Multifamily news in Market Rate Housing - Chicago
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McHugh Construction Co. Completes 2 Chicago Communities
The firm has finished construction of the 188-unit Westerly and the 800-unit NEMA Chicago.
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MZ Capital Begins Pre-Leasing Suburban Chicago Community
The 112-unit property in Naperville, Ill., is expected to welcome residents in April.
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Kiser Group Arranges Suburban Chicago Sale
Matt Halper, Danny Mantis and Lee Kiser represented both parties in the 80-unit transaction in Lockport, Ill.
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Greystone Arranges $95M Financing for Multifamily Trio
The Freddie Mac loans will refinance two Class B communities along the East Coast and one in the Midwest.
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Suburban Chicago Community Lands $55M Refi
Greystone originated the 35-year, HUD Section 223(f) loan for the 360-unit community in Bloomingdale, Ill.
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Essex Realty Arranges 2 Sales in Chicago’s Lincoln Park
The brokerage worked on behalf of all parties in the sales totaling $14.4 million.
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Rockwell Partners Lands $80M Loan for Chicago Property
Walker & Dunlop arranged the financing for a 1,155-unit condo deconversion project in Glendale Heights.
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Interra Realty Closes 2 Chicago Sales
Senior Managing Partner Brad Feldman represented the buyer and seller in both deals, valued at $5.1 million across 44 units.
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Lendlease Recapitalizes 2 Projects for $200M
The loans are for The Cooper in Chicago and Clippership Wharf in Boston, held through its U.S. investment vehicle with Aware Super.
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JV Forges Ahead with Chicago Apartment Project
McCaffrey Interests and The Community Builders are working on the pair of buildings forming part of the Southbridge mega-development.
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Draper and Kramer Kicks Off Chicago Project
The building will rise seven stories in the East Lakeview neighborhood and will include 120 units and a ground-floor retail component.
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Interra Realty Arranges Chicago Deconversion Sale
Pat Kennelly, Paul Waterloo, David Goss and Jon Morgan assisted both parties in the 91-unit, $17 million deal in Evanston.
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Wingspan, ICM Form JV for Chicago-Area Development
The partnership will fund a 284-unit project in Plainfield, Ill., branded as Sixteen|30.
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Interra Realty Brokers Sale in Chicago’s South Shore
The team of Jon Morgan, David Goss, Ted Stratman, Lucas Fryman and Jeremy Morton facilitated the deal.
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Greystone Closes $14M Northern Indiana HUD Refi
Bayshore Properties will use the new loan to fund ongoing renovation work at the 174-unit community.