Midwest
MARKET SNAPSHOT: Regional Investors Eye Ohio for Cash-on-Cash Returns
Columbus, Ohio–Regional players may be developing more interest in Ohio, according to Mark Rohr, partner in Hendricks & Partners’ Midwest Apartment Group.
Condo Convertor Offers Deep Discounts on Chicago Property
Chicago–Condo sales and prices were down in 2010. American Invsco is temporarily knocking half the price off units in one of its properties.
HIT Invests $42M in St. Louis-Area Multifamily
St. Louis–The AFL-CIO Housing Investment Trust has provided nearly $42 million in financing for two multifamily developments in greater St. Louis.
MARKET SNAPSHOT: Positive Auto Industry News Provides Cautious Optimism to Detroit Apartment Industry
Detroit–The resurgence of the automotive industry has brought some optimism to Detroit and its apartment market.
The Moderne Breaks Ground in Milwaukee
Milwaukee–Barrett Visionary Development broke ground this week on the Moderne, a mixed-use, 30-story tower in downtown Milwaukee.
Pension Fund Manager to Help Create 635 Union Jobs Via $50M Investment
Minneapolis–The AFL-CIO Housing Investment Trust continues to aid the creation of construction jobs and support affordable housing with a recent $50 million investment in a Minneapolis multifamily rehabilitation project.
Chicago Affordable Apartments Win Neighborhood Development Awards
Chicago–The 17th annual Chicago Neighborhood Development Awards recognized two North Side Chicago multifamily developments, one for affordable housing, the other for for-profit development.
USD’s Coyote Village Becomes South Dakota’s First LEED Gold Residence Hall
Vermillion, S.D.–Coyote Village, a 550-bed student housing building at the University of South Dakota, has become the first residence hall in the state to earn LEED Gold certification from the U.S. Green Building Council.
Financing Comes Together for Suburban Milwaukee Luxury Apartment Redevelopment
Wauwatosa, Wis.–HSI Properties teams with the Federal Housing Administration and AG Architecture to bring sought-after high-end apartments to suburban Milwaukee with The Enclave.
200 Squared Debuts as Green Architectural Gem in Chicago’s Loop
Chicago–200 Squared, a 42-story apartment property, was developed to be one of the greenest residential high-rises in the Loop.