Midwest
K2 Reports Leasing Surge
Another bit of evidence (if any is needed) that the demand for apartments is still brisk in Chicago: K2, a new 496-unit apartment tower in Chicago’s Near West Side, has managed to ink 125 leases in the two-and-a-half months since leasing started, according to co-developer Fifield Cos.
RMK Management Begins Leasing at Chicago-Area TOD
RMK Management Corp. has announced that leasing has begun at Central Station, a new luxury community near the Central Street Metra station in Evanston, Ill.
Two Michigan Apartments Refinanced
In another example of borrowing cheaply while it’s still possible, two apartment properties near Ann Arbor, Mich., have obtained refinancing.
TODAY’S DEALS: NorthMarq Arranges a $20M New Construction Loan in Chicago
NorthMarq’s Chicago regional office arranged construction loan financing of $20 million for Webster Square; and Lucent Capital completes an $11.84 million permanent loan for the recapitalization of a building.
Dominium Acquires 144 Units Spread Over Three Properties
Dominium announced that it has acquired 144 units spread out over three sites. The communities are called Somerset Properties, and are located in Willmar, Minn.
Trammell Crow Company to Build Illinois TOD
Trammel Crow Company announced that it has acquired four buildings on 2.7 acres in Glenview, Ill., including the current local fire department. The company plans to demolish these buildings and build a mixed-use multifamily community called Midtown Square.
Kayne Anderson Buys St. Louis Student Housing
Kayne Anderson Real Estate Advisors has acquired four properties in St. Louis. The portfolio consists of three adjacent apartment buildings totaling 406 units, and a 746-space parking garage. The buyer did not specify a purchase price.
Corvias Military Living Donates AmTryke to Resident in Military Community
In 2012, Mountain Metro AMBUCS approached Corvias Military Living about purchasing an AmTryke for a person belonging to the military community.
Marcus & Millichap Names New Senior Directors
Marcus & Millichap Real Estate Investment Services has named Jonathon McClellan and Kyle Baskin senior directors of the firm’s National Manufactured Housing Group.
Fannie Mae Reminds Servicers of Options for Borrowers Affected by Oklahoma Tornado
Fannie Mae is reminding servicers of options for homeowners affected by natural disasters in the wake of the Moore, Okla., tornado.