Midwest
DEAL OF THE DAY: NorthMarq Arranges $95.81M Tax-Exempt Bond Securitization for Multifamily Portfolio
Omaha, Neb.–John Reed, vice president of NorthMarq Capital’s Omaha Regional office, arranged a $95.81 million Freddie Mac tax-exempt bond securitization for a national bond portfolio owned by America First Tax Exempt Investors L.P.
$44M Mixed-Income Apartment Complex Breaks Ground on Chicago’s West Side
Chicago–A vacant site in Chicago’s historic North Lawndale neighborhood will be vacant no more once developer B-M Ogden L.L.C. is done.
Arlington Grove Multifamily Redevelopment Under Way in St. Louis
St. Louis–Construction has started on the Arlington Grove residential redevelopment project in north St. Louis.
Chicago’s Newest Luxury Rental
Chicago–EnV Luxury Apartments is a 249-unit, 29-story project in Chicago.
DEAL OF THE DAY: Arbor Closes $2.7M Refinance for Small Loan
Mankato, Minn. – Arbor Commercial Funding, LLC recently funded a $2,866,500 mortgage under the Fannie Mae DUS Small Loan product line for the 70-unit complex known as Village Place Apartments in Mankato, Minn. The 10-year loan amortizes on a 30-year schedule.
MHN Interview With Evan Gladstone: High Demand for Foreclosed Multifamily Now
Evan Gladstone talks to MHN about distressed multifamily properties.
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.