Chicago
ZOM Living to Break Ground on Luxury Chicago Property
The 357-unit community is Union West in the Loop downtown district. It will consist of two Class AA, Green Globes-Certified residential towers atop a three-story podium.
American Realty Advisors Welcomes New Executive VP
Based in Chicago, industry veteran Glen Weisberg will oversee the firm’s multifamily acquisition and disposition strategy.
Castle Lanterra Sells $50M Chicago Community
The 424-unit Midpointe underwent extensive upgrades to both the interiors and exteriors, including the addition of a resident lounge and fitness center created from underutilized storage space.
Chicago’s Hartman Building Lands $45M Financing
Walker & Dunlop arranged the construction loan through HUD. The funds will go into turning the office building into a multifamily property.
On the Market: 5 Interesting Listings for the Week of 2/5
This week’s listings include a five-property LIHTC portfolio across the Baltimore and Washington, D.C., metros; a new community in Oregon; and a recently renovated property in Riverview, Fla.
Chicago Apartments Achieve LEED Gold
M&R Development’s The Residences of Wilmette, which has 75 units, opened in October. The property features a green roof with drought-resistant vegetation and environmentally kind flooring, paints and sealants.
Marcus & Millichap Arranges Sale of IL Prospective Development
Richard Kozarits, Tami Andrews, Joseph Sigal and Richard Lynn were all part of the team involved in the $7 million sale of parcels totaling 35,000 square feet. The land will be used to build The Albion at Evanston, a luxury community in Evaston.
Kiser Group Brokers Chicago Community Deal
The firm’s Principal & Managing Broker Lee Kiser together with Broker Associate Rick Ofman represented the seller in the $3.6 million transaction.
Hubbard Street Group Develops Luxury Chicago Property
Fields Lofts, underway in the former Marshall Field’s warehouse in Logan Square, will include, will include a co-working space, a chef’s kitchen and 94 parking spaces.
BLVD Capital Acquires $26M Affordable Housing Portfolio
The two affordable housing properties in Chicago contain more than 300 units and are located near major highways and public transportation options.