Midwest
MARKET SNAPSHOT: Milwaukee Reports a Low Average Vacancy for Midwestern Market
Milwaukee has doubled its job growth in the last year; coupled with virtually no new construction, the market has one of the lowest vacancies in the Midwest.
Equity Residential Enters into Billion Dollar Agreement to Acquire Interest
Equity Residential announced it has signed a contract to acquire 26.5 percent ownership interest in Archstone, a privately held owner, operator and developer of multifamily properties. The agreement was for $1.325 billion, in cash.
MHN PROFILE: PostGradApartments
PostGradApartments connects recent college graduates with housing, and it is on the lookout to partner with apartment companies.
Ground Broken For Apartments on CSU Campus
Cleveland State University, along with co-developers Polaris Real Estate Equities and Buckingham Cos., have broken ground on the Campus Village, a new $50 million mixed-use property on the Cleveland State University Campus.
Affordable Seniors Redevelopment Near Completion in SW Chicago Suburbs
The full renovation of the Thornwood House Apartments in southwest suburban University Park is nearing completion. The affordable rental apartment building includes units designed for seniors 62 years or older and persons with disabilities.
PROFILE: Harrison Street Real Estate Capital LLC
What sectors of the multifamily industry enjoy the most consumer demand and are the most resilient? Answer that question and you have named the strategy of Harrison Street Real Estate Capital LLC: Harrison Street believes that those two sectors are precisely student and seniors housing.
Condo Property in NW Sububan Chicago Tries Rent-to-Own
The Heritage of Palatine, a new condominium development in downtown Palatine, a northwestern suburb of Chicago, has started a rent-with-option-to-buy program on a handful of its remaining units.
New Seniors Housing Opens on West Side of Chicago
Habilitative Systems Inc. has opened the Enola A. Dew Apartments for Senior Living on the West Side of Chicago. The $10 million, 60-unit complex was funded by HUD and the city of Chicago Department of Housing.
MARKET SNAPSHOT: Kansas City’s Predictability Leads Investment Interest to Double
Kansas City, Mo.–Investment interest in the Kansas City metro has nearly doubled, reports Mac Crowther, principal in ARA’s (Apartment Realty Advisors) Kansas City, Mo. office.
High Rise Means Higher Profile for Windy City University
The new vertical campus of Chicago’s Roosevelt University promises to give the Loop-based institution higher visibility on the Windy City higher education scene.