Midwest
Construction Underway on McKinley’s Glencoe Oaks near Ann Arbor
Construction is underway on Glencoe Oaks, a luxury apartment community being developed by McKinley in Pittsfield Township, Mich., which feeds into the Ann Arbor school system.
U.S. Mortgage Delinquencies Dropped, According to TransUnion
In its latest mortgage report, financial data specialist TransUnion says that U.S. mortgage delinquencies have dropped for the 10th consecutive quarter to 3.46 percent at the end of the second quarter of 2014. In the third quarter of 2013, the delinquency rate was 4.32 percent.
IREM Names “Student of Year” Scholarship Winner
The recipient of this year’s “Student of the Year” scholarship awarded by IREM and the IREM Foundation was been announced. She is Dan Nguyen, a senior honors student at Virginia Tech in Blacksburg, Va.
Morningside Group Teams With Crossroads Development Partners On Mixed-Use Development in North Chicago Suburb
Morningside Group and Crossroads Development Partners are teaming on NorthShore 770, a planned 347-unit luxury apartment and 101,435-square-foot retail center project in Northbrook, Ill., scheduled to open at the end of 2015.
Ryan Companies Breaks Ground on $31.7M Seniors Living Community
The Great Lakes Region of Ryan Companies US Inc. broke ground on its newest age-restricted senior living community in Mokena, Ill.
Bainbridge Picks McShane for New Student Housing Near U of I
The Bainbridge Cos. has tapped McShane Construction Co. to build Campus Circle-Urbana, a new student housing project adjacent to the University of Illinois at Urbana-Champaign campus.
Waterton’s Presidential Towers in Chicago Captures LEED Silver
On the heels of a multi-year redevelopment, Chicago’s Presidential Towers apartment community has been awarded LEED Silver certification from the U.S. Green Building Council.
USAA, Golub Buy Chicago Apartment Tower for $80M
USAA Real Estate Co. and Golub & Co. have acquired Chestnut Place at 850 N. State Street in Chicago for $80.5 million from Chestnut Place Associates.
PMG Announces Plans for Development at University Village in Chicago
Property Markets Group has announced its plans to develop a new $35 million residential project near the University of Illinois at Chicago campus in the University Village neighborhood.
TODAY’S DEALS: Kislak Completes $136M Multifamily Property Sale–Largest in New Jersey Since ‘11
The Kislak Co. Inc. announced the $136 million sale of Rachel Gardens, a 764-unit apartment community on more than 98 acres in the Pine Brook section of Montville, N.J.; and NorthMarq Capital supplies a $10.6 million refinance for a Chicago redevelopment.