Midwest
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.
TODAY’S DEALS: NorthMarq Capital Advances $17.9M Refi Loan on Behalf of Life Insurance Company
NorthMarq Capital arranges first mortgage financing; a site next to the 10th fairway of the Hamlet Wind Watch Golf Club has been listed for $12 million; and Berkadia Commercial Mortgage originates $6.3M refinancing.
JP Morgan Buys Chicago Multifamily Trophy Property for $182M
Chicago–J.P. Morgan Asset Management will take a majority stake in the 87-story Aqua, a mixed-use development in downtown Chicago.
TODAY’S DEALS: Essex Realty Group Brokers Sale of Multiple Apartment Buildings in Chicago
Chicago–Essex Realty Group Inc. announced the sale of multiple apartment buildings on the South Side of Chicago.
Thomas Secures Idaho’s First LEED for Homes Platinum Certifications
Thomas Development Co. obtained LEED for Homes Platinum certification for its new Rosslare Senior Apartments and Cardona Senior Apartments properties.
DEAL OF THE DAY: Oak Grove Capital Closes $7.2M HUD 223(f) Refinancing Loan
Shakopee, Minn.–Oak Grove Capital provided $7.2 million in funding for White Pines Apartments. The HUD MAP 223(f) refinance was for a repeat borrower.
McCaffery Begins Marketing for Ambitious Chicago Lakeside Development
Chicago–McCaffery Interests Inc. has kicked off the marketing of Chicago Lakeside Development L.L.C. by opening a 2,000-square-foot marketing center on the site of the development.