Midwest
City of Detroit Gets an Extra $42M in Demolition Funds
The U.S. Treasury Department and the Michigan State Housing Development Authority approved additional funds for the city’s blight removal initiative, which will now expand to 90 percent of Detroiters.
HFF Lines Up $48M Acquisition Loan through Freddie Mac
Working on behalf of Abacus Capital Group, HFF arranged financing for the acquisition of The Burlington apartment community in St. Paul, Minn.
Mixed-Use Development Lands in Tennessee
The new development in Nolensville Pike will feature 200 residential units and 36,000 square feet of retail space.
Randolph Street Expands Chicago Portfolio
The Windy City-based company paid $14.3 million for a 36-unit property in Wicker Park.
Community Inside Michigan’s Cooley Stadium Move-In Ready
The three-story, 84-unit community is made up of studios, one- and two-bedroom apartments ranging in size from 548 to more than 800 square feet. Half of the apartments face the Lansing Lugnuts stadium.
Wayne Homes Announces New Construction Manager
Meet Mark Spangenburg, Wayne Homes’ new construction manager in Belmont, Ohio.
Glemont Capital Adds Two Student Housing Communities to South Bend Portfolio
Berkadia facilitated Prime Property Investors’ sale of Clover Village and Clover Ridge, located near the University of Notre Dame campus.
Security Properties JV Buys Downtown Nashville Apartments
A joint venture between Security Properties and Loma Linda University paid $53.7 million to acquire the Opus 29 and Note 16 multifamily properties in downtown Nashville.
Suburban St. Louis Community Gets $11M Refi
Winslow started work on the first phase of the development in 2014 and completed it last year.
Barrett & Stokely Sells Cumberland Pointe Apartments in Hamilton County
Tikijian Associates arranged the sale of Cumberland Pointe Apartments, a 336-unit multifamily community located in one of the wealthiest counties in Indiana.