Multifamily news in Chicago
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Chicago Multifamily Report – Winter 2021
Mirroring most other gateway metros, the city is slower to recover when compared to secondary markets.
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Meet Octave: 2020 MHN Excellence Gold Winner for ‘Development & Design in Student Housing’
A slideshow of the award-winning entry by Humphreys & Partners Architects and Gilbane Development Co.
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Lendlease, Magellan Top Off Lakefront Towers in Chicago
Located adjacent to a new park, Cirrus and Cascade are two of three high-rises planned for a prominent parcel in the Lakeshore East neighborhood.
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Ryan Cos. Breaks Ground on $117M Chicago Senior Community
The long-debated project will bring 258 senior housing units and additional commercial space to the city's Six Corners district.
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Randolph Street Realty Capital Pays $25M for Chicago-Area Condos
Lawton Realty Group sold 185 apartments at Ashton Condominiums, a 240-unit community in Arlington Heights.
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McHugh Construction Co. Completes 2 Chicago Communities
The firm has finished construction of the 188-unit Westerly and the 800-unit NEMA Chicago.
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MZ Capital Begins Pre-Leasing Suburban Chicago Community
The 112-unit property in Naperville, Ill., is expected to welcome residents in April.
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Kiser Group Arranges Suburban Chicago Sale
Matt Halper, Danny Mantis and Lee Kiser represented both parties in the 80-unit transaction in Lockport, Ill.
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Marcus & Millichap Arranges Chicago Apartment Sale
Kyle Stengle and Steve Rachman assisted the seller and procured the buyer of a 31-unit community in Lincoln Park.
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Greystone Arranges $95M Financing for Multifamily Trio
The Freddie Mac loans will refinance two Class B communities along the East Coast and one in the Midwest.
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The Habitat Co. to Manage 1,010 Chicago Units
The firm is adding two condo properties in the South Loop and Bronzeville neighborhoods to its management portfolio.
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Suburban Chicago Community Lands $55M Refi
Greystone originated the 35-year, HUD Section 223(f) loan for the 360-unit community in Bloomingdale, Ill.
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Essex Realty Arranges 2 Sales in Chicago’s Lincoln Park
The brokerage worked on behalf of all parties in the sales totaling $14.4 million.
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Kiser Group Arranges Chicago Condo Deconversion Sale
Andy Friedman, Jake Parker, Danny Logarakis and Rick Ofman arranged the sale of the 28-unit Rogers Park community.
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Kiser Group Brokers Sale in Chicago’s South Shore
Partners Noah Birk and Aaron Sklar arranged the sale of the apartment community at a record per-unit price for the neighborhood.