Midwest
Waterton Residential Hires Jeff Bailey as Senior Vice President
Waterton Residential, the multifamily investment and management division of Chicago-based Waterton Associates LLC, has hired veteran real estate executive Jeff Bailey as senior vice president, operations, for its multifamily properties in the western United States.
Indianapolis Seniors Apartments Receive $2.3M Grant From HUD
HUD has awarded the AHEPA 232 Apartments in Indianapolis a $2.38 million grant under its Assisted Living Conversion Program. The funding will be used to covert 24 of AHEPA 232’s 74 units into service-enriched seniors housing.
Georgetown Co. Acquires Chicago Community for $214.25M
Georgetown Co. has acquired K2 Apartments, a 496-unit Class A luxury apartment development, from a joint venture between Fifield Companies and Wood Partners, for $214.25 million.
SoulCycle Leases Ground Floor at Related Midwest’s OneEleven
Related Midwest has announced that indoor cycling chain SoulCycle has inked a lease for the 4,200-square-foot ground-floor space at the developer’s upscale mixed-use residential tower, OneEleven, in Chicago.
30 Lines Releases Top Line Sites Plugin for WordPress
Top Line Sites, a WordPress plugin, was developed by the apartment-marketing agency 30 Lines, based in Columbus, Ohio.
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.