Monday, May 13, 2024

Midwest-North region

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

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...
Six Points Apartments

$21.25M loan arranged for Six Points Apartments near Milwaukee

JLL Capital Markets announced that it has arranged $21.25 million in acquisition financing for Six Points Apartments, a 178-unit, market-rate multihousing community in downtown West Allis, Wisconsin. JLL worked on behalf of the borrower, Spaulding...
The Montrose Portfolio

Interra Realty brokers $11.45 million sale of 7-building rental community in Chicago’s Albany Park...

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $11.45 million sale of 3634-48 and 3639-47 W. Montrose Ave., a seven-building, 39-unit rental community in Chicago’s Albany Park neighborhood. The...
6018-6020 N. Avondale Ave

Interra Realty brokers $1.92 million sale of 12-unit rental community in Chicago’s Norwood Park...

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $1.92 million sale of 6018-6020 N. Avondale Ave., a 12-unit rental community in Chicago’s Norwood Park neighborhood. The price per unit...
Riverwalk

120-unit LIHTC housing complex sells for $8.8 million outside Chicago

Affordable HousingInvestment Brokerage Inc. (AHIB) recently sold a 120-unit independent senior living community in Lyons, Illinois for $8,800,000. Managing Director Kyle Shoemaker represented the seller, Barron Development LLC, and buyer, New Frontier Companies, to...

Midwest economy good to multifamily

Focus on the Midwest Amid a global pandemic and its economic repercussions, the American Midwest has remained a place of comparative stability—and opportunity. Wide-open spaces and lower costs of living attract businesses and workers alike. Warehouses,...
Promenade at New Town

$27.5 million refinancing arranged for multihousing community near St. Louis, MO

JLL Capital Markets announced that it has arranged a $27.5 million refinancing of Promenade at New Town*, a 225-unit multihousing community in the St. Louis-area community of St. Charles, Missouri. JLL represented Gold Block Ventures...
101 West

Trophy Barrington multihousing property purchased for $20.75 million

JLL Capital Markets announced it closed the $20.75 million sale of 101 West, a trophy apartment community located in the sought-after suburb of Barrington, Illinois, which is about 40 miles from Chicago. JLL worked on...
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