Ansley Commons

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    Greg Ward, CIO at Atlantic|Pacific Real Estate Cos., revealed the company’s plans for its second multifamily investment fund with Blue Arch Advisors and the challenges they face in the multifamily market.

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    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.

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    The redevelopment plan by the firm's subsidiary Tribune Real Estate Holdings calls for the conversion of 37 acres of underused industrial land into a dynamic neighborhood that could accommodate 19,000 jobs and 5,900 residential units.

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