Midwest
Dougherty Closes on St. Louis Affordable Community
The company has arranged a 35-year term loan for the 95-unit community. The property was built as a hotel in 1963, and in 2007 it was converted to a multifamily community.
Fifield Tops Off, Starts Preleasing Chicago Luxury Tower
The luxury community, which the developers say is “the first of its kind on the Gold Coast in more than 40 years,” will be open to residents in the summer of 2017.
Milhaus Starts Work on New Apartments in Kansas City
The 361-unit property will also include 7,500 square feet of ground-floor retail space. The company plans for occupancy in 2018.
Preferred Closed the Sale on 2 Communities Totaling $114M
The properties, located in Kansas City, Kan., and Atlanta, have an annualized return of 19.1 percent.
Construction of $62M Cleveland Tower to Start in June
Stark Enterprises Inc. and Solon-based real estate investor Reuven Dessler plan to break ground on the 26-story tower in less than three months.
Lendlease, Related Midwest Celebrate Topping Out of Landmark West Loop
The 442,845-square-foot property features 300 luxury studios, convertibles, one-, two- and three-bedrooms apartments and associated parking.
GlenStar Debuts Luxury Apex 41 Development
Greystar is serving as the manager for the 181-unit community.
Huntington Commits $150M to Ohio Affordable Housing
The investment brings the bank’s investment, in partnership with Ohio Capital Corp. for Housing, to more than $500 million since 2010.
Atlanta, Louisville Properties Trade for $74M
Besyata Investment Group and The Scharf Group have purchased two assets totaling 1,033 units.
Gateway Procures Suburban St. Louis Apartments
The 78-unit community in St. Clair County is the company’s third local acquisition in three years.