Sale of student housing community near University of Illinois closes
JLL Capital Markets announced that it has closed the sale of and arranged acquisition financing for Illini Tower, a student housing community located near University of Illinois Urbana-Champaign. The JLL Capital Markets Investment Sales team...
Mesa West Capital originates $85 million in first mortgage debt to finance the acquisition...
Mesa West Capital has provided Minneapolis-based multifamily investment firm Bader Diamond Funds (BDF) with $85 million in first mortgage debt for the acquisition of Hampshire Hill, a 534-unit community in the Minneapolis suburb of...
Stella Pappas joins TruAmerica Multifamily as Senior Managing Director and Head of Investor Relations
Stella Pappas has joined TruAmerica Multifamily as Senior Managing Director and Head of Investor Relations, announced Noah Hochman, Co-Chief Investment Officer and Head of Capital Markets Pappas, with nearly two decades of real estate investment...
Unintended consequences of rent control
A study by the USC Marshall School of Business finds that the recent rent control initiative approved by voters in St. Paul Minn. negatively impacted property values for both renter- and for owner-occupied properties....
Interra Realty brokers $4.7 million sale of 30-unit multifamily property in Chicago’s Buena Park
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $4.7 million sale of 755 W. Buena Ave., a 30-unit rental community in the Buena Park section of Chicago’s Uptown neighborhood....
Interra Realty brokers $12 million sale of 34-unit rental community in Chicago’s Hyde Park...
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it negotiated the $12 million sale of 5505 S. Dorchester Ave., a 34-unit rental community in Chicago’s Hyde Park neighborhood. The price per unit...
Minnesota multihousing community sells for $65.158 million
JLL Capital Markets announced that it has closed the $65.158 million sale and arranged acquisition financing for Beyond Apartments, a 255-unit, mid-rise multihousing community located in the Minneapolis-St. Paul suburb of Woodbury, Minnesota. JLL marketed...
$67 million in refinancing secured for a Minnesota multihousing community
JLL Capital Markets announced that it has arranged a $67 million refinancing for Nolan Mains, a 100-unit, mixed-used, mid-rise apartment community located in the 50th and France neighborhood of Edina, Minnesota. JLL worked on behalf...
Debt and equity capitalization secured for 275-unit multihousing development in Minneapolis-St. Paul
JLL Capital Markets announced that it has arranged construction financing and secured equity for the development of Minnetonka Station, a 275-unit, Class A, transit-oriented multihousing development project in Minnetonka, Minnesota. JLL represented Linden Street Investments...
JVM Realty hires Steve Boyack as Chief Operating Officer
JVM Realty Corp., a leading vertically integrated multifamily real estate investment and property management firm, announced that Steve Boyack has joined the firm as chief operating officer. As a member of the executive leadership...
Interra Realty brokers pair of multifamily transactions totaling $10.2 million in Chicago’s Hyde Park,...
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the sale of two multifamily properties on Chicago’s South Side: 5124-32 S. Kimbark Ave., a 44-unit condo deconversion in Hyde Park; and...
Marcus & Millichap completes 220-unit apartment sale in Suburban Chicago
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Fox Run Apartments, a 220-unit apartment complex in St. Charles, Illinois. “Built...
The Michaels Organization acquires affordable housing portfolio in Indiana
The Michaels Organization, a national leader in residential real estate with full service capability in development, property management, construction, and investment, announced that it has acquired a 12-property residential portfolio in Indiana. The portfolio...
CRG expands residential croup with Morgan Whiteley as new director of investments
CRG, the national real estate development and investment firm, announced the expansion of its residential group by adding Morgan Whiteley to serve as its new director of investments. In her role, Whiteley will support the...
Sale of multihousing community in Minneapolis closes for $61.6 million
JLL Capital Markets announced that it has closed the $61.6 million sale of Marquee, a 231-unit, mid-rise multihousing community located in the Loring Park neighborhood of Minneapolis, Minnesota. JLL represented the seller, Reuter Walton Development. KC...
