Midwest
Circumspex Signs On Again as an IREM® Industry Partner
The Institute of Real Estate Management (IREM®) announced that Circumspex LLC has become a 2013 IREM® “Industry Partner,” continuing the mutually rewarding relationship between the two organizations that was formalized in 2011.
McKinley and Avanath Capital Launch New Partnership
Albert M. Berriz, CEO McKinley, Inc. and Daryl J. Carter, founder, chairman and CEO of Avanath Capital Management, jointly announced the launch of “mckinley – avanath” a residential property management enterprise created to manage apartment home communities acquired by Avanath for its various investment platforms, as well as assets owned by institutional partners and clients.
Cohen Real Estate Marketing 3.38-Acre Multifamily Development Site Outside Twin Cities
Manhattan-based Cohen Real Estate is marketing a 3.38-acre development site just outside the Twin Cities in Edina, Minn., which is zoned for multifamily residential, senior housing, medical or retail.
IREM Kicks Off Year-Long 80th Anniversary Observance
The Institute of Real Estate Management recently launched a year-long observance of its 80th anniversary.
Construction Slated to Begin on $148M Joint Venture
Construction will begin later this year on a $148 million luxury community in Evanston, Ill. The project, which was recently approved by the Evanston City Council, was proposed by a joint venture between developers Fifield Cos. and Carroll Properties.
Former Corus Bank Portfolio on the Market
ST Residential has put a portfolio of 13 multifamily properties in eight states on the market.
HFF Arranges $25M in Acquisition Financing for Minneapolis Community
HFF has closed the sale of and arranged $25 million in acquisition financing for a 228-unit, mixed-use multifamily community in Minneapolis to KBS Legacy Partners Apartment REIT Inc.
Haley Real Estate Group Announces $8M Renovation for Oklahoma Community
Omaha, Neb.-based Haley Real Estate Group announced they are investing $8 million to renovate Park Place, an apartment community in Oklahoma City, Okla.
New High-Tech Dry Cleaning Amenity is Unveiled to Apartment Market in Detroit
In keeping with the innovative nature of previous ventures, nationally recognized dry cleaning entrepreneur Wayne Wudyka recently unveiled his new “bizzie” at an event at the Farbman Group’s Lofts @ Woodward Center in downtown Detroit, Mich.
MSHDA to Build New Senior Development in Michigan Suburb
Michigan State Housing Development Authority will open The Lake Pointe Apartments, a planned $4.2 million affordable housing development for seniors in downtown Hart, Mich.