Midwest
Suburban Columbus Community Gets $10M Refi
Grandbridge Real Estate Capital provided the 10-year, Freddie Mac loan for the 156-unit Class C property.
JDP Launches Illinois Student Housing Project
ICON will serve students attending the University of Illinois at Urbana-Champaign campus and is scheduled for completion by August 2021.
Evergreen Grows Affordable Housing Management Portfolio
The firm added 11 communities totaling nearly 1,000 units located in Illinois, Minnesota, Ohio, Pennsylvania and Wisconsin.
Knighthead Funding Originates 3 Michigan Loans
The financing will be used for various projects in Detroit, Traverse City and Ann Arbor.
Northern Columbus Community Lands $35M Fannie Mae Refi
The financing replaces $29 million in construction financing at the 196-unit Station 324.
Interra Realty Arranges $3M Suburban Chicago Sale
Senior Managing Partner Joe Smazal, Managing Partner Pat Kennelly and Director Paul Waterloo facilitated the transaction.
JLL Arranges Development Financing for Minneapolis-Area Community
The 202,122-square-foot NOVO will feature 192 units in Richfield, Minn.
Skender Tops Out Chicago Shelter
Sarah’s Circle financed the 36,000-square-foot development with a $14 million donation from a national foundation.
Luxury Project Starts Construction in Ohio
Flaherty & Collins Properties is building the $80 million community in Cleveland Heights.
Top 5 Midwestern Markets for Multifamily Transactions
Yardi Matrix data shows that more than two thirds of the $1.5 billion closed in the first quarter involved assets in only five of the region’s metros.