Midwest
HFF Named to Market Sale of Blue Vista’s Level 27 Student Housing Community Near Miami University
Blue Vista Capital Management has named HFF to market the sale of its Oxford, Ohio, student housing community, Level 27. The 216-unit, 756-bedroom community is expected to sell around the $30 million mark and will be able to be purchased without any existing debt.
Equus Acquires Suburban St. Louis Community
An affiliate of Equus Capital Partners has acquired from Village Green a 251-unit apartment community called Village Park of Ballwin, located in Ballwin, Mo., a western suburb of St. Louis.
Senior Lifestyle Developing Retirement Community in Northbrook, Ill.
Senior Lifestyle is developing North Shore Place, a five-story retirement building in Northbrook, Ill., that is set to open in summer of 2014.
The Marquette Companies Develops 220-Unit Apartment Community in Algonquin, Ill.
The Marquette Companies has opened the recently developed Algonquin Square, a 220-unit garden-style community located adjacent to the Algonquin Commons lifestyle shopping center, in Algonquin, Ill.
Related Midwest Announces Jacques Sandberg As Vice President
Related Midwest, one of the most active real estate developers in Chicago, announces the addition of Jacques Sandberg as vice president.
Trammell Crow Company Breaks Ground on Mixed-Use Development in Chicago North Shore Submarket
Trammell Crow Company, through its wholly owned subsidiary High Street ResidentialSM, has begun construction on Midtown Square, a four-story, mixed-use development in Glenview, Ill.
CBRE Sells Cincinnati Apartment Community for $2.6M
Four Towers at Ferguson Apartments has changed hands for about $2.65 million. The 156-unit Cincinnati property was acquired by an unspecified but locally based property owner; the seller, the heirs of the original developer, were represented in the deal by the CBRE Cincinnati-Indianapolis Multi-Housing Group.
The Habitat Company’s Hubbard Place Set for Early Autumn Opening
The doors to Hubbard Place, the newest Chicago luxury apartment community from The Habitat Company, are set to swing open on October 1.
MRI Software to Enhance Its VaultWare Reservation System’s Integration with Yardi
MRI Software announced today that it has signed an agreement with Yardi to create an officially supported integration between MRI’s VaultWare Apartment Reservation System and Yardi.
New Income and Expense Data for Conventional Rental Apartments Reported in IREM Benchmarking Study
Gross possible rents for the four conventional rental apartment types examined (elevator; low-rise with 12 to 24 units; low-rise with 25-plus units; and garden) rose within a range of 1.6 percent and 4.0 percent in 2012 versus 2011.