More than 200 results for “Affordable Housing”
CRE Midwest

Getting knocked down, then getting up again: It's how new brokers succeed

| Dan Rafter

Brokers are attracted to commercial real estate because of the freedom: The only factor limiting your success? How hard you work. But for brokers new to the industry, those first few years in commercial brokerage can prove challenging. This isn’t a salaried job. It’s all about commissions. How do you earn those commissions when you’re just …

Hospitality N Illinois

Red Roof expands The Red Collection with Springfield hotel

State House Inn, the second property and first franchised property in The Red Collection, Red Roof’s first soft-brand, has opened in Illinois’ capital city, Springfield. Located in the heart of downtown, the property features 125 guest rooms and has undergone a full renovation. The property is owned by Vendian Capital Management and managed…

Multifamily N Illinois

Construction begins on Albany Park affordable housing project

Evergreen Real Estate Group, in partnership with the Chicago Housing Authority, announced the start of construction on Oso Apartments, a 48-unit affordable rental community at 3435 W. Montrose Avenue in Chicago’s Albany Park neighborhood. Evergreen and CHA representatives joined 35th Ward Alderman Carlos Ramirez-Rosa, officials from the Ill…

Multifamily N Illinois

Avanth acquires two affordable multifamily properties for $72M

Avanath Capital Management, LLC has acquired two affordable multifamily properties totaling 668 units in the Chicago metro through an institutional fund, Avanath Affordable Housing III, for a combined total of $72.2 million. The properties include the 582-unit Hinsdale Lake Terrace in Willowbrook, Illinois and the 86-unit Drexel Court in Ch…

CRE N Illinois

Theaster Gates honored by ULI for work in urban development

Internationally acclaimed artist and urban planner Theaster Gates, whose rise to prominence began with his use of art and culture to revive underserved neighborhoods in his hometown of Chicago, has been named the 2018 recipient of the Urban Land Institute’s (ULI) J.C. Nichols Prize for Visionaries in Urban Development.

CRE N Illinois

Bailey Edward expands with three new hires

Chicago-based architecture firm Bailey Edward expanded its staff with the addition of three new employees in the Chicago and Champaign offices. David Kennedy, AIA, Matthew Lyons and Meghna Majethiya all recently joined the firm.

Finance i Ohio

Greystone adds financing vet to Cleveland office

Greystone continued to expand its affordable housing finance division with the hire of Brian Jones as a managing director. Based in Greystone’s Cleveland, Ohio, office, Jones has more than 20 years of finance experience, particularly in affordable and seniors housing financing across local and national markets.

CRE N Illinois

CRE Future Leaders: Christine Kolb

As part of our series, CRE Future Leaders, we caught up with Christine Kolb associate vice president, development at Focus. Kolb joined Focus in 2013. Her first project was to manage development and design of a 239-unit, class-A luxury apartment project in Glenview, Illinois. She also represents Focus as a member of the Chicago Metropolitan…

CRE N Illinois

The long game: How to tap the experience of your property managers

| Matt Baker

Communication between departments is important for any business, and this is no different for real estate firms. That’s why it’s important to involve the property management team early and often on a project. From acquisition to offer to development, operations can have a lot of important input before being handed the keys to a property.

Finance N Illinois

National Equity Fund taps Yianni Vitellas for key role

National Equity Fund (NEF), a Chicago-based syndicator of the low-income housing tax credits (LIHTC) program, recently hired Yianni Vitellas as vice president and relationship manager in its investor relations group. Vitellas will report to Reena Bramblett, who was recently promoted to senior vice president of equity placement.

CRE N Illinois

Applications open for 25th annual Chicago Neighborhood Development Awards

Applications are now being accepted for the 25th annual Chicago Neighborhood Development Awards (CNDA), as well as the as well as The Richard H. Driehaus Foundation Awards for Architectural Excellence in Community Design. Organized by Local Initiatives Support Corporation (LISC) Chicago, the awards recognize outstanding achievement in neigh…

Multifamily N Illinois

KTGY unveils “Re-Habit” concept for transitional housing

As brick-and-mortar stores contend with e-commerce and once-stable malls begin to falter, many wonder what can be done with all of this legacy retail space. The KTGY Architecture + Planning concept, Re-Habit, would repurpose obsolete big-box stores into smaller retail spaces, housing, employment and support for homeless individuals.