Multifamily X Missouri
Industrial, multifamily sectors showing strength across the Midwest

Industrial, multifamily sectors showing strength across the Midwest

It’s becoming common knowledge: In the Midwest, industrial and multifamily remain the hot commercial real estate sectors. New apartment buildings are rising in downtowns from Detroit to Minneapolis to Cleveland. And companies continue to push for more warehouse and distribution space across the Midwest as a way to deliver their products to their customers as quickly as they can.

Multifamily N Illinois
The Maynard, 4875 N. Magnolia Avenue in Chicago’s Uptown neighborhood.

Kiser Group brokers $9M transaction of micro-unit property in Uptown neighborhood

Chicago-based mid-market multifamily brokerage firm Kiser Group recently closed a $9 million deal for The Maynard in Chicago’s Uptown neighborhood. Becovic Management purchased the 74-unit property at 4875 N. Magnolia Avenue from CLK Properties. The transaction was brokered by Kiser Group’s Broker Rick Ofman in partnership with principal and managing broker Lee Kiser.

Multifamily N Illinois
Vermilion Development begins condo sales in Wicker Park

Vermilion Development begins condo sales in Wicker Park

Vermilion Development will begin sales for Alcove M.D.P., its newest condominium and townhome development in Chicago. Located at 1648-1650 Division Street and adjacent to a new mixed-use rental development, Alcove M.D.P. will bring 43 condominiums and 12 townhomes to the heart of Wicker Park. Named for its coveted location between Milwaukee (M), Division (D) and Paulina (P), Alcove M.D.P. will begin pre-sales in early April with deliveries slated for late 2019.

Multifamily N Illinois
Elevate Lincoln Park opens up to pre-leasing

Elevate Lincoln Park opens up to pre-leasing

Baker Development Corporation has announced the start of pre-leasing at ELEVATE Lincoln Park, an 11-story, mixed-use development that will bring 191 luxury apartments and 16,000 square feet of street-level retail to the heart of Chicago’s Lincoln Park neighborhood. Luxury Living Chicago Realty is serving as the exclusive leasing brokerage for the community, at 930 W. Altgeld Street, which is welcoming its first residents this month.