Multifamily news in Chicago

Chicagoland, Boston Senior Living Communities to Break Ground
Deploying a budget of $64.5 million, Capital Senior Housing will develop two new assets comprising more than 150,000 square feet and nearly 180 apartments in Glenview and Andover.
Senior Housing
Peak Campus to Manage 504-Unit Student Housing Community
University Center Chicago was acquired by a joint venture between AXA Investment Managers – Real Assets and Blue Vista Capital Management back in July. The 18-story building is located in the heart of the city and will undergo an interior renovation.
Student Housing
Loukas Kicks Off Construction at Chicago Luxury Tower
The 148-unit building will be located in the Greektown neighborhood of Chicago’s West Loop. Additionally, the property will offer 7,500 square feet of retail space.
Luxury

  • Tribune Media Unveils Chicago River District Master Plan

    The redevelopment plan by the firm's subsidiary Tribune Real Estate Holdings calls for the conversion of 37 acres of underused industrial land into a dynamic neighborhood that could accommodate 19,000 jobs and 5,900 residential units.

    09 October 2017 15:55

  • Unveiled: Wilmette’s First New Rental Property in a Decade

    M&R Development and Globe Corp. developed the new Residences of Wilmette, in Wilmette, Ill. The community was built to achieve LEED Silver certification and is located within commuting distance to Chicago.

    09 October 2017 15:20

  • Top 10 Largest Chicago Submarkets by Sales Volume

    In the first three quarters of 2017, several Chicago submarkets exceeded $100 million in multifamily transactions. Core city areas remain at the top of the list, tallying more than half a billion dollars in sales during the same time period.

    06 October 2017 15:54

  • Affordable Indiana Community Lands Refi

    The $6.6 million loan will be used to refinance Woodland East Apartments, a 224-unit affordable housing property in Michigan City.

    05 October 2017 13:10

  • Thrive Acquires 2 Senior Housing Properties, Launches Sister Firm

    The acquisition expanded the company’s senior housing portfolio to four assets, which drove the firm to launch a new division—TFP Senior Living—headed by Anthony Fulco.

    27 September 2017 15:41

  • Fifield Fetes Grand Opening of The Sinclair in Chicago

    The luxury rental community adds a large slate of upscale units to Chicago's Gold Coast neighborhood, spurring talk of a resurgence.

    22 September 2017 15:17

  • Arbor Realty Appoints New VP

    Sam Gold will be in charge of Freddie Mac SBL, Fannie Mae and FHA loan originations for clients in the Midwest. He will be based in the company’s Chicago office.

    21 September 2017 09:06

  • Capital One Refinances Illinois Nursing Facility

    The $21.5 million fixed-rate HUD loan will be used to refinance Avantara Long Grove, a senior nursing facility in Long Grove, Ill.

    14 September 2017 15:15

  • Chicago’s Woodlawn: A Success Story in the Making

    In the last few years, the long-struggling neighborhood has seen robust construction activity in the housing and retail sectors. Nonprofit developer POAH together with the city of Chicago have initiated a series of affordable housing projects meant to transform the community and trigger other residential, educational and cultural developments.

    13 September 2017 10:55

  • ARA Adds New SVP to Chicago Team

    James Mitchell, who brings with him 30 years of experience in real estate, will be responsible for overseeing the firm’s sales and client relationships.

    11 September 2017 17:25

  • Wheaton Center: Revival Project Provides New Life

    It’s hard to miss Wheaton Center. Two of its six buildings are the tallest in the city of Wheaton, a suburb about 30 miles west of Chicago.

    05 September 2017 12:16

  • On the Market: 5 Interesting Listings for the Week of 8/28

    This week's listings include a newly renovated property in Whittier, Calif., with an abundance of amenities and a historic asset with original 1912 architecture in the trendy Portland neighborhood of Hollywood.

    01 September 2017 15:32

  • XFD Unveils IL Student Housing Community

    In partnership with Lewis & Clark Real Estate, the company debuted the 428-bed, mixed-use 212 East, located in Champaign, Ill. The community will serve the students of the University of Illinois.

    30 August 2017 16:09

  • Company Spotlight: Kiser Group

    After a strong year, which translated into $144 million in closed transactions, principals Estella and Lee Kiser have decided to focus on company re-branding, culture and staff retention in 2017.

    28 August 2017 13:06

  • Top 10 Apartment Owners in Chicago

    Chicago has a stable market, with more than 8,000 new units scheduled to come online this year. This list highlights the metro’s top private, REIT and institutional owners, based on unit counts, according to Yardi Matrix data.

    25 August 2017 16:23