Chicago
Company Spotlight: Kiser Group
After a strong year, which translated into $144 million in closed transactions, principals Estella and Lee Kiser have decided to focus on company re-branding, culture and staff retention in 2017.
Top 10 Apartment Owners in Chicago
Chicago has a stable market, with more than 8,000 new units scheduled to come online this year. This list highlights the metro’s top private, REIT and institutional owners, based on unit counts, according to Yardi Matrix data.
Meridian Capital Secures $23M for Illinois Community
The equity and bridge financing was obtained on behalf of Odessa Partners and used for the purchase of Stratford Trails, a community in Glendale Heights, Ill. The buyer intends to upgrade the asset.
29SC Acquires 6th Chicago Community
The asset, Wooded Isle Apartments, is located in Hyde Park, only eight miles from downtown. The community offers 75 units.
Coldwell Banker Acquires McMullen Real Estate
The Chicago-area brokerage firm is the third to join Coldwell Banker in the past three months, following the acquisitions of Groebe Real Estate and Chicagoland Realty Services.
Habitat Lands, Assumes Management of Chicago Asset
The multifamily developer and property manager purchased and assumed property management of Eastwood Garden, an affordable community in the Englewood neighborhood. The company will manage two other properties in the Chicago area.
Affordable Senior Community Opens in Richmond, IL
The 25-unit community offers one- and two-bedroom apartments for $866 and $1,039, respectively, and is Energy Star Certified.
Michigan Ave. Tower Scores $150M Refi
MILA, an upscale 402-unit property in Chicago’s East Loop, was developed by a joint venture led by John Buck Co. Proceeds will refinance the construction loan.
$14M Affordable Housing Opens in Chicago
A joint venture has opened Harvest Homes, the first new housing of this type to be built in the East Garfield Park neighborhood in more than 30 years.
Chicago’s Aurélien Ready for Residents
Ryan Cos. completed the 31-story, 368-unit luxury tower some two years after it broke ground on the high-rise project. The cost of the development reached $100 million.