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...
Aided by tax credits, adaptive reuse pays off for developers
These adaptive reuse projects are often costlier than new construction and fraught with challenges, but the consensus among developers is that the reward is worth the risk. “It’s economic development,” says Nick Anderson, a developer...
CA Senior Living announces start of construction on 128-unit Atria at River Trail in...
CA Senior Living LLC, the senior housing investment and development division of Chicago-based CA Ventures, today announced construction is underway on Atria at River Trail, a 128-unit senior living community at the corner of...
RMK Management Corp. announces LEED gold certification at The Residences of Wilmette Luxury Apartments...
RMK Management is proud to announce The Residences of Wilmette, a five-story transit-oriented rental community in downtown Wilmette, Ill., has earned LEED Gold certification from the U.S. Green Building Council (USGBC). The upscale rental...
Paradigm shift
The partners, who come from family-owned multifamily businesses with a combined 150 years of experience, plan to redefine the future of urban rental living by developing and managing apartment communities based on five principles:...
Single-family landlords sink cash into Rust Belt rentals
Beahn buys and renovates a single-family home, hires a property manager and finds a tenant—then sells the whole package to an investor. He works mostly in the historic neighborhoods west of Detroit’s downtown, where...
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...
Which amenities matter to renters?
As the building boom in downtown Chicago rolls well into another year, competition among developers in attracting new renters has hit a fever pitch. Nearly 6,600 apartments are scheduled for delivery this year in...
Thousands of downtown Detroit apartments are on the way
The new construction represents the latest wave in what promises to be a flood of new residential projects to downtown. Multiple other projects are in various stages of planning for the next two to...
The big take
That is until they learned that zoning changed during their ownership, recategorizing their parcel as wetland, and making it of no market value. Still, a grandfather clause protected lots prior to 1976, as was...
Detroit puts hopes in corporate subsidies
Led by Dan Gilbert, owner of Quicken Loans Inc., they are trying to rebuild everything--retail, housing, start-ups, transit and even street life--in the seven-square-mile downtown area. Their theory is that a thriving core will lift...
A steady eye
A public, non-listed REIT sponsored by Steadfast REIT Investments, LLC that launched at the end of 2013 is seeking to capitalize on strong job growth and pent-up demand for apartments in the greater Midwest...
Let the games begin
The object of the game is for Chicago residents to take simple steps to reduce energy usage, resulting in lower utility bills for families and property owners, and a smaller carbon footprint for the...
Living in the Roman tradition
You can still find relics of the building's school days, but now the space mostly houses the diocese offices, Catholic Charities and the Catholic Herald, among other things. Some past and present priests also...
Sustainability: the new green
The sustainability consultants at Minneapolis-based Sustology saw the stream, which runs from the Mississippi River underneath the Pillsbury A Mill, as a rare opportunity for installing a hydro-thermal system for warming and cooling the...
