Sunday, April 28, 2024

Midwest-North region

Midwest-North region includes: Illinois, Indiana, Iowa, Kansas, Michigan, Missouri, Nebraska, North Dakota, Ohio, South Dakota and Wisconsin.

Avant

Capital secured for new Class A multihousing community in southeast Michigan

JLL Capital Markets announced that it has arranged $17.8 million in joint venture equity and $39.9 million in construction financing for Avant, a new 253-unit multihousing development in Ann Arbor, Michigan. JLL worked on behalf...
5815 N. Sheridan

5815 N. Sheridan sells for $43 million to TLC Management

Kiser Group, Chicago’s leading multifamily brokerage firm, represented both the buyer, TLC Management and seller, Greenstone Property Group, in a $43 million, 188-unit off-market deal. Kiser Group’s Principal and Managing Broker Lee Kiser represented...
Residences at the Sutton

PCCP, LLC provides $31 million bridge loan to The Pizzuti Companies for the refinance...

PCCP, LLC announced it has provided a $31 million bridge loan to The Pizzuti Companies for the refinance of The Residences at the Sutton, a Class A, 100-unit boutique multifamily asset located in the...
850 W. Margate Terrace

Kiser Group advises on $3.05 million sale of 29 condominium units in uptown Chicago

Kiser Group, Chicagoland’s leading multifamily brokerage firm, announced the sale of 29 condominium units in a 37-unit multifamily property in Chicago’s Uptown neighborhood. The bulk sale represents 75 percent ownership in the condominium association...
Timber Court

72-unit Timber Court Sells for $16 Million

Timber Court, located at 3400-20 N. Old Arlington Heights Rd. in Arlington Heights, Illinois, has sold for $16 million to a Chicago-based portfolio apartment investor. The 72-unit property was listed for sale by multifamily...
6710 S. Claremont Ave

Interra Realty brokers $2.9 million sale of 55-unit mixed-use building in Chicago’s Marquette Park...

Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered the $2.9 million sale of 6710 S. Claremont Ave., a 55-unit mixed-use building in Chicago’s Marquette Park neighborhood that includes six...
Hampton Ridge

Greystone Bel’s Chicago office completes sale of five-property portfolio in Rockford, Illinois totaling $43.3...

Greystone Bel Real Estate Advisors Chicago Office recently closed the sale of the Hampton Portfolio in Rockford, Illinois for $43.3 million. The multifamily portfolio consists of five-properties totaling 582 units, which equates to a...
5301 N. Ashland Ave

Kiser Group advises on $5 million sale of a 40-unit multifamily property in Chicago’s...

Kiser Group, Chicagoland’s leading multifamily brokerage firm, announced its closing on a 40-unit multifamily property in Chicago’s Andersonville neighborhood today. 5301 N. Ashland Ave. went under contract in four days at its full asking...
Shady Oak

PCCP, LLC and Doran Companies form joint venture for the development of a Class...

A joint venture of PCCP, LLC and Doran Companies announced it will develop a class A, 350-unit multifamily project located on 5.15 acres at 5959 Shady Oak Road, in Minnetonka, MN. Groundbreaking is expected...
Forest City Properties

Marcus & Millichap arranges the sale of a 111-unit apartment building

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Forest City Properties, a 111-unit apartment portfolio located in Loves Park...
1 Glenn Place

New multihousing community near Madison sells

JLL Capital Markets announced that it has closed the sale of and arranged $28.275 million in acquisition financing for 1 Glenn Place, a 191-unit, multihousing community in the suburban Madison community of Fitchburg, Wisconsin. JLL...
Suzanne Weiss

Commercial finance veteran Suzanne Weiss joins Draper and Kramer as senior vice president

Draper and Kramer, Incorporated, a national full-service real estate firm, is pleased to announce it has named Suzanne Weiss as senior vice president, commercial mortgage servicing, for its Commercial Finance Group. An industry veteran...
The Cielo Apartments

New multihousing community near Minneapolis sells for $59 million

JLL Capital Markets announced that it has closed the $59 million sale of and arranged $44.25 million in acquisition financing for The Cielo Apartments, a 269-unit, multihousing community in the Minneapolis suburb of Fridley,...
Vim + Vigor

New multihousing community in Milwaukee sells for $53 million

JLL Capital Markets announced that it has closed the $53 million sale of Vim + Vigor, a new, 274-unit, mid-rise multihousing community in the Brewery District of Milwaukee, Wisconsin. JLL marketed the property on behalf...
7363-83 N. Winchester

Interra Realty brokers $5 million sale of 40-unit rental community in Chicago’s Rogers Park...

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $5.025 million sale of 7363-83 N. Winchester Ave., a two-building, 40-unit rental community in Chicago’s Rogers Park neighborhood. The price per...
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