Midwest
CIM Expands Chicago Portfolio With 2 Acquisitions
The buildings at Wicker Park offer 96 residential units, 23,000 square feet of street-level retail space and 17,400 square feet of creative office space.
Inland Nabs Suburban Chicago Community
The Commons at Town Center, a six-story, 85-unit multifamily property in Vernon Hills, Ill., was built in 2010 and boasts a 96 percent occupancy.
Meridian Lands $20M Loan for Chicago Asset
Meridian secured a bridge loan for the acquisition of Ivy Park Homes, a rental townhome community in the South Side neighborhood.
LMC Tops Off Minneapolis Community
After topping off a mixed-use community in Dallas last month, LMC topped off NordHaus, a luxury mixed-use community located in the heart of Northeast Minneapolis. NordHaus is a 20-story community that features 280 apartments, including 12 penthouses, and 22,000 square feet of ground-floor retail and restaurant space. Residents will have access to amenities such as an expansive club room with kitchen, state-of-the-art fitness center, outdoor, resort-level pool deck, cyber café with conference room and rooftop theatre. Additionally, NordHaus features a pet park with pet washing area, a video game room and bike lounges. Located at 315 NE First Ave., the property…
Greystone Trades SD Affordable Housing Community
The company closed on the sale of Brentwood Apartments in Sioux Falls. The asset is a LIHTC property built in 1973 and renovated in 2002.
Habitat Assumes Management of Chicago Communities
The properties include Reserve at Evanston, a four-story building with 193 residences, and 640 North Wells, a new 250-unit rental tower in Chicago’s River North neighborhood.
Nebraska Community Trades for $10M
Marcus & Millichap facilitated the disposition of Continental Gardens, a 150-unit property in the center of Grand Island’s major retail and business corridor.
Hines, McCaffery Break Ground in Chicago
A new mixed-use building anchoring the Lincoln Park neighborhood is set to rise on the former Children’s Memorial Hospital site.
ACC to Open Indianapolis Student Housing
ACC partnered with Butler University to open another student housing facility in Indianapolis. The 648-bed community is slated to open in fall 2018.
Summit Equity Investments Nabs First Indianapolis Property
Tikijian Associates represented Westdale Real Estate Investment & Management in selling 314-unit Island Club Apartments to an affiliate of Summit Equity Investments Inc.