Midwest
New Green Developer Transforms Brownfield into Residential Project in Oberlin, Ohio
Oberlin, Ohio–Sustainable Community Associates Inc., a newly established real estate company, has just completed its first project, a Brownfield reclamation endeavor that has resulted in a new mixed-use residential property in Oberlin, Ohio.
One Major Chicago Condo Project Thrives, Another Still a Hole in the Ground
Chicago–The residential real estate contraction and then the onset of the Great Recession created some fierce headwinds for condo developers.
DEAL OF THE DAY: Sperry Van Ness Brokers Sale of Two Apartment Properties for $3.055M
Jefferson, Wis.–Sperry Van Ness represented the seller in the sale of two apartment properties here for $3,055,000.
Rehabilitated Nazareth Towers Presented to Low-Income Seniors in Ohio
Columbus, Ohio–With a ribbon-cutting ceremony, Nazareth Towers, a 208-unit affordable housing property in Columbus, Ohio, officially emerges from a massive makeover, providing its tenant roster of seniors with a modernized residential community.
$155M Mixed-Use Residential Project to Create Job, Put Spotlight on Downtown Indianapolis
Indianapolis–Undeterred by the economic slump and intent on boosting the local employment rate, a public-private team is proceeding with the development of a $155 million mixed-use residential property in downtown Indianapolis.
INVESTMENT: HFF Markets 264-Unit Apartment Community in Indiana
Merrillville, Ind.–The Chicago and Indianapolis offices of HFF (Holliday Fenoglio Fowler, LP) announced today that they have been named to market for sale Broadmoor Country Club Apartments, a 264-unit multi-housing community in Merrillville, Ind.
USGBC Announces New Sustainability Award in Honor of Chicago Mayor Daley
Washington, D.C.–The U.S. Green Building Council (USGBC) has just revealed the establishment of a new award that will honor those who have served as beacons in the movement to develop environmentally friendly cities.
New Minneapolis-Area Apartment Property Focuses on Eco-Friendly Amenities
St. Louis Park, Minn.–The Ellipse on Excelsior, a 132-unit apartment community in St. Louis Park, Minn., has just opened its doors, offering tenants a few unique options for pursuing an environmentally friendly lifestyle.
Chicago Condo Project Re-Purposed Into Warehouse
Chicago–A good many condominium projects came to a screeching halt with the onset of the recession and the housing market contraction, leaving a number of vacant sites in markets nationwide.
More People Are Now Renting By Choice
Chicago–According to a new survey conducted by Apartments.com, a notable percentage of people actively looking to lease in today’s apartment market are not hunting because they have to rent but because they want to rent.