Chicago
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.
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.
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.
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.
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.
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.
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.
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.
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.
Chicago’s Rogers Park Gets New Affordable Housing
Walsh Construction and the Chicago Housing Authority broke ground on a 54-unit community located on a vacant lot which hosted the former Adelphi Theater.