Midwest
Dominium Management Services Hires Debbie Vail
Debbie Vail has been named regional manager of Dominium Management.
DEAL OF THE DAY: Berkadia Originates $24,095,200 in FHA Financing at 4.63% Interest
McHenry, Ill. –Berkadia Commercial Mortgage LLC (Berkadia) originated two permanent, fixed-rate loans totaling $24,095,200 for multifamily properties in McHenry, Ill.
MARKET SNAPSHOT: Windy City Relatively Stable Compared to Other Midwest Markets
Apartment operating fundamentals throughout Chicago are expected to remain soft this year, particularly in the suburbs, according to the Marcus & Millichap’s 2010 National Apartment Report.
Mixed-Use Community Achieves First LEED ND Certification
Excelsior & Grand, a 17-acre, mixed-use community in St. Louis Park, Minn., has received the nation’s first LEED (Leadership in Energy and Environmental Design) for Neighborhood Development certification for a “Stage 3, Completed Project” under its Pilot Program.
In Historic Federal Courthouse, Co. Builds 176 Workforce Housing Apartments
The Alexander Co. of Madison, Wisconsin, has acquired the historic U.S. Federal Courthouse in downtown Kansas City, Miss. The company will renovate the 72-year old Courthouse into 176 workforce-housing apartments as part of a $35 million public/private partnership.
National Trust for Historic Preservation Presents Awards to Multifamily Developments
The National Trust for Historic Preservation presented 23 awards during its 2009 National Preservation Conference in Nashville, Tenn. Of these awards, two were multifamily-oriented.
James R. Gillespie Named Distinguished Alumnus by College of Applied Health Sciences
Jim Gillespie, President and CEO of Coldwell Banker Real Estate LLC, Parsippany, New Jersey, has received the 2009 Distinguished Alumni Award from the College of Applied Health Sciences at the University of Illinois at Urbana-Champaign. He was honored for his outstanding contributions to business and community growth through leadership and philanthropy. The award was announced Friday, October 9, 2009, during ceremonies at Huff Hall.
MULTI-HOUSING EXECUTIVE UPDATE: MBA Names Brad Cheney and Pace Bradshaw as Directors of Legislative Affairs, and Other Moves
The Mortgage Bankers Association (MBA) has appointed Brad Cheney as director of legislative affairs and has also promoted Pace Bradshaw to director of government affairs.
Phase 1 of Lofts at Roosevelt Collection Now 70% Leased
-More than 70 percent of Phase One at The Lofts at Roosevelt Collection in Chicago have been leased. The project features 170 units.
Jumping on the Bandwagon, LaSalle Forms Partnership to Capitalize on Discounted Real Estate
As expected, price tags on commercial real estate around the world are dropping and LaSalle Investment Management is among the minority presently in a position to take advantage of bargains, the likes of which may not be seen again in decades. The Chicago-based firm has just formed a fund with the Austin-headquartered