Midwest
TODAY’S DEALS: Lee & Associates Moves 15-Unit Apartment Building for $2.5M
Lee & Associates sells a 15-unit apartment building for $2.5 million; Waterton Residential purchases 509 condo units at Lansbrook Village in Palm Harbor, Fla.; and Tikijian Associates handles the sale of a 88-unit property in Mooresville, Ind.
Tornados Continue to Tear Apart the Midwest
Violent tornados ripped up parts of the central United States last night, killing at least 15 people in Oklahoma, Arkansas and Kansas.
MARKET SNAPSHOT: Investor Interest Increases in Louisville, Ky. Apartments
Louisville, Ky.–Increasing investor interest has been noted lately in Louisville, with many out-of-state buyers seeking assets in the metro area.
TODAY’S DEALS: Kislak Brokers $27.3M Short Sale of Philadelphia High Rises
Kislak completes a $27.3M short sale, and NorthMarq arranges a seven-year Freddie Mac loan.
McCormack Baron Salazar Gains Two LEED-ND Certifications
St. Louis, Mo.–McCormack Baron Salazar has become the first developer to receive LEED for Neighborhood Development certification for two completed neighborhoods.
Post Investment Group Breaks Ground on Metro Little Rock Apartments
North Little Rock, Ark.–Construction has begun on Riverside at Rockwater, a 264-unit apartment property that is part of a mixed-use redevelopment on the site of a former industrial facility.
American Campus Communities and ISU Partner on $59.6M Student Apartment Project
Normal, Ill.–American Campus Communities Inc. and Illinois State University will break ground on Cardinal Court, an 896-bed student-housing community.
Summit Design + Build Hits Restart on Stalled Chicago Apartment Project
Chicago–Development of the luxury apartment building in Chicago’s Wicker Park neighborhood is back underway now that Summit Design + Build L.L.C. has stepped in and taken the construction reins.
East St. Louis Housing Authority Closes New Markets Tax Credit Deal
East St. Louis, Ill.–The East St. Louis Housing Authority has closed a complex and novel NMTC transaction that will fund the mixed-use Jazz @ Walter Circle project.
Chicago’s Flair Tower Secures LEED Silver Certification
Chicago–Flair Tower, a boutique transit-oriented development featuring 198 upscale residences, recently earned LEED Silver certification.