Midwest
Marquette Buys Suburban Chicago Apartments
The Marquette Cos. has bought the 304-unit Farmington Lakes apartment community in Oswego, Ill., for an unspecified price.
Joint Venture to Build Minneapolis-Area Multifamily Community
In a joint venture, Trammell Crow Company, through its subsidiary High Street Residential, and Investment Real Estate Trust Properties (IRET Properties) will develop a 260,000-square-foot multifamily community in Golden Valley, Minn.
500 Lake Shore Drive Marks Related Midwest’s Chicago Rental Debut
Some of the headiest views in Chicago are now available to renters, with the debut this week of 500 Lake Shore Drive.
JV Breaks Ground on $39.5M N.D. Community, Banks on Oil Boom
In a joint venture, Braxton Development and The Sterling Group have broken ground on a $39.5 million luxury community in Williston, N.D. This area is currently a hot spot for development, thanks to the Bakken Shale Formation’s oil boom.
Housing Partnership Equity Trust Launches with $100M in Funding for Affordable Communities
The Housing Partnership Equity Trust announced that it has raised $100 million. It will begin investing in multifamily communities in partnership with 12 high-performing nonprofit housing providers.
Leading Furnished Apartments Rebrands as V-Suites
Leading Furnished Apartments, an industry leader in furnished apartment rentals and the furnished housing division of Village Green, has formally changed its name to V-Suites. The company also announced the launch of a new website.
MHN PROFILE: Opportunities Still Exist in Chicago for Acquisition of Lender-Owned Assets, Says Kiser
If you are interested in acquiring small-scale distressed properties, Lee Kiser, principal of Kiser Group, has this to say: “Welcome to the club.”
San Francisco Exec James Cantrell, CPM, Honored for Contributions to Real Estate Management Education
Chicago—The Institute of Real Estate Management (IREM®) Foundation, a nonprofit 501(c)(3) public foundation, recently honored James H. Cantrell, CPM®, of San Francisco, CA, with its Lloyd D. Hanford Sr. Distinguished Faculty Award. The Hanford award is presented periodically to a member of the IREM® faculty who has shown extraordinary dedication to the educational process and the advancement of knowledge in the real estate management profession. It commemorates the direct contributions of Lloyd D. Hanford, Sr., one of the Institute’s early presidents and a founder of the IREM® real estate management education program. An IREM instructor for 30 years, teaching courses…
RentSentinel Acquired By Real Page
RentSentinel and RentSocial were recently acquired by a subsidiary/affiliate of RealPage, Inc.
The Opus Group to Build Luxury Apartments in Kansas City
The Opus Group, a Minneapolis-based commercial real estate company, announced that its subsidiary Opus Design Build LLC is the design-build contractor for a new luxury community in Kansas City, Mo., called 51 Main.