Multifamily news in Chicago
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Development Boom Tempers Rent Growth in Chicago
The city has seen costs moderate, in keeping with the nation as a whole, and features a bifurcation between luxury and working-class units.
27 July 2017 08:41 -
JVM Brings Improvements to IL Property
The Aventine at Oakhurst North, a 464-unit community in Aurora, Ill., features an entirely renovated clubhouse. Several other interior and exterior upgrades are underway.
27 July 2017 06:17 -
West Side Chicago Welcomes New Affordable Housing
Harvest Homes will offer 36 two-, three- and four-bedroom units located at one contiguous site in East Garfield, Chicago. The total development cost was $12 million.
26 July 2017 20:13 -
Chicago Student Housing Tower Changes Hands
University Center Chicago, acquired by AXA Investment Managers - Real Assets and Blue Vista Capital Management, totals 1,732 beds and is proximate to 22 universities.
25 July 2017 16:39 -
Tiny Living Gets Bigger
In this video, Tomas Eliaeson and Thomas Carlson-Reddig of Little discuss why this trend is becoming a more functional choice for universities and what goes into creating these spaces.
12 July 2017 17:33 -
Marcus & Millichap Closes on Illinois Multifamily Sale
The community is located in Mount Prospect, Ill., and consists of three 14-unit buildings. The units offer a mix of one- and two-bedroom layouts of 650 and 850 square feet respectively.
07 July 2017 17:39 -
Construction Kicks Off at Chicago’s Wolf Point East
The 60-story, 698-unit luxury apartment tower represents the second phase of the Wolf Point master plan, a three-phase project built by Hines along the Chicago River.
04 July 2017 15:36 -
WTC Secures $70M for Suburban Chicago Property
The company obtained construction and permanent financing for the 301-unit residential component of Wheeling Town Center, a mixed-use development.
28 June 2017 08:28 -
Interra Closes on Chicago Multifamily Deal
The 43-unit property located in Rogers Park changed hands for $3.9 million. In addition to the residential units, the building offers 1,200 square feet of office space.
27 June 2017 09:10 -
Berkadia Secures $23M Loan for Chicago-Area Assets
Ridge Garden Apartments and Indian Trails Apartments, two affordable multifamily properties in the greater Chicago area, will undergo capital improvements.
23 June 2017 16:41 -
Leasing Starts at New Chicago Mixed-Use
JDL Development's SixForty, located in the River North neighborhood, includes a 23-story tower with 250 units and 8,000 square feet of retail.
23 June 2017 08:56 -
Kiser Group Negotiates $12M Chicago Multifamily Deal
The sale of the 80-unit property marks the highest price per unit—$144,000—for a four plus one asset north of Irving Park Road.
22 June 2017 15:49 -
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