Midwest
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.
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.