Midwest
Lendlease Breaks Ground on 2 Chicago Communities
The company teamed up with Magellan Development Group to construct Cascade, a 503-unit rental tower, and Cirrus, a 363-unit luxury property.
Detroit Multifamily Report – Summer 2019
The leisure and hospitality sector leads gains, mainly due to an increasing number of visitors as well as new hotel projects coming online.
NKF Originates $11M in Refinancing for Cincinnati Asset
Eleven Hundred, a Shamrock Communities property since 2015, was subject to a prior 12-year Fannie Mae loan with SunTrust Bank.
Opus Completes Chicago-Area Luxury Community
The 113-unit Ellison Apartments was developed in a joint venture with Berkshire Residential Investments.
Starwood Sells Denver-Area Community
JLL marketed the 222-unit apartment property in Highlands Ranch, Colo., exclusively on behalf of the seller.
Partially Affordable Community Opens Doors in Chicago
The Concord at Sheridan includes 111 mixed-income units and is the result of a public-private partnership.
The Fifield Cos’ Mark Lecocq Joins CRG
In his new position as senior vice president, Lecocq will lead capital market efforts for mixed-use and multifamily projects across Chicago.
Keybank Originates $32M in Financing for 2 Columbus Assets
New Life Multifamily Management is the owner of both communities, which total 747 units and are located approximately 13 miles from the city’s downtown.
Opus Names Paul Robertson as Director of Development
Robertson will focus on identifying development opportunities across Illinois, Wisconsin and Michigan. He will be based in Chicago.
Suburban Indianapolis Property Sells for $61M
A BHI Senior Living affiliate acquired the community through a bankruptcy sale process. Cushman & Wakefield’s Allen McMurtry, David Kliewer and Paul Carr assisted the seller.