Midwest
McShane Awarded Construction on Continental Properties Development
Continental Properties has appointed McShane Construction Company’s Southeast Region to handle construction of Springs at Waukee, a 260-unit luxury apartment community to be built near Des Moines, Iowa.
RMK Management Welcomes First Residents to 73 East Lake Luxury Apartments
Chicago—RMK Management has announced that residents have started moving into the 42-story, M & R Development apartment building in Chicago’s Loop. The luxury building is the first new-construction apartment tower to open in 2014 and M & R’s first luxury apartment tower to open in Chicago since 2010.
Foxford Communities Begins Sale of Ill. Luxury Apartments
Foxford Communities have begun sales at Clocktower Pointe, a 108-unit luxury condominium development in Countryside, Ill.
North Gate Apartment Homes Begins Leasing ND Apartment Community
North Gate Apartment Homes, a partnership between The Sterling Group and Braxton Development, has begun leasing homes from its on-site resident clubhouse in Williston, N.D.
JPMorgan Chase & Co. Announces $100 Million Commitment to Support Detroit’s Economic Recovery
JPMorgan Chase & Co. unveiled a $100 million, five-year commitment to support and accelerate Detroit’s economic recovery and strengthen its communities.
NWP Regulatory Update: Ohio & Connecticut
The Ohio Legislature has two more weeks of regular sessions before they close up shop for the year. It is possible that the legislature may reconvene for a Special Session in June, if necessary. Additionally, the Connecticut Public Utilities Regulatory Authority has requested comments to their Draft Electric Submetering Rules due on May 15, 2014.
Bellwether Enterprise Expands East Coast Presence with New Hire and New Office in Boston
Bellwether Enterprise Real Estate Capital, the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment, announced the hiring of Paul E. Donahue as senior vice president.
Edward R. James Companies Constructing 29-Unit Townhome in Chicago’s North Shore
Edward R. James Companies has received approval from the Park Ridge Planning and Zoning Commission to develop Brighton Mews, a 29-unit luxury townhome development in the heart of Park Ridge, Ill.
Shamrock Communities Announces Re-Opening of Indianapolis Community
Shamrock Communities kicked off the grand re-opening of Cottages of Fall Creek Apartments in Indianapolis with an on-site ribbon cutting ceremony to celebrate the repositioning of the community.
Annex Student Living Continues to Increase Collegiate Portfolio
With the addition of three Midwest assets over the past year, Indianapolis-based student housing developer Annex Student Living increased its portfolio by $35 million and has contracts in place to grow its total assets to nearly $100 million by 2016.