Luxury Housing - Midwest

  • Passco Nabs 5th Property in KC Metro Area

    Greenwood Reserve, a 228-unit luxury community in Olathe, Kan., traded for $38.3 million. Jeff Stingley of CBRE represented both the buyer and the seller, an affiliated entity of Cityscape Residential. Chris Black and Caleb Marten of KeyBank Real Estate Capital’s Commercial Mortgage Group arranged acquisition financing through Fannie Mae.

    06 November 2017 17:40
  • Grandbridge Closes Indianapolis Community Refi

    The 493-unit community is situated on the campus of Indiana University–Purdue University Indianapolis. Grandbridge placed the refinancing with Ladder Capital Finance.

    03 November 2017 14:23
  • Tikijian Arranges 450-Unit Community Sale

    An affiliate of Birge & Held Asset Management acquired the asset from Gene B. Glick Co., the Indianapolis-based developer that built the property in two phases between 1980 and 1987.

    31 October 2017 16:37
  • Dougherty Funding Closes $11M Minneapolis Refi

    The property is located in the Whittier neighborhood, between uptown and downtown, and is one block from Minneapolis Institute of Art and Minneapolis College of Art and Design.

    31 October 2017 15:35
  • Meridian Arranges Loan for MI Luxury Property

    The 10-year fixed-rate CMBS financing was secured on behalf of The Harrison, a community located in Royal Oak, Mich.

    25 October 2017 00:30
  • Loukas Kicks Off Construction at Chicago Luxury Tower

    The 148-unit building will be located in the Greektown neighborhood of Chicago’s West Loop. Additionally, the property will offer 7,500 square feet of retail space.

    11 October 2017 10:50
  • Top 10 Largest Chicago Submarkets by Sales Volume

    In the first three quarters of 2017, several Chicago submarkets exceeded $100 million in multifamily transactions. Core city areas remain at the top of the list, tallying more than half a billion dollars in sales during the same time period.

    06 October 2017 15:54
  • 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
  • Fifield Fetes Grand Opening of The Sinclair in Chicago

    The luxury rental community adds a large slate of upscale units to Chicago's Gold Coast neighborhood, spurring talk of a resurgence.

    22 September 2017 15:17
  • JV Breaks Ground on Upscale Dayton-Area Apartments

    Mills Development and Hills Properties began work on a 312-unit community adjacent to Cross Pointe Shopping Center in Centerville, Ohio. The project will be known as Allure Luxury Apartments.

    21 September 2017 14:10
  • Civitas, Guttman to Develop Ohio Senior Housing

    The Grand of Sugarcreek in Dayton will offer 220 independent-living, assisted-living and memory-care units. Construction is slated to start in the first quarter of 2018.

    08 September 2017 14:01
  • Wheaton Center: Revival Project Provides New Life

    It’s hard to miss Wheaton Center. Two of its six buildings are the tallest in the city of Wheaton, a suburb about 30 miles west of Chicago.

    05 September 2017 12:16
  • 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
  • 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.

    18 August 2017 10:36
  • Passco Trades Remaining Interest in KS Property for $48M

    The company sold The Village at Lionsgate, a 360-unit community in the Kansas City MSA. Mac Crowther, vice chairman at ARA Newmark’s Kansas City office, represented both parties in this transaction.

    16 August 2017 17:31