Chicago law firm Ginsberg Jacobs provides outlook on affordable housing
Though Congress retained the Low-Income Housing Tax Credit (LIHTC) as part of its tax policy overhaul, the decision to also lower the corporate tax rate from 35 percent to 21 percent could lead to...
Kiser Group advises on the $32.3 million sale of 115-unit condo deconversion in Lakeview
Kiser Group, Chicago's leading multifamily brokerage firm, has advised on the $32.3 million sale of The Barry Quad, a three-building, 115-unit condo deconversion in the Lakeview neighborhood of Chicago. Kiser Group Advisors Andrew Friedman...
Knocking the rust off the Rust Belt
Investments into one of the nation’s poorest zip codes in the Rust Belt are fueling an historic preservation and mixed-use redevelopment project on three blocks in Erie, Pa.’s downtown core, setting a national standard...
Construction complete on Elan Yorktown, a new multifamily community in Lombard, Illinois
Construction is now complete on Elan Yorktown, a new luxury apartment community located at 50 Yorktown Center in Lombard, Illinois. Elan Yorktown is developed and owned by Greystar, a global leader in the investment,...
Evergreen Real Estate Group acquires affordable housing community in Downtown Cleveland, plans $18 million...
Chicago-based Evergreen Real Estate Group, a leader in the acquisition, development, rehabilitation and management of both affordable and market-rate multifamily housing, today announced it has acquired Carter Manor Apartments in downtown Cleveland. Evergreen plans...
Complaint: not renting to people with past evictions is illegal
HOPE Fair Housing Center argues in a new federal complaint that an Illinois landlord’s blanket refusal to rent to people with eviction records amounts to illegal sex and race discrimination.
A taxpayer-funded fair housing nonprofit...
Architectural acoustics an important component to controlling sound, noise in student housing facilities
When designing a residence hall, special attention is given to architectural acoustics to help control noise and create a calmer, more peaceful environment for the students. Understanding sound isolation, mechanical noise and vibration control,...
Evergreen Real Estate Group and Chicago Housing Authority break ground on pioneering affordable senior...
Evergreen Real Estate Group announced the start of construction on Ravenswood Senior Living, a 193-unit affordable rental community at 4515 N. Winchester Ave. in Chicago’s Ravenswood neighborhood. Evergreen representatives joined 47th Ward Ald. Matt Martin and...
Revitalizing neighborhoods with a fresh take on affordable housing
In the last decade, a development group has been working to revitalize the community, and several community partners invested $70 million in a redevelopment project to bring life back to this historic and idyllic...
JVM Realty Corp. acquires luxury multifamily community in DuPage County, Illinois
JVM Realty Corp., a leading vertically integrated multifamily real estate investment and property management firm, announced the acquisition of The Residences at Hamilton Lakes, a 297-unit luxury apartment community in the highly desirable northwest...
Parkview Financial provides $19 million construction loan for a four-building, 90-unit multifamily project in...
Parkview Financial announced it has provided a nearly $19 million construction loan to Schiller Park, IL-based MB Bloomingdale Trails, LLC for the development of Bloomingdale Trails a 90-unit multifamily rental project located at 290...
HUD Celebrates Opening of 76 New Affordable Senior Rental Homes in Columbus Ohio
The U.S. Department of Housing and Urban Development’s (HUD) Assistant Secretary for Housing Julia R. Gordon joined the leadership of National Church Residences, the largest nationwide non-profit organization providing affordable senior housing, and state...
Wingspan and Tucker Development Secure $100M for Mixed-Use Skokie Development near Chicago
A joint venture between Tucker Development and Wingspan Development Group announced it has closed on $100M in construction financing for The Henry at Harms Woods, a new mixed-use development in Skokie, Illinois. The financing...
Uptown living, downtown budget
“I would say it’s the most social building I’ve ever seen,” said Daniel Ellch, a tenant. That’s by design: The developer, Property Markets Group (PMG), is entering the co-living market, offering slightly smaller private...
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...
