Midwest
IL Mixed-Use Development Opens
LMC and Clark Street Real Estate are opening The Emerson, located in Oak Park, Ill., a suburb of Chicago. The community includes 270 units and a retail component.
JV Buys 649-Bed KY Student Housing
Campus First Student Living and CF Real Estate Services acquired The LEX, a 266-unit community serving students attending the University of Kentucky.
Chicagoland, Boston Senior Living Communities to Break Ground
Deploying a budget of $64.5 million, Capital Senior Housing will develop two new assets comprising more than 150,000 square feet and nearly 180 apartments in Glenview and Andover.
Peak Campus to Manage 504-Unit Student Housing Community
University Center Chicago was acquired by a joint venture between AXA Investment Managers – Real Assets and Blue Vista Capital Management back in July. The 18-story building is located in the heart of the city and will undergo an interior renovation.
FOURMIDABLE Opens 3 Communities in TN, MS
The company completed Turnrow in Somerville, Tenn., as well as Tall Oaks in Verona, Miss., and Fountain Square in Columbus, Miss., all of which are affordable properties.
IMT Capital Snags TN Community
The company purchased the 386-unit ALARA Cool Springs, located in the Nashville submarket of Franklin, from American Realty Advisors. Cushman & Wakefield represented the seller in the transaction.
Loukas Kicks Off Construction at Chicago Luxury Tower
The 148-unit building will be located in the Greektown neighborhood of Chicago’s West Loop. Additionally, the property will offer 7,500 square feet of retail space.
Michaelson Lands 2nd TN Community in Less Than a Month
Michaelson Real Estate Group and Eklund Development acquired Viera Cedar Bluff, a 184-unit community in Knoxville. The deal is part of a portfolio that also included 520-unit community The Metropolitan.
Tribune Media Unveils Chicago River District Master Plan
The redevelopment plan by the firm’s subsidiary Tribune Real Estate Holdings calls for the conversion of 37 acres of underused industrial land into a dynamic neighborhood that could accommodate 19,000 jobs and 5,900 residential units.
Unveiled: Wilmette’s First New Rental Property in a Decade
M&R Development and Globe Corp. developed the new Residences of Wilmette, in Wilmette, Ill. The community was built to achieve LEED Silver certification and is located within commuting distance to Chicago.