News - Midwest

  • JV Breaks Ground on Upscale Dayton-Area Apartments

    Mills Development and Hills Properties began work on a 312-unit community adjacent to Cross Pointe Shopping Center in Centerville, Ohio. The project will be known as Allure Luxury Apartments.

    21 September 2017 14:10
  • Arbor Realty Appoints New VP

    Sam Gold will be in charge of Freddie Mac SBL, Fannie Mae and FHA loan originations for clients in the Midwest. He will be based in the company’s Chicago office.

    21 September 2017 09:06
  • How Mission Lenders Fueled Motor City’s Comeback

    After the housing crash, Detroit’s revival was powered by mission lenders. Nearly 42 percent of investment in Detroit real estate was possible with financing from such alternative financing organizations. Urban Institute’s Brett Theodos filled MHN in on mission lending and its opportunities for expansion.

    19 September 2017 20:15
  • JV Secures $130M Senior Loan for Minneapolis Condos

    Provident Real Estate Ventures and Shamrock Properties Inc. will develop The Legacy, a 374‐unit property that will include an eight‐story podium with a 14‐story and a 17‐story tower, along with three levels of subterranean parking.

    19 September 2017 18:16
  • IRET Buys in Hot Twin Cities Market

    The company acquired the 500-unit Park Place in Plymouth, Minn., for $92.3 million. The community consists of four apartment buildings and is currently more than 95 percent occupied.

    18 September 2017 17:49
  • Capital One Refinances Illinois Nursing Facility

    The $21.5 million fixed-rate HUD loan will be used to refinance Avantara Long Grove, a senior nursing facility in Long Grove, Ill.

    14 September 2017 15:15
  • 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
  • All Eyes on Core in Cleveland

    The city's market is growing slowly, particularly in submarkets outside the urban core that still face difficulties stemming from the last downturn.

    08 September 2017 16:28
  • Civitas, Guttman to Develop Ohio Senior Housing

    The Grand of Sugarcreek in Dayton will offer 220 independent-living, assisted-living and memory-care units. Construction is slated to start in the first quarter of 2018.

    08 September 2017 14:01
  • EdR Goes Into The Woods at Northern Michigan U

    Scheduled for completion in 2018, the $75.4 million public-private partnership will create 1,229 beds on the Upper Peninsula campus.

    05 September 2017 22:29
  • U of Kansas Boosts Student Housing Capacity

    The four-building project will offer 1,238 beds serving the University of Kansas. This marks the company’s largest project and the first one in Kansas.

    05 September 2017 16:28
  • Transwestern Brokers Denver Community Deal

    Jeff Sanders acquired the two apartment communities totaling 429 units for $30.9 million. They were built between the 1960s and 1970s and are located in improving areas close to downtown Denver.

    05 September 2017 12:19
  • 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
  • Construction Begins on Cleveland Affordable Housing

    Detroit Shoreway Community Development Organization is starting work on Aspen Place, a development in the Cleveland EcoVillage. The company plans to achieve a near-50 percent reduction in energy demand compared to minimum requirements.

    30 August 2017 08:26