Multifamily N Illinois
Berkadia negotiates multifamily sale in Rantoul

Berkadia negotiates multifamily sale in Rantoul

Berkadia, a joint venture of Berkshire Hathaway and Leucadia National Corporation, announced the sale of Falcon Way Townhomes, located at 909 N. Maplewood Drive, Rantoul, IL. Parker Stewart, Ralph DePasquale and Alex Blagojevich of the Chicago office represented the seller, Falcon Way Apartments, LLC of Urbana, IL. An affiliate of Odin Properties purchased Falcon Way Townhomes.

Multifamily N Illinois
5001 S. Drexel Boulevard in Kenwood

Interra Realty brokers seven Chicago-area apartment sales

Interra Realty, a Chicago-based commercial real estate investment services firm, brokered seven multifamily sales totaling approximately $11.4 million. The transactions, which closed between December and January and range from $695,000 to $3.2 million, include properties on both the north and south sides of Chicago, as well as west suburban Cicero.

Multifamily Midwest
NMHC: Developers already planning the apartments of the future

NMHC: Developers already planning the apartments of the future

Officials with the National Multifamily Housing Council know that technology is changing everything. The company points at success stories such as Uber. It’s the largest taxi service on the globe, but the company doesn’t own a single vehicle. It looks, too, at Airbnb, a major player in the hospitality industry that doesn’t own a single property.

Multifamily N Illinois
Terrace 459 at Parkside of Old Town

Federal tax overhaul creates barriers to investment in low income housing

When Congress passed a sweeping rewrite of the federal tax code last December, they left in place the low-income housing tax credit (LIHTC). However, lowering the corporate tax rate from 35 percent to 21 percent might decrease overall investment in affordable housing, according to Ginsberg Jacobs LLC, a Chicago-based law firm that specializes in corporate, finance, litigation, real estate, trusts/estates, tax and tax credits.