New multihousing community in Milwaukee sells for $53 million
JLL Capital Markets announced that it has closed the $53 million sale of Vim + Vigor, a new, 274-unit, mid-rise multihousing community in the Brewery District of Milwaukee, Wisconsin. JLL marketed the property on behalf...
Interra Realty brokers $5 million sale of 40-unit rental community in Chicago’s Rogers Park...
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $5.025 million sale of 7363-83 N. Winchester Ave., a two-building, 40-unit rental community in Chicago’s Rogers Park neighborhood. The price per...
$21.25M loan arranged for Six Points Apartments near Milwaukee
JLL Capital Markets announced that it has arranged $21.25 million in acquisition financing for Six Points Apartments, a 178-unit, market-rate multihousing community in downtown West Allis, Wisconsin. JLL worked on behalf of the borrower, Spaulding...
Interra Realty brokers $11.45 million sale of 7-building rental community in Chicago’s Albany Park...
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $11.45 million sale of 3634-48 and 3639-47 W. Montrose Ave., a seven-building, 39-unit rental community in Chicago’s Albany Park neighborhood. The...
Interra Realty brokers $1.92 million sale of 12-unit rental community in Chicago’s Norwood Park...
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $1.92 million sale of 6018-6020 N. Avondale Ave., a 12-unit rental community in Chicago’s Norwood Park neighborhood. The price per unit...
120-unit LIHTC housing complex sells for $8.8 million outside Chicago
Affordable HousingInvestment Brokerage Inc. (AHIB) recently sold a 120-unit independent senior living community in Lyons, Illinois for $8,800,000. Managing Director Kyle Shoemaker represented the seller, Barron Development LLC, and buyer, New Frontier Companies, to...
Midwest economy good to multifamily
Focus on the Midwest Amid a global pandemic and its economic repercussions, the American Midwest has remained a place of comparative stability—and opportunity. Wide-open spaces and lower costs of living attract businesses and workers alike. Warehouses,...
$27.5 million refinancing arranged for multihousing community near St. Louis, MO
JLL Capital Markets announced that it has arranged a $27.5 million refinancing of Promenade at New Town*, a 225-unit multihousing community in the St. Louis-area community of St. Charles, Missouri. JLL represented Gold Block Ventures...
Trophy Barrington multihousing property purchased for $20.75 million
JLL Capital Markets announced it closed the $20.75 million sale of 101 West, a trophy apartment community located in the sought-after suburb of Barrington, Illinois, which is about 40 miles from Chicago. JLL worked on...
Pensam acquires 260-unit apartment community in Chicago suburbs
Pensam, a nationally recognized multifamily real estate investment firm managing over $3 billion in assets across its equity and lending platforms, is pleased to announce the acquisition of 1900 at Canterfield, a 260-unit stabilized...
Passco acquires 345-unit Class A multifamily asset in Chesterfield, Missouri for $98 million
Passco Companies, a privately held California-based commercial real estate company that specializes in acquisition, development, and property and asset management throughout the U.S., has acquired a luxury Class A, trophy multifamily asset in Chesterfield,...
Apartments adjacent to the Normandale Office Park sell for $16.45 million
JLL Capital Markets announced it closed the $16.45 million sale of Normandale Lake Estates, a 105-unit multihousing property located in Bloomington, Minnesota. JLL worked on behalf of the seller, Normandale Lake, LLC, to complete the...
Monument Capital Management enters Missouri market with $67.3 million acquisition of 528-unit community in...
Monument Capital Management, an A-Rod CORP company and one of the country’s premier fully integrated real estate investment firms, announces the $67.3 million acquisition of Haven on the Lake, a 528-unit multifamily community in...
Hamilton Point Investments purchases Columbia, Missouri, student housing property
Transwestern Real Estate Services (TRS) announces it has brokered the sale of The Den, a 552-bed student housing community at 1412 Grindstone Plaza Drive in Columbia. Transwestern Senior Managing Directors Mike McGaughy and Jon...
$26.1 million sale of Phoenix apartments in St. Paul’s Battle Creek Neighborhood
JLL Capital Markets announced it closed the $26.1 million sale of the Phoenix Apartments, a 216-unit recently updated multihousing property located in the Battle Creek neighborhood of St. Paul, Minnesota. JLL worked on behalf of...