$34 million multihousing community in Rochester Minnesota sets record
JLL Capital Markets announced that it has closed the $34 million sale of Red44, a 159-unit multihousing community in Rochester, Minnesota. JLL marketed the property on behalf of the seller, Roers Investments, Reuter Walton Development...
JLL elevates Luke Vanderpoel to co-lead Freddie Mac platform
JLL announced that Luke Vanderpoel has been appointed Senior Managing Director and co-lead of the company’s Freddie Mac platform alongside Senior Managing Director Steve Henderson. Vanderpoel has nearly 20 years of experience in commercial real...
Capital secured for new Class A multihousing community in southeast Michigan
JLL Capital Markets announced that it has arranged $17.8 million in joint venture equity and $39.9 million in construction financing for Avant, a new 253-unit multihousing development in Ann Arbor, Michigan. JLL worked on behalf...
5815 N. Sheridan sells for $43 million to TLC Management
Kiser Group, Chicago’s leading multifamily brokerage firm, represented both the buyer, TLC Management and seller, Greenstone Property Group, in a $43 million, 188-unit off-market deal. Kiser Group’s Principal and Managing Broker Lee Kiser represented...
PCCP, LLC provides $31 million bridge loan to The Pizzuti Companies for the refinance...
PCCP, LLC announced it has provided a $31 million bridge loan to The Pizzuti Companies for the refinance of The Residences at the Sutton, a Class A, 100-unit boutique multifamily asset located in the...
Kiser Group advises on $3.05 million sale of 29 condominium units in uptown Chicago
Kiser Group, Chicagoland’s leading multifamily brokerage firm, announced the sale of 29 condominium units in a 37-unit multifamily property in Chicago’s Uptown neighborhood. The bulk sale represents 75 percent ownership in the condominium association...
72-unit Timber Court Sells for $16 Million
Timber Court, located at 3400-20 N. Old Arlington Heights Rd. in Arlington Heights, Illinois, has sold for $16 million to a Chicago-based portfolio apartment investor. The 72-unit property was listed for sale by multifamily...
Interra Realty brokers $2.9 million sale of 55-unit mixed-use building in Chicago’s Marquette Park...
Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered the $2.9 million sale of 6710 S. Claremont Ave., a 55-unit mixed-use building in Chicago’s Marquette Park neighborhood that includes six...
Greystone Bel’s Chicago office completes sale of five-property portfolio in Rockford, Illinois totaling $43.3...
Greystone Bel Real Estate Advisors Chicago Office recently closed the sale of the Hampton Portfolio in Rockford, Illinois for $43.3 million. The multifamily portfolio consists of five-properties totaling 582 units, which equates to a...
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...
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...
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...
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...
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...
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,...
