News - Chicago

  • Chicago’s Woodlawn: A Success Story in the Making

    In the last few years, the long-struggling neighborhood has seen robust construction activity in the housing and retail sectors. Nonprofit developer POAH together with the city of Chicago have initiated a series of affordable housing projects meant to transform the community and trigger other residential, educational and cultural developments.

    13 September 2017 10:55
  • ARA Adds New SVP to Chicago Team

    James Mitchell, who brings with him 30 years of experience in real estate, will be responsible for overseeing the firm’s sales and client relationships.

    11 September 2017 17:25
  • XFD Unveils IL Student Housing Community

    In partnership with Lewis & Clark Real Estate, the company debuted the 428-bed, mixed-use 212 East, located in Champaign, Ill. The community will serve the students of the University of Illinois.

    30 August 2017 16:09
  • Company Spotlight: Kiser Group

    After a strong year, which translated into $144 million in closed transactions, principals Estella and Lee Kiser have decided to focus on company re-branding, culture and staff retention in 2017.

    28 August 2017 13:06
  • Top 10 Apartment Owners in Chicago

    Chicago has a stable market, with more than 8,000 new units scheduled to come online this year. This list highlights the metro’s top private, REIT and institutional owners, based on unit counts, according to Yardi Matrix data.

    25 August 2017 16:23
  • Meridian Capital Secures $23M for Illinois Community

    The equity and bridge financing was obtained on behalf of Odessa Partners and used for the purchase of Stratford Trails, a community in Glendale Heights, Ill. The buyer intends to upgrade the asset.

    25 August 2017 10:45
  • 29SC Acquires 6th Chicago Community

    The asset, Wooded Isle Apartments, is located in Hyde Park, only eight miles from downtown. The community offers 75 units.

    23 August 2017 09:21
  • Coldwell Banker Acquires McMullen Real Estate

    The Chicago-area brokerage firm is the third to join Coldwell Banker in the past three months, following the acquisitions of Groebe Real Estate and Chicagoland Realty Services.

    22 August 2017 15:42
  • Habitat Lands, Assumes Management of Chicago Asset

    The multifamily developer and property manager purchased and assumed property management of Eastwood Garden, an affordable community in the Englewood neighborhood. The company will manage two other properties in the Chicago area.

    21 August 2017 17:40
  • Affordable Senior Community Opens in Richmond, IL

    The 25-unit community offers one- and two-bedroom apartments for $866 and $1,039, respectively, and is Energy Star Certified.

    18 August 2017 19:11
  • Michigan Ave. Tower Scores $150M Refi

    MILA, an upscale 402-unit property in Chicago’s East Loop, was developed by a joint venture led by John Buck Co. Proceeds will refinance the construction loan.

    18 August 2017 10:36
  • Chicago’s Aurélien Ready for Residents

    Ryan Cos. completed the 31-story, 368-unit luxury tower some two years after it broke ground on the high-rise project. The cost of the development reached $100 million.

    02 August 2017 15:05
  • Monument Capital Management Enters Illinois Market

    The Residences at 1550, located in the Chicago suburb of Mount Prospect, include 509 one-, two- and three-bedroom garden- and townhome-style units. The property will be managed by the firm’s sister company, Monument Real Estate Services.

    02 August 2017 13:37
  • Development Boom Tempers Rent Growth in Chicago

    The city has seen costs moderate, in keeping with the nation as a whole, and features a bifurcation between luxury and working-class units.

    27 July 2017 08:41
  • JVM Brings Improvements to IL Property

    The Aventine at Oakhurst North, a 464-unit community in Aurora, Ill., features an entirely renovated clubhouse. Several other interior and exterior upgrades are underway.

    27 July 2017 06:17