Midwest
Former Medical Offices Might Become Apartments
Diversified Asset Management has acquired Highland Tower in Kansas City, Mo., which currently includes about 116,500 square feet of office space, though most of it is vacant. The new owners are exploring the redevelopment of the property into mixed-use building with about 300 apartment units.
McShane Construction Company Completes Renovation of Affordable Apartments in Chicago Neighborhood
McShane Construction Company has completed the comprehensive rehabilitation and renovation of the Borinquen Bella Apartments, located in Chicago’s Humboldt Park neighborhood, on behalf of the Latin United Community Housing Association.
Ocius Plants Trees to Entice Apartment Residents to Go Paperless
Ocius, a provider of resident billing and utility invoice processing services for apartment managers, announced a new program to encourage residents to receive their monthly statements via email.
RED Hires Jim Hensley to Head Origination Teams and Lead Expansion Efforts
Red Mortgage Capital LLC, the mortgage banking arm of RED Capital Group LLC announced the addition of James P. Hensley as a senior managing director to its senior management team.
TODAY’S DEALS: NorthMarq Arranges $23.25M Life Insurance Company Loan with Advance Rate Lock
NorthMarq Capital brokers first mortgage refinancing of $23.25 million for Woodlake Apartments in Gurnee, Ill.; and Los Angeles County apartment complex changes hands at $9.9 million.
Oak Grove Capital Provides $55.64M For Three Minn. Communities
Oak Grove Capital recently originated three HUD 223(f) loans totaling $55.64 million to refinance three multifamily communities in the Twin Cities area of Minnesota.
Crowning Touch for Chicago High-Rise Apartment Project
The 42-story luxury high-rise apartment community 73 East Lake, under construction in Chicago’s Loop, has been topped off. The announcement was made by the developer, Chicago-based M&R Developmen
Supportive Housing Development Opens in Chicago Suburb
Myers Place, a supportive housing development in northwest suburban Chicago, has been completed.
The Grant Given its Grand Opening in Chicago’s South Loop
The Grant, the redesigned, repositioned Chicago condominium from Related Midwest, recently celebrated its grand opening.
SVN|Crossroads Property Management Taps Kirsten Helma as New COO
Sperry Van Ness International Corporation (SVNIC), a commercial real estate services franchisor, announced that Kirsten Helma has joined SVN|Crossroads in Schaumburg and Chicago as its chief operating officer.