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...
Interra Realty Brokers $3.7 Million Deconversion Sale in Evanston, Ill.
Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered the $3.7 million deconversion sale of 122-130 Callan Ave. in Evanston, Ill. The buyer plans to convert the building’s 25...
HFF closes sale and arranges financing of 3 downtown Kansas City apartments buildings
Holliday Fenoglio Fowler, L.P. (HFF) announces it has closed the sale of and arranged financing totaling $51.135 million for a three-property, 335-unit apartment portfolio in downtown Kansas City, Missouri.
HFF marketed the property on behalf...
Historic Chicago apartment development earns 2018 HUD secretary award
The U.S. Department of Housing and Urban Development (HUD) and the Advisory Council on Historic Preservation (ACHP) today announced Chicago’s Rosenwald Courts Apartments, once home to boxer Joe Louis, and Olympian Jesse Owens, as...
55+ housing community near Minneapolis sold for $18.75 million
JLL Capital Markets announced that it handled the $18.75 million sale of The Estates at Arbor Oaks, an Active Adult 55+ Community near Minneapolis, Minnesota.
JLL worked on behalf of the seller, Estates of Arbor...
Interra Realty brokers $3.84 million sale of 4-building multifamily portfolio near O’Hare International Airport
Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered the $3.84 million sale of a four-building, 27-unit portfolio that includes assets on Chicago’s Far Northwest Side and in the...
$99.5 million financing secured for Chicago trophy apartment tower acquisition
JLL Capital Markets announced that it has closed the $99.5 million financing of The Elle, a 496-unit, trophy, high-rise multihousing community in the South Loop submarket of Chicago, Illinois.
JLL worked on behalf of 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...
