Midwest
Kiser Group Promotes John Meyer to Senior Director
He has been with Kiser Group for more than eight years, having joined the company as managing director. His responsibilities cover the apartment middle market in the Chicago area.
Republic Snags $100M for DC Apartments
The company received construction financing from CapitalSource for Portals Residential Phase V Building, which will be a 13-story community with 373 units.
Greystone Appoints 2 Managing Directors in Chicago
William Montana and Christopher Sackley will coordinate the firm’s multifamily sales advisory efforts in the Midwest and report to President Jim McDevitt.
South Side Chicago Affordable Housing Completed
Brinshore Development’s Park Place includes 78 units within West Elsdon’s Back of the Yards neighborhood. McShane Construction worked as the contractor and provided all site work.
Marcus & Millichap Sells Indianapolis Community
Built in 1980, the one-story building is located near Memorial Hospital, a major employer in the area. The community was 100 percent occupied as of May.
Calvera Partners Begins National Expansion
The community is located in downtown Minneapolis, in close proximity to city landmarks. The company plans to upgrade and rebrand the property.
JVM Realty Renovates 4 Suburban Cleveland Communities
Makeovers are underway at the 366-unit Royal Oaks Apartments in North Royalton, the 300-unit Dover Farms in North Royalton, the 261-unit Butternut Ridge in North Olmsted and the 258-unit Hidden Lake Apartments in Stow.
Kiser Group Closes Sale of Illinois Community
The 152-unit apartment complex in Montgomery, Ill. sold for $10.9 million as part of a 1031 exchange between the owner and a Chicago-based investor.
SALT Spices Up $100M Salt Lake City Development
The company has completed the first two phases of 4th West Apartments, which includes 373 units. The building, described as “ultra luxury,” includes amenities such as an Olympic-size pool, heated spas and The SportClub, which features a 16-screen video wall and a full-size bar.
Greystone, Winterwood Reopen KY Affordable Housing
Following a complex statewide pooled tax-exempt bond transaction totaling $65 million, the companies reopened 18 remodeled affordable housing communities across 14 counties.