Midwest
WNC Provides $6.06M in LIHTC to Fund Redevelopment Project
WNC has announced the completion of redevelopment efforts at the 112-unit Village Green Senior Apartments in Decatur, Ind.
Perkins Coie Closes on $200M U.S. Treasury Guaranteed Bond Issue
Following on the heels of its closing of a $125 million U.S. Treasury guaranteed bond in August, Perkins Coie has announced that it has closed on another $200 million of the same type of bond issue on Sept. 25, 2014 for Minneapolis-based Community Reinvestment Fund and four Certified Development Financial Institutions.
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.