Midwest
Detroit Honors Local Multifamily Developer Village Green
The City of Detroit has honored multifamily specialist Village Green for its efforts in revitalizing the apartment market in the city’s urban core.
Multifamily Real Estate Veterans Launch Magellan Investment Partners
Magellan Investment Partners recently launched, expanding the Magellan Development Group’s reach into the acquisition of multifamily housing investment opportunities across the country.
Akara Ready to Start Work on New Chicago Condos
Akara Partners, a locally based developer, is on the verge of breaking ground on 100 W. Huron St. in Chicago’s River North neighborhood, just north of downtown Chicago.
Haley Buys Five Apartment Properties for $64M
Haley Real Estate Group has acquired five apartment properties for a total of $64.3 million.
McShane Construction Selected to Complete 115-Unit MF Community in Park Ridge
High Street Residential has chosen McShane Construction to complete Park 205, a 115-unit luxury multifamily development situated on a 3.6-acre infill site in Park Ridge, Ill.
MC Residential Rolling Out Different Approach to Leasing Tours
Taking the stance that salespeople often get in the way of and create an uncomfortable atmosphere for the consumer, MC Residential is in the process of rolling out a new apartment touring strategy that gives the prospect the opportunity to view apartments without the distraction of leasing staff.
TODAY’S DEALS: Inland Acquires Newly Constructed Indianapolis Community
Inland Real Estate Picks up a 384-unit asset from Milhaus in an HFF-brokered sale; Gebroe-Hammer closes 13 multifamily sales in July and August; and Meridian Capital brokers $29 million in creative acquisition and construction financing for a boutique condominium project.
Continential Properties Begins New OK City Apartments
Developer Continential Properties Inc. has started work on Springs at Memorial in Oklahoma City.
73 East Lake Awarded LEED Gold, Surpasses 60 Percent Leasing Mark
M & R Development has announced that its 42-story apartment building, 73 East Lake, in Chicago’s East Loop has been awarded LEED Gold certification from the U.S. Green Building Council.
Detroit Breaks Ground on Unprecedented Public Transit System
Ground has been broken for the M-1 RAIL Streetcar project, an unprecedented Detroit public transit initiative intended to generate new investment and development around the rail line.