M/I Homes grand opens new model townhome at Brentwood in Barrington, Ill.
M/I Homes, one of the most active builders in the Chicago area, announces the unveiling a new decorated townhome model at Brentwood, its new community of 61 townhomes at South Grove Avenue and Dundee...
City Club Apartments breaks ground on City Club-CDB Detroit
Farmington-Hills based City Club Apartments broke ground today on its City Club Apartments—Central Business District (CBD) Detroit mixed-use apartment, furnished short-term and penthouse community. Mayor Mike Duggan and City Club Apartments Chairman, CEO and Detroit native Jonathan...
Iconic downtown Kansas City landmark for sale at $49 Million
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced it has been awarded the exclusive listing for 909 Walnut, a 34-story Art Deco, Gothic Revival-style building and an adjacent eight-story parking garage...
Evergreen Real Estate Group celebrates groundbreaking of 2 co-located library/senior housing projects on Chicago’s...
Evergreen Real Estate Group recently celebrated the groundbreaking of two co-located housing and library projects it is developing in partnership with Mayor Rahm Emanuel, the Chicago Housing Authority and Chicago Public Library. City and...
Dominium hires Angela Solarz as corporate accountant
Dominium, a Minneapolis-based leading apartment owner, developer and manager, today announced that it has hired Angela Solarz as a corporate accountant at its home office in Plymouth, Minn. In Solarz’s new role, she is responsible...
Pathway to Living expands to Michigan with senior housing acquisition
Pathway to Living, a Chicago-based developer, owner and operator of senior living communities, today announced it has completed its acquisition of the property formerly known as Elmcroft of Kentwood in Kentwood, Mich. Located at...
Draper and Kramer adds new senior vice president to acquisitions team
Draper and Kramer, Incorporated, a national full-service real estate firm, is pleased to announce Blas Puzon has joined the firm as a senior vice president on the company’s acquisitions, development and asset management team....
TransUnion + ApartmentJet address short term rental tenant screening challenge
Short-term rentals have caused major disruptions to the apartment industry, sometimes resulting in evictions, lawsuits and even regulatory changes. TransUnion announced it has partnered with ApartmentJet, Inc. to help multifamily property owners and management...
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...