Finance & Investment - Midwest

  • Tribune Media Unveils Chicago River District Master Plan

    The redevelopment plan by the firm's subsidiary Tribune Real Estate Holdings calls for the conversion of 37 acres of underused industrial land into a dynamic neighborhood that could accommodate 19,000 jobs and 5,900 residential units.

    09 October 2017 15:55
  • Affordable Indiana Community Lands Refi

    The $6.6 million loan will be used to refinance Woodland East Apartments, a 224-unit affordable housing property in Michigan City.

    05 October 2017 13:10
  • PAC Lands 260-Unit KC-Area Community

    Adara Overland Park is a recently built Class A multifamily asset in Overland Park, Kan. Preferred Apartment Communities (PAC) financed the acquisition using a Freddie Mac loan.

    04 October 2017 18:52
  • Historic Lafayette Park’s First Luxury Community in 40 Years

    DuCharme Place is a $45 million multifamily project inspired by architect Mies' design of Lafayette Park, the historic district near which the community is situated. The 185-unit development was financed through a HUD loan, one of the only sources of financing for the few ground-up housing projects planned in Detroit in the early 2000s.

    04 October 2017 15:21
  • Dougherty Closes Cleveland Portfolio Loan

    The Fannie Mae loan will refinance six market-rate properties, totaling 238 units. Dougherty’s Minneapolis office arranged the financing for borrower Central Real Estate Holding.

    04 October 2017 13:32
  • Dougherty Mortgage Closes $32M Loan for MN Community

    The financing will be used to build Union Flats, a 217-unit affordable housing property in St. Paul. The community will be built on a site currently occupied by the Hunt Electric Corp. building.

    02 October 2017 15:04
  • Thrive Acquires 2 Senior Housing Properties, Launches Sister Firm

    The acquisition expanded the company’s senior housing portfolio to four assets, which drove the firm to launch a new division—TFP Senior Living—headed by Anthony Fulco.

    27 September 2017 15:41
  • JV Lands $40M Twin Cities Affordable Community

    Aeon and The Community Development Trust purchased Seasons Park Apartments, a 422-unit community in Richfield, Minn. The transaction marks Aeon’s largest acquisition and the second-largest investment for CDT.

    25 September 2017 16:58
  • Arbor Realty Appoints New VP

    Sam Gold will be in charge of Freddie Mac SBL, Fannie Mae and FHA loan originations for clients in the Midwest. He will be based in the company’s Chicago office.

    21 September 2017 09:06
  • How Mission Lenders Fueled Motor City’s Comeback

    After the housing crash, Detroit’s revival was powered by mission lenders. Nearly 42 percent of investment in Detroit real estate was possible with financing from such alternative financing organizations. Urban Institute’s Brett Theodos filled MHN in on mission lending and its opportunities for expansion.

    19 September 2017 20:15
  • Capital One Refinances Illinois Nursing Facility

    The $21.5 million fixed-rate HUD loan will be used to refinance Avantara Long Grove, a senior nursing facility in Long Grove, Ill.

    14 September 2017 15:15
  • ARA Adds New SVP to Chicago Team

    James Mitchell, who brings with him 30 years of experience in real estate, will be responsible for overseeing the firm’s sales and client relationships.

    11 September 2017 17:25
  • On the Market: 5 Interesting Listings for the Week of 8/28

    This week's listings include a newly renovated property in Whittier, Calif., with an abundance of amenities and a historic asset with original 1912 architecture in the trendy Portland neighborhood of Hollywood.

    01 September 2017 15:32
  • Cush & Wake Brokers Sale of 294-Unit KY Community

    Mike Kemether and Craig Collins of Cushman & Wakefield represented the seller, Stratford Asset Management Co., in the $25.5 million transaction. RealSource Properties acquired the property, Breckinridge Square.

    28 August 2017 22:05
  • Green Bridge Closes Bulk Cleveland Sale

    Investment Group purchased the assets for $2.9 million. The 90-unit portfolio will undergo a renovation process, estimated to cost between $100,000 and $300,000.

    21 August 2017 20:26