Midwest
MARKET SNAPSHOT: Detroit Posts Third Consecutive Year of Job Gains for First Time since 2000
Metro sees the addition of nearly 100,000 jobs over the past three years, and many submarkets are beginning to post vacancy rates below 4 percent.
Mainstreet Property Group Announces Acquisitions for Affiliated REIT
Mainstreet Property Group announced on March 25 that the board of directors of its affiliated REIT, HealthLease Properties Real Estate Investment Trust, has approved acquisition of 13 senior housing and care properties.
Dominium Adds Tracy Bolton as Director of Marketing
Dominium, an apartment development and management company, today announced that it has hired Tracy Bolton as director of marketing at its home office in Plymouth, Minn.
ARA Announces $7M Sale for 240-Unit REO Asset
ARA has announced the sale of Lakeside Landing, a 240-unit community in Lakeside Park, Ky., which is also part of the Cincinnati market.
Tricia Van Horn Joins Related Midwest as Vice President of Marketing
Related Midwest, a Chicago-based real estate developer, announced Tricia Van Horn has joined the firm as vice president of marketing.
Penthouse Model Opens in Chicago’s West Town
Wicker West 1555, a nine-unit mixed-use condominium development at North and Talman Ave. in Chicago’s West Town, is offering a contemporary, professionally furnished and decorated new duplex penthouse model.
Oak Grove Capital Welcomes Ryan Cahalan, Expands Chicago Office
Oak Grove Capital, a national provider of real estate financial services, announced that Ryan Cahalan has joined the St. Paul-based mortgage lender as a vice president.
Mayer Brown Expands Real Estate Practice with Addition of Brian Davis as Partner in Chicago
Mayer Brown, a leading global law firm, announced today that Brian Davis has joined the firm in Chicago as a partner in the Real Estate practice. Previously, he was a partner in the Chicago office of Kirkland & Ellis.
Pre-Leasing Set to Open For Chicago Luxury Community
Morningside Group, a Chicago-based developer, will begin pre-leasing the luxury apartment community Wheaton 121 on March 15.
Randall Lofts Another Triumph for Downtown Ft. Wayne
The historic Randall Building in downtown Ft. Wayne is being converted to apartments in a $7.5 million renovation and adaptive reuse project being undertaken by Carmel, Ind.-based RealAmerica Development.