Midwest
BlackRock Sells Minneapolis Luxury Community
JLL represented the seller in its disposition of Eitel Apartments, the redevelopment of a historic building part of the old Eitel Hospital.
Matthews Real Estate Adds Vice President of Multifamily
Robert Starrett will focus on growing the company’s presence throughout the Midwest. He previously served as the director of finance and acquisitions for The Mid-America Management Corp.
Kiser Group Closes $18M Multifamily Portfolio Deal
The transaction marked the largest deal by sale price closed in Chicago’s South Shore in 15 years.
Dougherty Mortgage Closes $54M Construction Loan
The financing will be used for the development of Sundance at Settler’s Ridge, a project in Woodbury, Minn.
Indianapolis Multifamily Report – Fall 2019
Spurred by robust population growth and household creation, the city’s rental demand is keeping up with supply.
New Affordable Housing Development Set for Chicago Area
Construction has begun on a mixed-use project offering 72 units in Maywood, Ill.
Elevation Enters Indiana Senior Housing Market
The private equity investment company paid $20 million for a 496-unit affordable senior community in Indianapolis, its largest transaction to date.
Passco Spends $90M in Suburban Chicago
KeyBank financed the acquisition of the recently developed luxury community in Vernon Hills, Ill.
City Club Apartments Kicks Off Detroit Redevelopment
The $25 million project will update the 1974-built tower and designate 20 percent of the units as affordable for the property’s current residents.
Essex Realty Facilitates Chicago-Area Sale
The firm brokered the sale of a 39-unit transit-oriented property located in Naperville, Ill.