Midwest
Candlebrook and Lubert-Adler Acquire Student Housing for $230M
Candlebrook and Lubert-Adler Partners have acquired five student-housing properties in various parts of the Eastern United States from Trinitas Ventures for $230 million.
Chicago Real Estate Forum Gauges Vision of Industry Leaders
A major topic at the Chicago Real Estate Forum was the Millennial generation, what members of that cohort are seeking and how soon they will convert from renters to home buyers.
Foxford Communities Acquires Suburban Chicago Property
Foxford Communities has acquired Century Station, a mixed-use property in the near west Chicago suburb of Berwyn, Ill. Hindsale, Ill.-based Foxford will undertake exterior improvements and update the common areas of the 52-unit Central Station over the coming months.
Opus Develops 26-Story Luxury MF in Downtown Minneapolis
The Opus Group has completed development of The Nic on Fifth, a 26-story, luxury high-rise apartment community in downtown Minneapolis, designed to meet LEED certification.
Construction Underway on West Humboldt Place in Chicago
Work has begun on West Humboldt Place, a 13-unit apartment building on the West Side of Chicago. Once complete, the new housing development will serve low-income families with disabilities.
Carter Announces Multi-family Development Near Boise State Named Vista
Carter announced its multifamily development near Boise State University will be named Vista.
CBRE’s Michael Homm Promoted to Senior Appraiser
Michael Homm of CBRE’s Valuation and Advisory Group (VAS) in Cincinnati was recently promoted to senior appraiser.
Greystone Provides $27.5M HUD Loan for Refinancing Canton, Mich., Apartments
Greystone has announced that it has provided a $27.53 million HUD loan to Wyndchase Apartments in Canton, Mich., that replaces three separate loans for one long-term, low-rate loan.
WNC Provides $6.06M in LIHTC to Fund Redevelopment Project
WNC has announced the completion of redevelopment efforts at the 112-unit Village Green Senior Apartments in Decatur, Ind.
Perkins Coie Closes on $200M U.S. Treasury Guaranteed Bond Issue
Following on the heels of its closing of a $125 million U.S. Treasury guaranteed bond in August, Perkins Coie has announced that it has closed on another $200 million of the same type of bond issue on Sept. 25, 2014 for Minneapolis-based Community Reinvestment Fund and four Certified Development Financial Institutions.