Midwest
Leasing Agents Can Now Connect with Renters Through Live Chat
Chicago–This will allow renters to contact leasing professionals instantly.
DEAL OF THE DAY: Hendricks & Partners Helps Bank of America Sell Michigan REO Portfolio
Detroit–Hendricks & Partners has completed the sale of the Greenfield Portfolio, located in Detroit.
Affordable Apartment Project in Chicago Goes Green
Chicago–$9.8 million came through the federal American Recovery and Reinvestment Act.
DEAL OF THE DAY: NorthMarq Arranges $7.6M Mortgage via AmeriSphere Affiliate
Richfield, Minn.–NorthMarq Capital’s Minneapolis regional office arranged first mortgage financing of $7.6 million for The Oaks on Pleasant.
DEAL OF THE DAY: Arbor Closes $17,882,500 Fannie Mae Loan at 5.68% Interest
Fairview Heights, Ill.–Arbor Commercial Funding LLC recently funded a $17,882,500 loan under the Fannie Mae DUS product line for the 252-unit complex Longacre Ponds in Fairview Heights, Ill.
Downtown Chicago Apartment Fundamentals Strengthen
Chicago-Apartment fundamentals in downtown Chicago will probably strengthen in the near future.
Mixed-Use Tower, Containing 198 Luxury Apartments, Opens in Chicago
Chicago–Flair Tower is located at 222 W. Erie St. in the large arts district of River North in Chicago.
DEAL OF THE DAY: Hendricks & Partners Closes on $4.6M Sale
Hendricks & Partners brokered the $4,600,000 sale of the 268-unit Alpine Lake, located at 665 North Alpine Lake Drive.
Ohio Apartment Complex to Be Refurbished with Recovery Act Funding
An aging affordable housing complex in Warren, Ohio is the first federal stimulus redevelopment project in the country to access Recovery Act funding from the U.S. Treasury’s Housing Finance Agency Initiative.
Michigan Apartment Owner Markets Through Social Media Entertainment
Final Five Productions, a video production and social media marketing company, has created a series of on-line videos for Urbane Apartments, a suburban Detroit apartment owner.