Chicago
Condo Developments Poised for Return in Chicago
It may be time for large-scale high-rise condo developments to return to Chicago, declares Related Midwest President Curt Bailey, speaking at yesterday’s Marcus & Millichap/IPA Multifamily Forum.
Is Overbuilding Threat Overblown?
Speaking at a forum in Chicago, Marcus & Millichap’s John Sebree weighs in on today’s complex market dynamics and how they affect multifamily investment prospects around the country.
Security Properties to Rehab Illinois Community
The Seattle-based company closed on University Village, a 534-unit affordable housing development in DeKalb, Ill. The new owner will renovate the property, which will maintain its affordable status for at least the next 15 years.
Fifield Tops Off, Starts Preleasing Chicago Luxury Tower
The luxury community, which the developers say is “the first of its kind on the Gold Coast in more than 40 years,” will be open to residents in the summer of 2017.
Lendlease, Related Midwest Celebrate Topping Out of Landmark West Loop
The 442,845-square-foot property features 300 luxury studios, convertibles, one-, two- and three-bedrooms apartments and associated parking.
GlenStar Debuts Luxury Apex 41 Development
Greystar is serving as the manager for the 181-unit community.
ARA Lands Luxury Community in Chicago’s West Loop
The Madison at Racine, a 216-unit property, was almost fully occupied at the time of purchase.
KIG Makes New Promotions
The company promoted Laura Ballou and Daniel Gonzales as senior associates.
KIG Expands Chicago Team
The firm added Marissa Pellegrini as sales director and promoted Jason Stevens to senior sales director.
Illinois Skilled Nursing Portfolio Trades for $29M
CareTrust REIT has acquired five skilled nursing facilities and entered into a new tenant relationship with WLC Management.