Midwest
Top 10 Chicago Multifamily Transactions in 2017
Although relatively quiet for a gateway market during the first half of 2017, the city’s apartment sector picked up in the second half of the year, marked by several $100 million-plus transactions.
Leisure Care to Manage MO Senior Housing
The Landing of O’Fallon will provide 79 assisted living apartments, in addition to 55 private and neighbor suites for memory care.
Demand Dampens Amid Building Surge in Cleveland
Although underperforming against the U.S. average, the area’s multifamily market remains stable, fueled by the revitalization of the city’s core.
ERC to Build St. Louis-Area Luxury Apartments
The developer plans to break ground on the 220-unit high-end community in May this year and complete construction by early 2019.
Heavy Demand Powers Development Surge in Indianapolis
The apartment boom continues in the city, spurred by demographic factors and a strong economic engine.
Interra Realty Closes Sale of Vintage Chicago Community
The 12-unit Avondale multifamily property sold for $2.8 million. The price per unit set a new record for vintage apartment buildings in the neighborhood.
DC Radio Station Comes Back on Air as Apartments
Urban Investment Partners has completed Frequency Apartments, a 100-unit community in Tenleytown that used to house local National Public Radio affiliate WAMU.
IPA Hires Director of Senior Housing in Chicago
Throughout her career, Jordyn Berger has originated more than $3 billion in commercial real estate debt. In her new role, she will focus on arranging senior housing financing.
Marcus & Millichap Brokers Sale of MN Asset
Led by Michael Glass, regional manager of the firm’s Minneapolis office, Evan Miller, Mox Gunderson, Dan Linnell and Josh Talberg of GLT Partners completed the $2.8 million transaction.
CAPREIT Sells 112-Unit Minneapolis Community
Built in 2005, the 112-unit Minneapolis Grand comprises two four-story buildings featuring a club room, a fitness center and 130 parking spaces.