Chicago
Multifamily Developer Shifting Focus to Chicago Suburbs
There is no shortage of luxury apartments in Chicago’s lively multifamily market.
TODAY’S DEALS: University of Chicago Lists 676 Units for Sale
HFF lands a hefty marketing contract in Chicago; Bascom buys in Long Beach, Calif.; and Hamilton Point buys two properties for $41.2 million.
Renovations in Full Force at Estates at Fountain Lake in Houston
Prime Property Investors has completed the first phase of unit renovations at Estates at Fountain Lake.
660-Unit Self-Storage Facility Planned for Suburban Chicago
Lake Forest, Ill.-based Metro Storage LLC has announced plans to convert a former warehouse in the village of Northbrook into a state-of-the-art self-storage facility.
TODAY’S DEALS: Chicago Tower Sales Breaks $100M Mark
Planned Property Management grabs a Chicago tower; HFF arranges Orlando acquisition financing for a newly built luxury asset; and Hunt Mortgage finances an acquisition with a $4.8 million loan.
University of Chicago Unveils Plans for Obama Presidential Library
The University of Chicago has finally revealed plans for the Barack Obama Presidential Library.
TODAY’S DEALS: HFF Lands $118M for K2 Chicago
HFF provides $118 million to The Georgetown Co.; Senior Housing Properties Trust to complete a massive portfolio buy; and Essex Realty Group brokers the $2.7 million sale of a historic property in Chicago.
Chicago Apartment Market Podcast
Pierce Eislen’s Ron Brock Sr. and Jack Kern discuss Chicago apartment market fundamentals in this edition of our market research podcast hosted by Mike Ratliff.
TODAY’S DEALS: Kislak Completes $136M Multifamily Property Sale–Largest in New Jersey Since ‘11
The Kislak Co. Inc. announced the $136 million sale of Rachel Gardens, a 764-unit apartment community on more than 98 acres in the Pine Brook section of Montville, N.J.; and NorthMarq Capital supplies a $10.6 million refinance for a Chicago redevelopment.
TODAY’S DEALS: Meridian Arranges $24.8M in Acquisition Financing for Chicago Portfolio
Meridian Capital Group arranges $24.8 million in acquisition financing for an eight-property multifamily portfolio; and Oak Grove Capital provides $11.1 million in FHA refinancing and obtains a waiver to three-year rule.