights and The Wellington at Dayton. 

Two communities are financed with $40.1 million of 10-year fixed rate debt that is non-recourse to the company with a blended interest rate of 4.41 percent. The third community is financed with a $21.6 million two-year bridge loan with a variable interest rate beginning at approximately 2.9 percent.

MINNETONKA, MINN. -- PCCP LLC has provided a $30.3 million loan to Sage Hospitality for the acquisition and renovation of Marriott Minneapolis Southwest, a 321-room hotel in Minnetonka, approximately 12 miles southwest of Minneapolis. The hotel, located at 5801 Opus Parkway, is situated on more than 10 acres. 

Built in 1988, Marriott Minneapolis Southwest is a 16-story hotel with more than 14,500 square feet of meeting facilities, more than 4,700 square feet of function space, a restaurant, lobby bar/lounge, fitness center and indoor pool. 

The new owner plans to invest nearly $10 million to enhance management and staffing of the hotel and implement a full renovation of the hotel rooms, function spaces, public restrooms, lobbies and elevator cabs.

LAGRANGE PARK, ILL. -- Peak Construction Corp. has completed the renovation of a manufacturing warehouse for Deslauriers Inc. in LaGrange Park, a suburb of Chicago. Deslauriers, which manufactures and distributes concrete forming and testing accessories, purchased the facility in 2007. Due to an increase in production and storage, the company is expanding its warehouse to meet new production goals. Peak served as the design builder of the 26,388-square-foot addition.

DUBLIN, OHIO -- CASTO has completed the redevelopment of Sawmill Square Shopping Center in Dublin, a suburb of Columbus.  The Sawmill Square redevelopment included the addition of a 171,684-square-foot Walmart Supercenter, which shadow anchors the 39,000-square-foot retail center, as well as McAlister's Deli, Sally Beauty Supply and GameStop. 

In addition, Sawmill Square has a renovated fa�ade, new signage and total replacement of common areas including parking areas, landscaping and site lighting. Exisiting retailers at the center include Z Salon, The UPS Store, Thai Orchid, Huntington Bank, Skyline Chili, Burger King, Goodyear and PNC Bank. 

The center was originally developed in 1982. John Miller of State Street Capital Realty is the leasing agent for the property.

DES MOINES, IOWA -- Hubbell Realty has opened 7th Street Brownstones, a $6.8 million multifamily community in downtown Des Moines. 7th Street Brownstones features 34 two-story, three-bedroom rental townhomes. The development is located at 325 SW 7th St. 

Features in the brownstones include walk-in closets, stainless steel appliances, washers/dryers, granite countertops, two-car garages and rooftop patios. Hubbell Realty hosted a grand opening for the new community on Tuesday, July 1. 

Twenty-two of the brownstone units are complete and leased. The remaining 12 are under construction.  Hubbell Construction Services is the contractor, while Hubbell Apartment Living will manage the property.

FRANKLIN, WIS. -- The Dickman Co./CORFAC International has arranged the sale of a 56,000-square-foot industrial building in Franklin, a suburb of Milwaukee. The property is located at 10179 S. 57th St. GHN Franklin LLC purchased the building from Joseph Kraft Sr. for an undisclosed price. Samuel D. Dickman and Samuel M. Dickman Jr. of the Dickman Co. negotiated the transaction.