Midwest
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.
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.