Midwest
TODAY’S DEALS: Cohen Financial Arranges $2.2M Life Company Loan for Michigan Property
Cohen Financial secures a $2.2 million refinance for The Abbey Apartments; and Boston Capital invests in an affordable multifamily community.
TODAY’S DEALS: Meridian Arranges $24.8M in Acquisition Financing for Chicago Portfolio
Meridian Capital Group arranges $24.8 million in acquisition financing for an eight-property multifamily portfolio; and Oak Grove Capital provides $11.1 million in FHA refinancing and obtains a waiver to three-year rule.
IREM and CCIM Honor Rep. Steve Stivers (R-OH) as ‘Legislator of the Year’
The Institute of Real Estate Management (IREM®) and the CCIM Institute have jointly honored U.S. Congressman Steve Stivers (R-OH) with their 2014 “Legislator of the Year” award.
TODAY’S DEALS: NorthMarq Negotiates $118M Refinancing for Transit-Oriented Apts. on Behalf of Prometheus
NorthMarq Capital’s San Francisco-based regional office announces the refinancing for of two adjacent downtown properties located in Mountain View, Calif.; and Bernard Financial originates a $5.2 million loan.
Rockstreet Partners JV Acquires Student Housing Community in Bryan, Texas
Rockstreet Partners has announced that it has acquired College Edge Apartments in Bryan, Texas, after entering into a joint venture with ApexOne Investment Partners to own and operate the asset.
Gilbane Breaks Ground on New Student Housing in Ames, Iowa
Gilbane Development has announced that it has officially entered the Ames, Iowa student housing market with the ground breaking of 23 Twenty Lincoln, a 320-bed student community that will serve the student population of Iowa State University’s campus in Ames.
North Dakota Multifamily Project Wins Award from the State
Wolf Run Village in Watford City has received the Champions of Affordable Housing Award from the North Dakota Housing Finance Agency.
Miller-Valentine Group Developing Seniors Housing in Perrysburg, Ohio
Miller-Valentine Group is developing Harbor Town Landing, a four-story apartment community designed exclusively for adults 55 and over in Perrysburg, Ohio.
Preleasing Begins on Chattanooga Luxury Development
Housing Trust Group has begun preleasing at a new luxury community in Chattanooga, Tenn. Rents range between $850 and $999 per month.
Funding in Place for Monastery to Seniors Conversion in Chicago
Senior Lifestyle Corp. has obtained funding for the redevelopment of a monastery on the Northwest Side of Chicago. The Low Income Housing Tax Credits were provided by Boston Capital.