Midwest
Sales of Foxford Communities’ Suburban Chicago Condos Reach Midway Point
Demand for condos isn’t just a city phenomenon: Medinah on the Lake, a condo conversion in the northwest Chicago suburb of Bloomingdale, has sold more than half of its 72 units since sales began in March, according to developer Foxford Communities.
Work Begins on Downtown Chicago Apartment Tower
Ground has broken on Wolf Point West Tower, a 47-story multifamily project in downtown Chicago. When completed in the fall of 2015, the property will feature 509 rental units, 200 parking spaces and more than 400 feet of publicly accessible river walk.
Pre-Leasing Commences at New Vernon Hills, Ill., Luxury Community
REVA Development Partners has announced that is has started pre-leasing for its 304-unit luxury community The Oaks of Vernon Hills in the Chicago suburb of Vernon Hills, Ill.
Steadfast Apartment REIT Acquires 307-Unit Apartment Community in Indy for $27.9M
Steadfast Apartment REIT has acquired Harrison Place, a 307-unit community located in the heart of Indianapolis, for $27.9 million.
Historic Indy Building Gets New Facade
The complicated process of renovating the historic Litho Press building in Indianapolis passed another milestone this week with the completed restoration of the building’s façade. Initially planned as a three or four part of the overall renovation, the façade work actually took about six months. When complete, the building will offer 111 apartments and be called 800 North Capitol Apartments.
Dominium Develops Affordable Senior Community in Suburban Minneapolis
Minneapolis-based Dominium, an owner, developer and manager of apartment communities across the country, has announced the construction of a new independent seniors affordable housing community called The Cavanaugh.
IREM® and its International Chapter Network to Spotlight Organization’s Deep Ethical Roots During Upcoming, Month-Long Observance
The Institute of Real Estate Management (IREM®) and its 93 chapters across the U.S. and abroad will mark, throughout the month of September, the annual observance of “IREM® Ethics Awareness Month.”
McKinley Appointed Asset Manager for 2,772 Bed Purpose-Built Studen Housing Community
McKinley announced it has been retained as Asset Manager for Chandler Crossings located in East Lansing, Mich., serving the Michigan State University campus.
Village Green to Manage 13th Property in Twin Cities Region
Village Green has announced that it is now under contract to manage Grand Pre East in Little Canada, Minn., on behalf of its new client Loboda Properties. The contract for the 251-unit community solidifies Village Green’s 13th property in the Twin Cities region that it either owns or manages.
Ocius Announces Appointment of New President
Ocius, a provider of multifamily resident billing and utility invoice processing solutions, is pleased to announce the promotion of Keith Nelson to the role of president.