Midwest
Chicago Tower Slated to Become Tallest All-Residential Building in City
Lendlease is the contractor for One Bennett Park in Streeterville, which when completed in 2019 will include 70 stories and 69 units.
Fogelman Properties Hires New Acquisitions VP
Mike Aiken brings more than 12 years of experience to the firm. In his new role, he will oversee the company’s multifamily acquisitions.
NHI Acquires Ohio Senior Housing Portfolio for $70M
Totaling 320 units, the communities will be leased to an affiliate of Bickford Senior Living at an initial rate of 6.9 percent with annual fixed escalators and a 15-year maturity.
Berkadia Brokers Midwest Portfolio Sale
The four communities are located in Illinois, Indiana and Wisconsin and sold for $41.5 million. Alex Blagojevich, Ralph DePasquale, Chris Bruzas and Parker Stewart represented the seller.
306-Unit Community Trades Near Indianapolis
Tikijian represented the seller, developer and manager of the asset. Flaherty and Collins will take over property management on behalf of the new owner.
ND Student Housing Nears Completion
The Bridges, which is being developed by PROffutt and will be managed by Greystar Student Living, will include 364 beds and serve the students of North Dakota State University of Agriculture and Applied Sciences.
Interra Realty Arranges Chicago Community Sale
Managing Partner Brad Feldman and Director Adam Saxon represented the buyer of a vintage 32-unit building located in the Uptown neighborhood.
Investor Buys Chicago Condos, Plans Conversion
Beal Properties acquired the 117-unit asset for $30 million from Wellington Place Condominium Association.
Pathway to Living Launches Chicago-Area Senior Housing
Heartis Village of Orland Park includes 72 assisted-living units across a three-story building and 24 units in a memory-care wing.
Tech, Finance Sectors Revive Growth in Chicago
The city remains a financial powerhouse and continues to add high-paying jobs, helping rent growth achieve a slight recovery.