Midwest
On the Market: 5 Interesting Listings for the Week of 3/5
This week’s multifamily listings include a portfolio in Denver’s Glendale market and newly converted condominiums in Scottsdale, Ariz.
Quest Realty Buys Chicago Land, Plans Condo Building
The 19,000-square-foot parcel located in the Andersonville neighborhood used to be the location of Man’s Country, a private club and bathhouse.
KWK Architects Designs 324-Bed KS Community
The student housing community is scheduled to open in August 2019 and will replace Central and Northeast Morse halls, which total 265 beds.
North Park Ventures Plans Chicago Conversion
Interra Realty brokered the $13.7 million sale of the mixed-use building located near Wrigley Field. All 30 condominiums will be converted into rental apartments.
CareTrust REIT Nabs Grand Rapids-Area Skilled Nursing Portfolio
In a sale-leaseback arrangement, the 464-bed, five-property ensemble traded for roughly $41.5 million including transaction costs.
Dougherty Closes Fannie Mae Loan for Twin Cities-Area Community
The mortgage banking firm facilitated a $7.3 million loan to refinance Green Twig Villas, a 62-unit affordable housing property in Oak Park Heights, Minn.
Peak Campus Lands Chicago Management
The 240-bed, high-rise student community in the heart of the city’s South Loop neighborhood sits immediately adjacent to East West University.
Timberland Grows in Twin Cities, Obtains $50M Loan
The company will add one more community to its Twin Cities portfolio of nine properties. The new construction will be adjacent to the planned METRO Green Line Extension.
Golub & Co., USAA Buy Chicago’s Century Tower
The joint venture plans to renovate the historic building and transform the existing 292 condominiums into luxury apartments.
ZOM Living to Break Ground on Luxury Chicago Property
The 357-unit community is Union West in the Loop downtown district. It will consist of two Class AA, Green Globes-Certified residential towers atop a three-story podium.