Midwest
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.
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.