Interra Realty Brokers $16.1M Sale of 3-Property Damen Avenue Multifamily Portfolio on Chicago’s North...
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the sale of a three-building, 115-unit apartment portfolio in Chicago’s Rogers Park neighborhood. The separate properties located on Damen Avenue sold...
Dwight Mortgage Trust Finances $88M Bridge Loan for Waverly on the Lake Apartment Community...
Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, closed a $88.5 million value-add bridge acquisition loan for The Waverly on the Lake, a lakefront garden-style apartment community in Belleville, Michigan.
Loan proceeds will facilitate...
Joint Venture Announces Ground Breaking on Chicago Affordable Housing Redevelopment 79 West Monroe
Chicago Mayor Brandon Johnson recently joined Lagfin and R2 Companies to break ground on 79 West Monroe, a $64 million redevelopment of the upper floors of the building into an office-to-residential conversion.
The project will...
The Prime Company Secures $111M for Midwest Student Housing Portfolio
The Prime Company (TPC) has secured $111 million in fixed-rate financing from affiliates of Apollo for a portfolio of five student housing properties across four states.
TPC developed each of the five properties over the...
St Paul looks to revise its rent control ordinance
In November 2021, voters in St. Paul, Minnesota passed one of the most stringent rent control measures in the country. The St. Paul city council recently announced plans to revise it yet again.
Toning it...
F.H. Paschen Tops Out Chicago-Area Workforce Housing Development Bellwood Gateway
F.H. Paschen has topped off the first phase of the Bellwood Gateway Development, a $43 million workforce housing project in the Chicago suburbs.
Serving as the developer and general contractor, F.H. Paschen now moves towards...
Trilogy Real Estate Group Fully Subscribes Luxury Multifamily DST Offering for the Acquisition of...
Trilogy Real Estate Group, a Chicago-based real estate investment and property management firm, announced that its latest Delaware statutory trust offering, Trilogy Franklin, Wisconsin Multifamily DST, has been fully subscribed. Approximately $58.5 million in equity...
BWE Secures $39M for Affordable Housing Portfolio in Twin Cities Metro Area
BWE, a national commercial and multifamily mortgage banking company, announced that it has secured $39,042,000 in loans to refinance a six-property affordable housing portfolio. The communities are located in New Hope, Bloomington, and St....
JLL Secures $55M in Financing for Luxury BTR Townhome Development Park5 in Deerfield Illinois
JLL Capital Markets announced that it has arranged a $45.7 million construction financing and a $9.9 million mezzanine financing for Park5 Luxury Rental Townhomes, a 144-unit core BTR development located at 5 Parkway N...
Marcus & Millichap Brokers $1.7M Sale of 23-Unit Multifamily Property Hillcrest Apartments in Le...
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Hillcrest Apartments, a 23-unit apartment property in Le Sueur, Minnesota.
"This transaction...
Interra Realty Brokers $5M Multifamily Deal of the SR8 Portfolio in Chicago’s South Suburbs
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it facilitated the sale of two multifamily transactions, dubbed the SR8 Portfolio, in the south suburbs of Chicago.
Interra Director Michael Duckler represented the...
Cushman & Wakefield Advises Sale of Highest Valued Multifamily Sale in the History of...
Cushman & Wakefield announced the firm has arranged the sale of a large portfolio of 601 recently developed single-family (“SFR”) build-to-rent (“BTR”) homes located throughout the Fargo/West Fargo/Moorhead MSA in the bordering states of...
Eastham Capital Announces $10M Disposition of Multifamily Asset Ridgeland Station in the Chicago Ridge...
Eastham Capital, a private equity real estate firm dedicated to providing superior, risk-adjusted returns to investors through the transformation of undervalued multifamily real estate, announced the $10 million disposition of Ridgeland Station, an 84-unit...
Lincoln Avenue Communities Hosts Grand Opening Ceremony for Affordable Housing Complex The Derby Apartments...
Governor Tony Evers and other state and local leaders joined Lincoln Avenue Communities (LAC), a mission-driven acquirer and developer of affordable housing, to open the doors to its first ground-up construction development The Derby...
JLL Arranges Sale and Financing for Multifamily Community Cascade at Town Center near Minneapolis
JLL Capital Markets that it has arranged the sale and financing of Cascade at Town Center, a 204-unit multifamily community in Eden Prairie, Minnesota.
JLL represented both the seller, a joint venture between Harbert Management...
