Midwest
Leasing Starts at New Chicago Mixed-Use
JDL Development’s SixForty, located in the River North neighborhood, includes a 23-story tower with 250 units and 8,000 square feet of retail.
Kiser Group Negotiates $12M Chicago Multifamily Deal
The sale of the 80-unit property marks the highest price per unit—$144,000—for a four plus one asset north of Irving Park Road.
Interforum Debuts Chicago-Area Luxury Townhomes
Featuring designs inspired by the work of Frank Lloyd Wright, the community comprises 29 luxury townhomes on the site of a former lumberyard.
Berkadia Leads Sale of 528-Unit St. Louis Community
Lipton Group sold the three-building Pheasant Run community, located near downtown St. Louis. The average rental rate was $882 as of May.
10 Markets with the Greatest Occupancy Loss
Supply growth is outpacing demand in many areas, causing a decrease in occupancy rates. Here is a list of the 10 markets with the greatest loss in occupancy year-over-year as of April 2017.
Strategic Properties Buys Condos, Plans Deconversion
The company purchased the 207-unit Bel Harbour building in Chicago for $51.5 million, the largest bulk sale in the city to date.
Tiny Living Brings Big Changes to Student Housing
At the 2017 NeoCon show, Tomas Eliaeson and Thomas Carlson-Reddig of Little discuss how universities can embrace smaller units without sacrificing design or space.
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.