Midwest
Luxury Community Changes Hands in KC
Union Berkley Riverfront Park includes 407 units and 12,400 square feet of retail space. Flaherty & Collins Properties broke ground on the project in 2016 and completed it in 2018.
Marcus & Millichap Facilitates Chicago Sale
The firm has brokered the transfer of an 81-unit community located in Chicago’s Rogers Park neighborhood, approximately 11 miles from downtown.
St. Louis Makes Modest Gains
The metro’s multifamily market continues to improve at a middling rate, as its population and job market grow at a pace below the national average.
Marquette Cos., DRA Advisors Buy Chicago-Area Asset
The joint venture acquired the 558-unit community in Westmont, Ill. The seller was Long Wharf Capital LLC.
Cottonwood Residential Sells Nashville Apartments for $40M
The new owner rebranded the 327-unit Class B community as Allegro on Bell, with SunTrust Bank facilitating the acquisition through long-term financing.
Berkadia Arranges IN Community Sale
Managing Director Alex Blagojevich and Director Chris Bruzas of Berkadia completed the sale on behalf of both the buyer and the seller.
Marcus & Millichap Brokers KC Sale
Nick Fluellen, Bard Hoover and Max Helgeson represented both the seller and the buyer in the transaction involving the 309-unit lakeside community.
HM Management Sells Knoxville Community
Prime Property Investors purchased the 130-unit Class B community with the help of a $5.3 million loan from Wintrust Bank.
Affordable Community Trades in KC
CBRE Capital Markets provided more than $11 million in Fannie Mae financing to the buyer, Peak Capital Partners, for the 260-unit multifamily asset.
Cleveland’s Rent Growth Picks Up the Pace
With demographic contraction moderating and demand improving, rent growth in Cleveland is once again accelerating, at 2.2 percent year-over-year through October 2018.