Midwest
SVN’s South Shore Multifamily Sales Hit $13M
SVN arranged the sale of seven multifamily buildings in Chicago’s South Shore, a market that seems to be catching the eye of out-of-state investors.
InvenTrust Properties Out of the Student Housing Business
UHC Acquisition Sub will acquire the company’s student housing platform.
Former Councilman Joins JLL as VP of Nashville Branch
Sean McGuire has joined JLL’s Southeast Multifamily Capital Markets Group as vice president of its Nashville branch.
NorthMarq Arranges Multifamily Refi
Cincinnati multifamily property receives $3 million refinancing through NorthMarq Capital.
Windemere at Tallgrass I Lands $10.2M Refi Loan
A Wichita multifamily development received $10.2 million in refinancing from Hunt Mortgage Group.
Gilbane Begins Construction on 16-Story Student Housing Development
Gilbane has begun development on 30 East, a new apartment community in Chicago’s South Loop that is sure to attract students and millennials.
Bidding Starts for Vacant Cabrini-Green Site in Chicago
Windy City officials have put out an RFP for the redevelopment of the derelict Cabrini-Green site in Chicago’s Near North Side.
Government, Kent State Reach Settlement in Therapeutic Support Animals in Student Housing Case
Washington, D.C.—The U.S. Department of Justice and Kent State University have reached a $145,000 settlement over claims of discrimination under the Fair Housing Act. As part of the settlement, Kent State agreed to pay $100,000 to two former students denied to keep emotional support dogs in their university apartments; $30,000 to the fair housing organization that advocated on behalf of them; and $15,000 to the United States. The university also agreed to adopt a housing policy allowing students with psychological disabilities to keep therapeutic support animals in university housing. The settlement agreement is currently awaiting court approval. In 2014, DOJ…
Stoneridge Farms Changed Hands in $47M Deal
Steadfast Apartment REIT recently acquired the 336-unit apartment community Stoneridge Farms for $47.7 million.
NEWCITY Earns LEED Gold
The 19-story Residences at NEWCITY in Chicago has earned a LEED Gold certification from the U.S. Green Building Council.