Midwest

Detroit. Photo by Wirestock/iStockphoto.com

Detroit Multifamily Report – December 2023

The market’s average rate was up just 0.4 percent in 12 months.

Canterbury East is within walking distance of shopping centers, medical and emergency facilities and several dining options. Image courtesy of Yardi Matrix

Millennia Cos. Obtains $30M Refi for Michigan Portfolio

JLL Capital Markets secured the loan through Citigroup Inc.

Greystone Monticello Arranges Green Loan for Indiana Student Property

The financing backs a community in Bloomington.

JV Plans Tower in Chicago’s Fulton Market

Shapack Partners and CRG are developing the project.

Bigos Management Acquires Minneapolis Property

Previously known as Via Sol, this mixed-income asset has been rebranded as Zelia on Seven.

Equus Capital Sells Kansas City Townhomes

Previous ownership completed more than $2.7 million worth of value-add upgrades.

Inland Group Buys Trio in Twin Cities

JLL Capital Markets arranged financing for the deal.

Tishman Speyer Acquires Downtown Chicago Tower

The property is in the city’s West Loop neighborhood.

3Eleven is a 245-unit community in Chicago.

Vista Property Buys Chicago High-Rise for $76M

JLL arranged a $47.8 million Freddie Mac loan for this acquisition.

43 Green phase 2 topping out

Habitat Tops Off 2nd Building in Chicago Development

Located near a rail station, 43 Green is on track for completion next summer.