Multifamily news in Chicago
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Interforum Debuts Chicago-Area Luxury Townhomes
Featuring designs inspired by the work of Frank Lloyd Wright, the community comprises 29 luxury townhomes on the site of a former lumberyard.
20 June 2017 15:43 -
Strategic Properties Buys Condos, Plans Deconversion
The company purchased the 207-unit Bel Harbour building in Chicago for $51.5 million, the largest bulk sale in the city to date.
16 June 2017 13:47 -
Tiny Living Brings Big Changes to Student Housing
At the 2017 NeoCon show, Tomas Eliaeson and Thomas Carlson-Reddig of Little discuss how universities can embrace smaller units without sacrificing design or space.
14 June 2017 15:14 -
Kiser Group Promotes John Meyer to Senior Director
He has been with Kiser Group for more than eight years, having joined the company as managing director. His responsibilities cover the apartment middle market in the Chicago area.
13 June 2017 14:36 -
Greystone Appoints 2 Managing Directors in Chicago
William Montana and Christopher Sackley will coordinate the firm's multifamily sales advisory efforts in the Midwest and report to President Jim McDevitt.
09 June 2017 09:25 -
South Side Chicago Affordable Housing Completed
Brinshore Development's Park Place includes 78 units within West Elsdon's Back of the Yards neighborhood. McShane Construction worked as the contractor and provided all site work.
09 June 2017 08:44 -
Kiser Group Closes Sale of Illinois Community
The 152-unit apartment complex in Montgomery, Ill. sold for $10.9 million as part of a 1031 exchange between the owner and a Chicago-based investor.
07 June 2017 14:02 -
Habitat Co. Lands $16M Chicago Affordable Housing
The company plans on making substantial renovations to East Park SRO, a 153-unit property in the East Garfield Park neighborhood. Plans include upgraded lighting, mechanical systems, masonry, landscaping and a new roof.
30 May 2017 16:17 -
Kiser Group Brokers 370-Unit Multifamily Deal in Chicago
The $29-million real estate portfolio consists of 21 residential buildings located in various South Side neighborhoods. The properties offer studios, one-, two-, three- and four-bedroom units, as well as retail space.
25 May 2017 08:50 -
Marcus & Millichap Arrange Luxury Condo Sale in Chicago-Area
The community comprises six buildings, each of them made up of 12 two-bedroom, two-bathroom units. Firethorne Luxury Apartments changed hands for $8.3 million, in which the buyer and seller were both represented by investment specialists at Marcus & Millichap.
22 May 2017 20:33 -
Chicago Rents Inch Up; Highest Increase in Douglas Neighborhood
2016 was a year of moderate rent increases in the city of Chicago. The average price for a rental in Chicago went up 5.9 percent year-over-year, closing the year at $1,738/month.
22 May 2017 20:05 -
Leasing Begins at LMC’s Chicago Apartments
The Emerson, a mixed-use, transit-oriented development, features 270 units in a five-story, low-rise building and a 20-story high rise.
22 May 2017 15:00 -
Brinshore, McShane Deliver Chicago Mixed-Use Project
Clybourn 1200, a mixed-income apartment building in Chicago's Old Town neighborhood offers 84 studio, one-, two- and three-bedroom units, as well as 17,000 square feet of ground-floor retail space.
18 May 2017 18:39 -
CIM Expands Chicago Portfolio With 2 Acquisitions
The buildings at Wicker Park offer 96 residential units, 23,000 square feet of street-level retail space and 17,400 square feet of creative office space.
18 May 2017 08:01 -
Meridian Lands $20M Loan for Chicago Asset
Meridian secured a bridge loan for the acquisition of Ivy Park Homes, a rental townhome community in the South Side neighborhood.
16 May 2017 11:45