Chicago
Arbor Realty Originates $50M Refi for Chicago-Area Assets
Two recently renovated suburban Chicago properties built in the 1970s have received Fannie Mae refinancing following the conclusion of major value-add programs.
Cushman & Wakefield Represents Fifield Cos. in Chicago Deal
Jason Stevens and Todd Stofflet arranged the sale of Luxe on Chicago and secured one of the highest per-unit prices in the city’s West Town neighborhood.
The Habitat Co. Bolsters Condominium Division
David Barnhart, the newly appointed vice president, will work alongside Shruti Kumar, appointed as regional manager, in overseeing the company’s portfolio in Chicago, Detroit and Tampa.
Monument Capital Management Expands Chicago-Area Portfolio
The company purchased Townhomes at Highcrest in Woodbridge as part of Monument Opportunity Fund IV and is planning capital improvements for all the buildings.
Chicago Luxury Community Breaks Ground
The 188-unit transit-oriented development located in the city’s River West neighborhood is slated for completion in 2020.
Strawberry Fields Pays $15M for IL Skilled Nursing Facility
The current tenant of Landmark of Des Plaines, which leased the property at the beginning of 2018, will continue to operate under its 10-year lease.
Chicago Multifamily Report – Summer 2019
The metro remains one of the few gateway markets that face a housing deficit in the year ahead, despite the record number of units scheduled for completion by year’s end.
The Habitat Co. Takes Charge of Chicago Affordable Housing Portfolio
The firm now manages an additional 18 affordable communities owned by the Chicago Housing Authority. The properties are located across the Windy City’s West and South sides.
Interra Realty Promotes 2 Managing Partners
Joe Smazal and Brad Feldman, who have been with the company for more than five years, will serve as senior managing partners.
Chicago High-Rise Lands $70M Financing
The Fannie Mae loan, provided by Greystone for Maryland-based Foundation Housing, will help keep the 256-unit community affordable for lower-income residents for many years to come.