Multifamily news in Chicago
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Interra Realty Brokers Sale of Vintage Chicago Community
An affiliate of LEM Equities paid $2.9 million for the mixed-use building. The deal resulted in one of the highest per-unit prices in the Bucktown neighborhood.
29 November 2018 19:03 -
Nonprofit Expands IL Footprint With 569-Unit Buy
Lynd Co. arranged the acquisition of Timber Oaks in Ingleside and Prairie View in Woodstock on behalf of Invest in America’s Veterans Foundation.
29 November 2018 11:34 -
CA Ventures Adds New VP
Taylor Gunn brings many years of experience in student housing analytics. She will lead the company’s market research and development strategies across Europe.
28 November 2018 12:42 -
The Habitat Co. Wraps Up $16M Rehabilitation of Affordable Chicago Community
The 153-unit property in East Garfield Park first came online in 1996. The current project is part of the city’s $1.3 billion Five-Year Housing Plan.
27 November 2018 10:43 -
$200M Mixed-Use Development Coming to Chicago
Ogden Commons will be built on 10 acres on the city’s West Side, bringing hundreds of mixed-income housing units, along with commercial and retail space to the area starting next year.
26 November 2018 17:55 -
Industry Experts Debate Chicago’s Multifamily Future
Real estate professionals gathered last week to discuss the Windy City’s biggest real estate challenges and opportunities during the Lincoln Park Builders of Chicago’s annual Real Estate Forum.
21 November 2018 15:14 -
Draper and Kramer Acquires Chicago Luxury Apartments
CBRE facilitated the sale of the 180-unit rental property that was sold as part of a 1031 exchange. The new ownership assumed management of the community.
20 November 2018 16:20 -
Chicago Multifamily Tower Lands $149M Refi Loan
The Gallery on Wells is a recently completed 40-story residential building situated in the River North submarket.
13 November 2018 16:43 -
Chicago Luxury Tower Lands $215M Refi
Perkins Coie represented the borrower, Optima Inc., in arranging a loan to refinance construction debt on the 57-story Optima Signature high-rise.
06 November 2018 16:18 -
Common, CityPads Break Ground on Chicago’s Largest Co-Living Home
Upon completion, Common Addams will include 223 beds and access to more than 5,000 square feet of shared amenity space, marking the partnership's third project in the city.
05 November 2018 16:32 -
In Case You Missed It: MHN’s Top 5 Posts in October
Miss any of our articles? Catch up with five of our most popular posts for the month.
01 November 2018 16:25 -
Chicago’s Condo Deconversion Sales: Will the Trend Last?
Interra Realty Managing Partner Patrick Kennelly weighs in on how the practice is affecting the market and reveals details of his company's investment strategy.
01 November 2018 14:34 -
Redwood Capital Group Acquires Chicago-Area Community
Located in a suburb of Chicago, The Residences of Orland Park Crossing comprises a mix of luxury apartments and large townhomes. The seller is REVA Development Partners.
30 October 2018 15:54 -
Chicago-Area Community Trades for $131M
FPA Multifamily picked up the 758-unit asset, financing the acquisition with a 12-year, $95 million Fannie Mae mortgage originated by Berkadia.
29 October 2018 14:58 -
Berkadia Facilitates $49M Financing for Chicago Redevelopment Project
The company arranged a non-recourse renovation loan with Granite Point Mortgage Trust on behalf of developer CEDARst Cos.
25 October 2018 14:43