GRANDVIEW HEIGHTS, OHIO -- Nationwide Realty Investors (NRI), the real estate arm of Nationwide Mutual Insurance Co., has proposed development plans for a new corporate campus at Grandview Yard. NRI presented the project to the Grandview Heights City Council. 

The Grandview Yard mixed-use development in Grandview Heights, located outside of Columbus, currently includes 92,000 square feet of office space, a 42,000-square-foot LA Fitness location, a 126,000-square-foot Hyatt Place hotel and 154 luxury apartment units. 

The proposed new developments at Grandview Yard will include a new 500,000-square-foot campus for Nationwide, which will be designed to support more than 3,000 associates; a new 135-room hotel; and a 13,000-square-foot conference center. Combined, the proposed projects represent more than $100 million in private investment. 

"This proposal represents a great win for our entire community, both the city of Grandview Heights and the overall Grandview area," says Anthony Panzera, city council president. "We are thrilled that NRI is willing to make this commitment and we look forward to working closely with [them] to finalize the details." 

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ROSEVILLE, MINN. -- Meritex has broken ground on the Highcrest Distribution Center, a 130,000-square-foot industrial project in Roseville, a suburb of Minneapolis. The property is located at 2400 Terminal Road. The project will have 32-foot clear height ceilings, up to 40 dock doors, ESFR sprinkler system, and can be subdivided to accommodate smaller tenants. 

The building will also have access to the Minnesota Commercial Railway. The project will be ready for occupancy in November 2014. Pope Architects designed the project.  R.J. Ryan is the general contractor.  

Matt Oelschlager, John Ryden and Mike Bowen of CBRE are marketing the property for lease. The nine-acre development site was part of a larger 42-acre site that Meritex began marketing to users in 2009. 

CHICAGO -- Reed Construction will complete the renovation of a new simulation lab for Rush University Medical Center in Chicago this August. The property is located at 1717 W. Congress Parkway. 

The project for Rush University Medical Center will feature the renovation of the existing space to create a new, cutting-edge simulation lab. Simulation labs are learning environments designed to bridge theory and practice in a safe, interactive educational setting. 

The 8,200-square-foot build-out will include the addition of multiple labs, control rooms, debriefing rooms and the associated infrastructure. Scott Pickands, Reed Construction's executive vice president and project executive, will lead the construction team. Proteus Group is providing architectural services for the project. 

Rush is a nonprofit healthcare, education and research enterprise comprised of Rush University Medical Center, Rush University, Rush Oak Park Hospital and Rush Health. Rush University Medical Center encompasses a 664-bed hospital serving adults and children.

PORTAGE, MICH. -- Pillar, a Guggenheim Partners affiliate, has originated a $20.7 million FHA/HUD loan for the acquisition and rehabilitation of Milham Meadows Apartments, a 300-unit multifamily property in Portage, approximately seven miles south of Kalamazoo.

The fully leased property is located at the corner of Milham Road and Oakland Drive. The borrower, Integra Property Group, is utilizing Pillar's acquisition loan and proceeds from the sale of low-income housing tax credits to purchase the property and to rehabilitate a number of elements, including a substantial renovation of energy and unit upgrades, as well as capital systems upgrades. 

The community will remain fully tenanted through the rehabilitation. Peter Nichol, of Pillar's San Francisco office originated the transaction working closely with Mark Wiedelman and Nancy Ludwick of Pillar's FHA lending team based in Bloomfield Hills, Mich. 

The affordable housing team secured a construction and permanent mortgage loan to facilitate the substantial rehabilitation of the property with short-term, tax-exempt bonds and 4 percent tax credits. 

BIRMINGHAM, MICH. -- Mid-America Real Estate Corp.'s investment sales team, in cooperation with NAI Farbman, brokered the sale of The Willits Retail, a 25,396-square-foot retail center in Birmingham, an affluent suburb of Detroit. Southfield, Mich.-based Seligman Group purchased the property for an undisclosed sales price. 

The center includes two premier dining restaurants -- Mitchell's Fish Market and Cameron's Steakhouse, a TD Ameritrade and Darakjian Jewelers. Ben Wineman of Mid-America Real Estate Corp. and Bill Bubniak of NAI Farbman represented the seller, New York-based The Related Cos., in the transaction.

BECKER, MINN. -- Marcus & Millichap has brokered the $2.4 million sale of a 68-room hotel in Becker, approximately 47 miles northwest of Minneapolis. Crossings by Grandstay Inn & Suites is located at 14435 Bank St. The hotel was built in 2004. Jon Ruzicka of Marcus & Millichap's Minneapolis office represented the seller, a limited liability company.  Ruzicka, with the cooperation of an outside brokerage, also represented the buyer, a private investor.

ROCHESTER HILLS, MICH. -- L. Mason Capitani CORFAC International has brokered the sale of a multi-tenant industrial facility to an undisclosed buyer in Rochester Hills. Based on the current net operating income, the 49,686-square-foot building traded at a 9.8 percent capitalization rate. 

The facility, located at 2703-2727 Product Drive, was fully occupied at the time of sale.  TI Automotive and Gexpro are currently tenants at the building. Jason Capitani and Garry Rogers of L. Mason Capitani represented the seller, Kevin Buchanan, in the transaction.

MILWAUKEE -- The Dickman Co. Inc./CORFAC International has arranged the lease of a 30,000-square-foot industrial space in Milwaukee. Wenniger Compressor Co. will occupy space located at 3745-55 N. Richards St. 

Samuel M. Dickman Jr., Samuel D. Dickman and Anthony Huenerbein of the Dickman Co. represented the landlord, Richards Industrial LLC, in the transaction. Tony Haning of Jones Lang LaSalle represented the tenant, Wenniger Electric doing business as Wenniger Compressor Co.