The Boring Co. announced its first residential station agreement for Music City Loop, which will serve residents in three of Tony Giarratana’s Church Street towers.

The Nashville Business Journal reports the station will be located in the parking garage of Giarratana’s Prime tower, at 805 Church St.. Residents of Giarratana’s Prime, Alcove and under-construction Paramount towers will be able to take an elevator directly to the station. Tunnelling began on The Boring Co.’s planned 19-mile circuit in late February, launching from a downtown site near the state Capitol, located at 637 Rosa Parks Blvd. Planned to end at Nashville International Airport, the tunnel will run under Rosa L. Parks Boulevard and right by Giarratana’s Prime tower.

Travel time between downtown and the airport is about 9 minutes.

Riders will board a Tesla car with a driver to be shuttled between stations.

Marquette Companies has named Trevor Ryan partner and president of Marquette Companies, while Jim Cunningham has been appointed partner and president of Marquette Management. Additionally, Jason Tennenbaum has joined the organization as chief financial officer.

Colliers announced that veteran investment sales broker Tom O’Brien has joined Colliers as a vice chair, partnering with Colliers’ Investment Services Group in Minneapolis-St. Paul. With his arrival, Colliers adds one of the market’s most well-known and experienced investment sales professionals to its business. 

Global law firm Greenberg Traurig, LLP has expanded its real estate capabilities with the addition of Daniel J. Elrod as a shareholder in its Chicago office. Elrod joins the firm from Katten Muchin Rosenman LLP, and with more than a dozen years of legal experience, he represents debt funds, life insurance companies, and institutional lenders in a wide range of commercial real estate transactions nationwide.

Lee & Associates has negotiated a 30,300-square-foot new lease at 20 Presidential Drive in Roselle, Illinois. Jeff Janda, SIOR and Mike Plumb, principals at Lee & Associates’ Illinois office, represented Tripar International, Inc, who owns and occupies the rest of the 63,978-square-foot industrial building. David Haigh of NAI Hiffman represented the tenant, Rieder NA, a manufacturer of concrete facades.  

Chicago Title Land Trust Company has officially rebranded as The Land Trust Company. This change reflects the company’s expansion beyond Chicago, with a growing presence in Indiana and Florida and plans for nationwide growth.

Transwestern Real Estate Services (TRS) announced that St. Croix Hospice has signed a new, long-term lease at Mendota Tech – Workplace 3, located at 1175 Center Pointe Circle in Mendota Heights, Minnesota.

The care provider will occupy the full 30,586-square-foot suburban office building. Transwestern Principal Mike Honsa and Senior Vice President Eric Rapp represented owner Capital Partners in lease negotiations. St. Croix Hospice was represented by Tim Olsen of Carlson Partners.

“We’re excited to welcome St. Croix Hospice to the office campus,” said Honsa. “It is a great development for Mendota Heights as St. Croix brings its existing workforce to the city.” St. Croix Hospice, which is relocating from Oakdale, plans to occupy the building in the first quarter of 2025.

1175 Center Point Circle is in the 8-building Mendota Tech Office Park in Mendota Heights. The campus offers amenities such as outdoor patios and green space, ample free parking, and access to the Big Rivers Regional Trail along the Mississippi River.

 JLL Capital Markets completed the $200-million sale of The Gas Company Tower, a 1.3-million-square-foot office tower at 555 W. Fifth St. in Downtown Los Angeles. Los Angeles County emerged as the buyer for the 53% occupied office tower, which JLL marketed on behalf of a CMBS trust that previously held the mortgage.

The seller was represented by a JLL Capital Markets Investment Sales and Advisory team led by senior managing directors Jeffrey Bramson, Sean Ryan and Tom Hall, managing director Andrew Harper and director Will Poulsen.

“The Gas Company Tower presented a tremendous opportunity to purchase a top asset in DTLA at pricing not seen in nearly 20 years,” said Bramson. “This transaction represents an important milestone in the DTLA office market as we are witnessing a reset of the market and anticipate increased transaction activity and pricing stability in 2025.”

