Market Rate Housing - Midwest

Marcus & Millichap Secures Saint Paul Community
The 25-unit community is located in the Merriam Park neighborhood, between downtown Minneapolis and downtown St. Paul. 1880 Marshall Avenue was built in 1964 and renovated in 1978.
Market Rate
Chicago’s Woodlawn: A Success Story in the Making
In the last few years, the long-struggling neighborhood has seen robust construction activity in the housing and retail sectors. Nonprofit developer POAH together with the city of Chicago have initiated a series of affordable housing projects meant to transform the community and trigger other residential, educational and cultural developments.
Slideshow
Transwestern Brokers Denver Community Deal
Jeff Sanders acquired the two apartment communities totaling 429 units for $30.9 million. They were built between the 1960s and 1970s and are located in improving areas close to downtown Denver.
Market Rate

Cities

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    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

  • Company Spotlight: Kiser Group

    After a strong year, which translated into $144 million in closed transactions, principals Estella and Lee Kiser have decided to focus on company re-branding, culture and staff retention in 2017.

    28 August 2017 13:06

  • Meridian Capital Secures $23M for Illinois Community

    The equity and bridge financing was obtained on behalf of Odessa Partners and used for the purchase of Stratford Trails, a community in Glendale Heights, Ill. The buyer intends to upgrade the asset.

    25 August 2017 10:45

  • 29SC Acquires 6th Chicago Community

    The asset, Wooded Isle Apartments, is located in Hyde Park, only eight miles from downtown. The community offers 75 units.

    23 August 2017 09:21

  • 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

  • Renovated Downtown Nashville Community Trades for $27M

    A Covenant Capital Group fund sold the 170-unit 500 Fifth Ave. The deal follows a $4 million renovation process the firm completed at the 56-year-old building.

    03 August 2017 14:29

  • Covenant Buys $30M Indianapolis Community

    Columns of Castleton was 99.5 percent occupied as of June. The company plans to implement a $4.7 million plan for renovating unit interiors and upgrading amenities.

    02 August 2017 15:39

  • Monument Capital Management Enters Illinois Market

    The Residences at 1550, located in the Chicago suburb of Mount Prospect, include 509 one-, two- and three-bedroom garden- and townhome-style units. The property will be managed by the firm’s sister company, Monument Real Estate Services.

    02 August 2017 13:37

  • St. Paul Eyes 135-Acre Urban Village

    A rezoning plan calls for as many as 4,000 residential units on a site owned by Ford, which is expected to be put on the market by early 2018.

    01 August 2017 14:32

  • Greystone Enters Michigan Market with New JV

    The new joint venture with Commercial Property Advisors will focus on providing multifamily advisory services for clients in Michigan. Cary Belovicz will lead the new organization as an executive managing director.

    21 July 2017 18:54

  • Tikijian Secures $37M Indianapolis Community

    The company represented The RADCO Cos. in the sale of 455-unit Indianapolis asset. The new company changed its name to Ashford at Keystone and plans to renovate unit interiors.

    20 July 2017 06:43

  • Landmark Lands Cleveland Lakeshore Community

    Quay 55, a former warehouse converted to apartments, is now in the hands of an affiliate of Landmark Cos. Deancurt Realty Group sold the Lake Erie shoreline property after six years of ownership.

    17 July 2017 16:38

  • BRT Nabs 509-Unit DFW Community

    BRT Apartments Corp. purchased Mercer Crossing from Provident Realty Advisors for roughly $86 million. For the acquisition, the buyer obtained a $55.2 million loan from Barings Multifamily Capital.

    14 July 2017 12:03

  • The Praedium Group Invests $90M in TX, FL

    “The real estate investment firm added 530 units to its multifamily portfolio by acquiring the 288-unit Fox Hill Apartments in Austin and the 242-unit Park Place at Maguire in Orlando.

    10 July 2017 15:41