Midwest
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.
KTGY-Designed Community Nears Completion in Denver
KTGY Group Inc., Architecture + Planning has announced that its recently designed apartment community, Aster Conservatory Green, which is being developed by Forest City Enterprises of Cleveland, is nearing completion in Denver.
Two Visionary Housing Experts Named MacArthur “Geniuses”
The John D. and Catherine T. MacArthur Foundation today named its 2014 class of MacArthur Fellows, recognizing 21 exceptionally creative individuals with a track record of achievement and the potential for significant contributions in the future.
StreetLights, Stonelake Capital to Unveil Plans for New West Dallas Community
StreetLights Residential and Stonelake Capital Partners have announced their plans to build a Class A residential development in Stonelake’s Trinity Village residential district in West Dallas.
Peak Campus Management to Manage Student Housing Near Southern Illinois U
Peak Campus Management will manage The Edge, a planned purpose-built student housing asset located near Southern Illinois University-Edwardsville, slated to open in the fall of 2015.
CIM Group to Begin Construction of Tower on Chicago’s Block 37
Initial permits have been secured for the construction of a new 34-story apartment tower on the north side of Block 37 in Chicago’s venerable Loop shopping and entertainment district.