Related Midwest marks installation of final steel beam at One Bennett Park in Downtown...
Developer Related Midwest and general contractor Lendlease this week marked the completion of structural steel work at One Bennett Park, Related’s ultra-luxury residential development at 451 E. Grand Ave. in Chicago’s Streeterville neighborhood. Designed...
$161.9 million multifamily portfolio in Los Angeles county sold by IPA
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of an eight-property, 644-unit multifamily property portfolio in Los Angeles County, California. The sales price is $161,914,700. “We generated 130 offers and...
Immediate-delivery townhome available at Provenance near Northbrook, Ill.
Red Seal Homes today announced it has completed a move-in-ready townhome at Provenance, the builder’s master-planned community of single-family homes, duplexes and townhomes in the Northbrook area of unincorporated Cook County, Ill. “Though the Terrace...
Builder confidence in the 55+ housing market remains healthy in first quarter
Builder confidence in the single-family 55+ housing market dropped five points to 66 in the first quarter of 2018, according to the National Association of Home Builders' (NAHB) 55+ Housing Market Index (HMI) released today. The decline...
MBA forecasts slight decline for commercial/multifamily originations in 2018
The Mortgage Bankers Association (MBA) projects commercial and multifamily mortgage originations will decline slightly in 2018, ending the year at $519 billion, down two percent from the 2017 volumes. MBA expects volumes to remain...
$43.55 million suburban Phoenix multifamily sale brokered by IPA
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Vue Park West, a 260-unit multifamily asset located within Park West, a 250,000-square-foot open-air lifestyle center in Peoria, Arizona. The...
New research on rent control confirms negative economic, social impacts
Rent control policies are laws that cap rents and are usually implemented with the stated purpose of improving housing affordability. In fact, they may do just the opposite, according to an in-depth review of...
City Club Apartments hires Carie Wagner as assistant vice president of management operations
City Club Apartments (CCA), an owner, developer and manager of urban mid-rise and high-rise apartments and penthouses, announced that Carie Wagner has joined the team as assistant vice president of management operations. City Club...
Maytag Commercial Laundry offers a look at new multi-load washer production line
As part of the 59th Maytag Commercial Laundry Meeting in Fall River, Massachusetts,150 people gathered today including Fall River Mayor Jasiel Correia; City Councilman Cliff Ponte; and Bristol County Chamber of Commerce Manager of Business...
Levin Johnston creates win-win for buyer and seller with $15 million multifamily asset trade...
Levin Johnston, one of the top ten multifamily brokerage teams in the U.S., has directed the $15 million sale of Velocity at Sequoia Station, a 30-unit multifamily community in Redwood City. Levin Johnston represented both...
Draper and Kramer promotes David Newton to regional property manager
Draper and Kramer, Incorporated, a national real estate services firm, is pleased to announce it has promoted David Newton to the position of regional property manager. In his new role, Newton will oversee two...
Pre-leasing begins at Clarkview Apartments in Chicago’s Lakeview Neighborhood
Chicago-based Spaces Real Estate today announced that pre-leasing is underway at Clarkview Apartments, an upscale rental community at 3226-28 N. Clark St. in Chicago’s Lakeview neighborhood, two blocks east of the Belmont CTA station....
S.L. Nusbaum Realty Co. breaks ground on phase II of Valor Apartment Homes in...
S. L. Nusbaum Realty Co. is pleased to announce the groundbreaking of Phase II of Valor Apartment Homes, a 120-unit contemporary affordable housing community. The completion of this project will bring the total number of...
StreetLights Residential breaks ground on second Northwest Austin community, The Elizabeth
StreetLights Residential, a design-focused multifamily and mixed-use developer, recently broke ground on a luxury multifamily community, The Elizabeth at Presidio. StreetLights’ first development in this growing northwest Austin neighborhood, The Michael at Presidio, a...
JMF Properties named redeveloper of former Colgate-Palmolive property in Morris Township
JMF Properties, the Whippany-based development and management firm with more than 25 years of experience in the industry, announced today that it has been designated the redeveloper of the former Colgate-Palmolive industrial campus on...
