Midwest
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.
Steele Properties Tackles Affordable Housing Renos
Steele Properties acquired two affordable housing properties in Colorado and Texas with plans for large-scale renovations costing more than $14 million.
Oak Residential Continues Expansion With Two Multifamily Properties
Oak Residential Partners of Chicago has added 728 units to its multifamily portfolio.
StoneRiver Expands Arkansas Portfolio
The Birmingham-based CRE company has landed a 218-unit property in the prestigious Hillcrest neighborhood.