Midwest
Chicago’s Hartman Building Lands $45M Financing
Walker & Dunlop arranged the construction loan through HUD. The funds will go into turning the office building into a multifamily property.
NorthMarq Capital Arranges $20M for St. Louis Community
Hibernia Apartments, a 100-unit property, includes a 16,000-square-foot ground-floor retail space that will be filled by a grocery store.
CBRE Facilitates Sale of 540-Unit KY Community
Shamrock Communities sold Mallgate of St. Matthews to Sundance Bay for $42.5 million. CBRE’s Steve LaMotte, Dane Wilson, Bryan Flaherty and Eric Nelson represented the seller.
Covenant Capital Taps 4 New Execs
E.W. Weathersby Jr., Dan Barber, Dani Wills and Justin Spickard join the organization’s senior leadership team as the firm forms a new steering committee.
Affordable Housing Coming to St. Paul
Dominium is building Legends of Woodbury, a 216-unit senior housing development in Woodbury, Minn. The community will include a pub and card room, a theater, an arts and crafts studio and a beauty salon.
MN Community Lands $31M Refi
Dougherty Mortgage secured the Fannie Mae loan for Residences at 1700, a 115-unit property in Minnetonka.
CBRE Arranges $57M Financing for 837-Unit Portfolio
Bill Chiles, Scott Peterson and Brian Cruz of CBRE’s San Diego office worked on behalf of Strata Equity Group, which purchased three properties in North Carolina, South Carolina and Kentucky.
Iconic Cleveland Building Changes Hands for $40M
Institutional Property Advisors, a division of Marcus & Millichap, brokered the sale of the 295-unit Statler Arms. Michael Barron, Joshua Wintermute and Daniel Burkons represented the buyer.
IN Affordable Senior Housing Lands $7M in Tax Credits
Historic Sullivan Lofts is slated to include 40 senior housing units and will provide free social services, including physical therapy, medication delivery and off-site transportation to residents 55 and older.