Midwest
IRET Acquires $62M Minneapolis Community
The company acquired a Minneapolis community, located in one of St. Paul’s most vibrant neighborhoods. The property was 45 percent pre-leased as of April.
IRT Nabs 160-Unit Kentucky Asset
The real estate investment trust paid $14.2 million to purchase Haverford Place, a community in the heart of Georgetown.
Kiser Group Brokers 370-Unit Multifamily Deal in Chicago
The $29-million real estate portfolio consists of 21 residential buildings located in various South Side neighborhoods. The properties offer studios, one-, two-, three- and four-bedroom units, as well as retail space.
Knoxville Gives It the Old College Try
The metro’s economy has benefited from gains in a number of sectors, pushing investment sales to a new cycle high.
Marcus & Millichap Arranges Luxury Condo Sale in Chicago-Area
The community comprises six buildings, each of them made up of 12 two-bedroom, two-bathroom units. Firethorne Luxury Apartments changed hands for $8.3 million, in which the buyer and seller were both represented by investment specialists at Marcus & Millichap.
Chicago Rents Inch Up; Highest Increase in Douglas Neighborhood
2016 was a year of moderate rent increases in the city of Chicago. The average price for a rental in Chicago went up 5.9 percent year-over-year, closing the year at $1,738/month.
3L Closes on Milwaukee Asset, Plans Conversion
The company will invest $15 million to transform the former office property at 735 W. Wisconsin Ave. into a 144-unit apartment building.
Leasing Begins at LMC’s Chicago Apartments
The Emerson, a mixed-use, transit-oriented development, features 270 units in a five-story, low-rise building and a 20-story high rise.
Kansas City’s New Look
Kansas City is in the midst of a transformation, growing as a financial and research center, with increased investment in infrastructure, all of which support multifamily fundamentals.
Brinshore, McShane Deliver Chicago Mixed-Use Project
Clybourn 1200, a mixed-income apartment building in Chicago’s Old Town neighborhood offers 84 studio, one-, two- and three-bedroom units, as well as 17,000 square feet of ground-floor retail space.