Welsh Construction finishes work on Lofts at Mayo Park in Minnesota

February 27, 2017 Multifamily development the Lofts at Mayo Park in Rochester, Minnesota, held a ribbon-cutting ceremony on Feb. 21. The ribbon-cutting marks the opening of the market-rate apartment complex. Read more...

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Dougherty Mortgage closes $6 million loan for refinance of student-housing development near Notre Dame

February 27, 2017 Dougherty Mortgage LLC recently closed a $6.3 million Fannie Mae loan for the refinance of Legacy Village at Notre Dame, a 14-unit market-rate student-housing property in South Bend, Indiana. Read more...

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Pillar’s Wilkins: Apartment, healthcare markets heating up in Detroit

February 27, 2017 Pent-up demand. That force is fueling the rising sales, leasing and construction activity in both the multifamily and healthcare sectors in Detroit and its surrounding communities, said David Wilkins, managing director of loan originations with Bloomfield Hills, Michigan-based commercial lender Pillar Financial. Read more...

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Oppidan’s new senior living facility opens in Minnesota community

February 24, 2017 White Bear Heights Senior Living will open April 3. The three-story, 138,000-square-foot development is located on the northeast corner of Centerville Road and Highway 96 in White Bear Lake, Minnesota. Read more...

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More good news for multifamily brokers, developers: Number of renter-dominated cities keeps growing

February 23, 2017 Here is some good news for brokers and developers working in the multifamily business: In 21 U.S. cities with a population of 100,000 or more, more than 50 percent of the households are made up of renters, And according to research from ABODO, the number of cities that can claim this is only going to grow. Read more...

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Marcus & Millichap names senior vice president of investment in Chicago office

February 17, 2017 Marcus & Millichap has named Kyle Stengle of the firm’s Chicago Downtown office as a senior vice president of investments. Read more...

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Chicago’s KIG adds sales director

February 17, 2017 Chicago multifamily brokerage KIG recently added a new sales director and made a key promotion. Read more...

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Marcus & Millichap: Cleveland’s multifamily market poised for busy 2017

February 17, 2017 The news is simple: People want to live in downtown Cleveland and in the urban neighborhoods surrounding the city's center. And that means that demand for multifamily properties in the city remains high. Read more...

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Senior Living Investment Brokerage sells 140-unit assisted-living community in Tennessee

February 15, 2017 Ryan Saul and Patrick Burke of Senior Living Investment Brokerage recently facilitated the sale of an assisted-living cetner with memory care in Bartlett, Tennessee. Read more...

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Rockwell Partners acquires 305-unit multifamily property in Glendale Heights

February 14, 2017 Rockwell Partners has acquired a portfolio of 305 condominium units at Stonegate Condominiums in Glendale Heights, Illinois, about 30 miles west of Chicago. Read more...

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Owner of Michigan’s SVN Property Investment Avisors wins humanitarian award

February 14, 2017 Robert Pliska, owner and managing director of SVN Property Investment Advisors, LLC in Birmingham, Michigan, was selected as SVN International’s Humanitarian of the Year at the firm’s 30th anniversary annual meeting held at the Grand Hyatt Tampa Bay in Tampa, Florida. Read more...

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CBRE helps close $6.5 million sale of Minneapolis apartment complex

February 13, 2017 CBRE Multifamily has arranged the sale of The Parkway, a 70-unit apartment community in downtown Minneapolis for $6.5 million. Read more...

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Dougherty Mortgage closes $26 million loan for 772-unit apartment building in Indianapolis

February 10, 2017 Dougherty Mortgage LLC recently closed a $26.6 million Fannie Mae loan for the acquisition financing of Coppertree Apartments, a 772-unit market-rate multifamily apartment property in Indianapolis. Read more...

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Walker & Dunlop provides $11 million in refinancing funds for portfolio of six apartment buildings in Wisconsin

February 09, 2017 Walker & Dunlop structured an $11.7 million refinance loan for the Supreme Apartment Portfolio, six Class-B, garden-style multifamily properties in Wisconsin. Walker & Dunlop provided the loan for Supreme Builders. Read more...

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Numbers from Real Capital Markets prove one thing: CRE had a boom year in 2016

February 09, 2017 How strong a year was 2016 for commercial real estate? The numbers from Real Capital Markets, a global marketplace for buying and selling commercial real estate, say that last year was a record-breaker for the industry. Read more...

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The Opus Group wraps construction of 784-bed dorm at Iowa State University

February 06, 2017 The Opus Group recently completed construction of Geoffroy Hall, a 193,000–square-foot residence hall on the Iowa State University campus in Ames, Iowa. The eight-story, 784-bed building was built to meet increased demand for on-campus housing and represents the first new residence hall at ISU in more than a decade. Read more...

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ABODO study: Apartment rents falling across the Midwest since start of year

February 06, 2017 Apartment rents have taken a dip in two of Ohio's largest cities this February, according to the latest national apartment report from ABODO. Read more...

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Downtown master plan, luxury apartment tower a step closer to reality in Clayton

February 06, 2017 The downtown master plan for Clayton, Missouri, is closer to becoming a reality thanks to a new parking lot development and a redevelopment effort by the City of Clayton. Read more...

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Apartment rents becoming less affordable – but at a slower pace

February 03, 2017 Apartment rents are becoming less affordable to a growing number of U.S. renters. But if you're looking for signs of hope? The percentage of renters who are spending too much on apartment rents is at least growing at a slower rate. That's the takeaway from the latest report on rental rates published by AppFolio. Read more...

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NorthMarq Capital closes $4.7 million refinance of 160-unit apartment complex in Kentucky

February 02, 2017 Susan Branscome, senior vice president and managing director of NorthMarq Capital's Cincinnati-based regional office, finalized the $4.775 million refinance of Parkside Apartments in Warsaw, Kentucky. Read more...

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