Midwest
Senior Living Community Opens in MO
The 104-unit Castlewood Senior Living is the first community of its kind in Christian County, Mo., providing independent and assisted living alternatives.
Walker & Dunlop Arranges $15M Loan for Manseau Flats
The Green Bay area multifamily project is slated for completion in October 2018 and will be built using environmentally friendly techniques.
Downtown Growth Drives Demand in Cleveland
Although underperforming in the current cycle, the area’s multifamily market is on sound footing, mainly due to the city’s thriving core.
Economic Diversity Drives Growth in Columbus
As the economy improves, the cost of living remains relatively affordable in Columbus, attracting more residents to the area and boosting multifamily demand. A business-friendly environment also draws investors and entrepreneurs to Ohio’s largest city, prompting more people to rejoin the workforce.
Aeon to Develop New Affordable Housing in Twin Cities
The nonprofit plans to build Greenway Terrace Apartments, a 54-unit community in Ramsey, Minn. The grand opening is expected in late 2018.
IN Student Community Receives $14M Refi
The refinancing includes a cash-out component and also benefits from Fannie Mae’s Green Rewards program. The community is fewer than two miles from Indiana University.
Startup Scene Boosts St. Louis Rental Market
Following the path of other Midwestern metros, the city is slowly transforming from an industrial center into a modern city with solid job gains in the health-care, business and technology sectors.
Waypoint Acquires Asset Near Chicago
KIG CRE arranged the sale of Two Itasca Place, a 70-unit property located in Itasca, Ill. The asset is one of Waypoint’s first acquisitions in the Midwest.
Dominium Completes Renovations on MN Affordable Asset
The company invested $9 million on interior, exterior and common-area upgrades to the 176-unit Park Haven.
Retirement Community Breaks Ground in Suburban Chicago
The 100-unit property, developed by Senior Lifestyle Corp., will encompass assisted-living apartments and memory care residences and is expected to be completed by the end of 2018.