Midwest
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.
Milhaus Appoints New President
James Benning is tasked with growing the company’s construction division.
248-Unit Community Breaks Ground in Grand Rapids
Springs at Knapp’s Crossing is located along a retail corridor.
Champion to Develop First Multifamily Project
Sunbury Pointe, a 146-unit community in Ohio, will be completed this fall.