Multifamily news in Chicago
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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 -
Meridian Capital Secures $23M for Illinois Community
The equity and bridge financing was obtained on behalf of Odessa Partners and used for the purchase of Stratford Trails, a community in Glendale Heights, Ill. The buyer intends to upgrade the asset.
25 August 2017 10:45 -
29SC Acquires 6th Chicago Community
The asset, Wooded Isle Apartments, is located in Hyde Park, only eight miles from downtown. The community offers 75 units.
23 August 2017 09:21 -
Coldwell Banker Acquires McMullen Real Estate
The Chicago-area brokerage firm is the third to join Coldwell Banker in the past three months, following the acquisitions of Groebe Real Estate and Chicagoland Realty Services.
22 August 2017 15:42 -
Habitat Lands, Assumes Management of Chicago Asset
The multifamily developer and property manager purchased and assumed property management of Eastwood Garden, an affordable community in the Englewood neighborhood. The company will manage two other properties in the Chicago area.
21 August 2017 17:40 -
Affordable Senior Community Opens in Richmond, IL
The 25-unit community offers one- and two-bedroom apartments for $866 and $1,039, respectively, and is Energy Star Certified.
18 August 2017 19:11 -
Michigan Ave. Tower Scores $150M Refi
MILA, an upscale 402-unit property in Chicago’s East Loop, was developed by a joint venture led by John Buck Co. Proceeds will refinance the construction loan.
18 August 2017 10:36 -
$14M Affordable Housing Opens in Chicago
A joint venture has opened Harvest Homes, the first new housing of this type to be built in the East Garfield Park neighborhood in more than 30 years.
08 August 2017 16:16 -
Chicago’s Aurélien Ready for Residents
Ryan Cos. completed the 31-story, 368-unit luxury tower some two years after it broke ground on the high-rise project. The cost of the development reached $100 million.
02 August 2017 15:05