Architectural firm TRIA announced the completion of Korro Bio’s new headquarters in Cambridge, MA. The office and laboratory fit-out spans 50,000 square feet and marks a significant milestone for the biopharmaceutical company developing RNA-based genetic medicines. It was completed ahead of schedule and under budget.

Korro Bio, which specializes in developing therapies for patients with both rare and highly prevalent diseases, sought a space that would reflect its mission and accommodate its growth. The new headquarters includes open, flexible work environments, dynamic meeting hubs, and lab spaces designed to foster creativity and scientific discovery.

“This project was a fantastic collaboration between Korro Bio’s leadership and our design team,” said Amanda Roderman, project manager at Boston-based TRIA. “Our goal was to design an environment that reflects Korro Bio’s cutting-edge work in the biopharmaceutical field while offering employees a comfortable, dynamic place to thrive.”

The Fallon Company started work on The Colwick, a $100 million, 234-unit multifamily rental project at Colwick and Chiswick roads in Charlotte.  The Fallon Co. paid $7 million for the site in December 2022.

Axiom Architecture is the project architect and designer. Edifice Construction is the general contractor, and Santander Bank provided project financing.

The 7-story development will feature:

• 1, 2, and 3-bedroom units
• Co-working lounge with video conferencing rooms
• Saltwater pool
• Onsite pet spa and dog park
• Fitness center with private yoga studio
• Outdoor grill stations and pizza oven
• Garden courtyard with activity lawn and fireside lounge
• Resident social lounge and game room
• Golf Simulator room
• Outdoor gaming lawn with bistro lighting

The Colwick, which is expected to deliver in late 2026, will be the first large-scale rental building in Cotswold in decades.

J.B. Hunt Transport bought 34 acres at 8329 OId Dowd Road, near the Charlotte airport, from Strategic Real Estate Partners for $10.75 million.

The Charlotte Business Journal reports that Strategic may be planning to develop a 260,000-square-foot industrial building at the site. The land was still undeveloped at the time of the sale.

The site sits directly west of Charlotte Douglas International Airport near Interstate 485. It neighbors SunPoint CLT, a 373,950-square-foot industrial building recently delivered by SunCap Property Group.

JB Hunt Transport was founded in 1961. It is a Fortune 300 company with nearly 38,000 employees. Its companywide revenue last year was over $12.8 billion.

The airport is in the midst of a massive overhaul. Destination CLT, as the $3.5 billion capital investment project is called, will have an impact on everything from the lobby and the terminal to the runway.

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

Greenstone Partners, a commercial real estate brokerage firm, has expanded its brokerage team with Jacob Goldstein, as Director. Since becoming a licensed broker in 2016, Goldstein has been involved in $100+ million of multifamily and mixed-use transactions throughout the Chicagoland area, with property sizes ranging from six to 100 units. Prior to joining Greenstone Partners, Goldstein spent eight years at Essex Realty Group, where he advanced to the role of Director.

Intersect Illinois announced that Eileen Mitchell, President of Midwest States at AT&T, and Kristof Terryn, CEO of Zurich North America, have joined its board of directors. Mitchell leads external affairs across seven states and heads the company’s policy, philanthropy, and community initiatives. Terryn was named CEO of Zurich North America in 2021 after joining the company in 2004. He has held positions including COO for General Insurance, Group Head Operations, CEO of Global Life, and CEO of General Insurance.

Redwood Living, Inc. recently joined together with representatives from Perkins Township and the Greater Sandusky Partnership to celebrate the opening of Redwood Sandusky in Sandusky, Ohio.  Developed and managed by Independence-based Redwood, the neighborhood includes 136 single-story apartment homes ranging in size from 1,294 to 1,620 square feet.   

Marcus & Millichap completed the sale of a Golden Corral location in Schererville, Indiana, for $4.47 million. The firm’s Sean Sharko, Austin Weisenbeck and Daniel Chumbley, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a local Chicago real estate investment company, and procured the buyer, an out of state real estate partnership. Josh Caruana, Broker of Record in Indiana, assisted in closing the transaction. 

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.