Interra Realty brokers sale of mixed-use building in Chicago for $6.1 million
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $6.1 million sale of a 16-unit mixed-use building in Chicago’s Logan Square neighborhood. The transaction equated to $381,562 per unit—one...
$3.65 million sale of historic multihousing community in Duluth, Minnesota closes
JLL Capital Markets announced that it has closed the $3.65 million sale of Irving School Apartments, a historic, 44-unit, 1895-built multihousing community located in Duluth, Minnesota. High Point Holdings L.L.C. acquired the asset. Built in 1895,...
Interra Realty brokers $5.45 million sale of Lakeview apartment building in Chicago
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $5.45 million sale of a 10-unit mixed-use apartment building in Chicago’s Lakeview neighborhood near Wrigley Field. The transaction equated to...
$8 million sale of multihousing community in Duluth, Minnesota closes
JLL Capital Markets announced that it has closed the $8 million sale of Highland Chateau, a 60-unit, 1972-built multihousing community located in the high-demand city of Duluth, Minnesota. The buyer, PLB Highland Chateau, LLC, was...
JLL Capital Markets welcomes Bill Baumann to its multihousing team
JLL Capital Markets announced that Bill Baumann has joined the firm’s multihousing team as a Managing Director in the Chicago office. He will report to Senior Managing Directors Danny Kaufman and Jaime Fink, who co-lead...
Second act
Playhouse Square Foundation is beginning work to convert half of the Bulkley Building in downtown Cleveland into market-rate apartments. Playhouse Square is converting four of the nine floors into 84 apartments, with a portion available...
Interra Realty brokers $16.9 million sale of new apartment community on Chicago’s North Shore
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $16.9 million sale of Station440, a 48-unit multifamily property in Highwood, Ill. Interra Managing Partner Craig Martin represented Benchmark Developers in...
Avanti Residential buys Summit Square Apartments in Greater Kansas City
Nationwide multifamily investor and operator Avanti Residential announces the acquisition of the 308-unit Summit Square apartments in the Kansas City metropolitan area for $80 million. Avanti now owns eight apartment communities in the greater...
Capitalization secured for luxury Cleveland multihousing development
JLL Capital Markets announced that it has arranged $38.5 million in construction financing, in addition to Co-GP equity, for Residences at Bolivar, a 184-unit, Class A, luxury multihousing development with 2,611 square feet of...
Revitate Cherry Tree acquires sixth workforce housing property
Revitate Cherry Tree (RevCT), a leading private real estate investment platform specializing in acquiring and operating multifamily assets across key U.S. markets, has acquired Tuscany Bay, a 96-unit, well-appointed and highly amenitized multifamily property...
Sale of multihousing community in the Twin Cities medical alley closes
JLL Capital Markets announced that it has closed the sale of Urbana Court, a 207-unit, multihousing community located in the heart of the Twin Cities medical alley in Brooklyn Park, Minnesota. JLL worked on behalf...
Kiser Group closes a $15 million deal off market
Kiser Group has brokered a $15M portfolio in the UIC Medical District. The seller University Rentals UIC sold the property to Bay Laurel Partners in an off-market deal. The portfolio is strategically located in close...
Post Road Management acquires multifamily portfolio totaling 1,002 units in Wichita, Kansas
Post Road Management, a full-service real estate investment and management company, has acquired a portfolio of 11 multifamily communities, all located in Wichita, Kansas and the greater metro area. With this purchase, Post Road has...
Avanath Capital Management acquires 256-unit mixed-use, mixed-income multifamily community in Chicago for $119 million
Avanath Capital Management LLC, a multifamily owner and operator that primarily focuses on affordable and workforce housing, announces that it has acquired Lincoln Park Plaza, a 256-unit mixed-use, mixed-income multifamily community with ground-floor retail,...
$18.239 million in financing secured for affordable multihousing community in Indiana
JLL Capital Markets announced that it has arranged the $18.239 million acquisition financing for Cambridge Estates, a 358-unit, garden-style affordable apartment community in Lafayette, Indiana. Approximately 41 percent of the units are covered by...
