Multifamily N Illinois 33 Realty brokers multifamily sale in Uptown 33 Realty recently brokered the $1,975,000 sale of a multifamily property located in Chicago’s Uptown neighborhood.
Retail V Michigan Gerdom taking on leasing duties at Ann Arbor mixed-use development Gerdom Realty & Investments is handling the leasing duties for Uptown Ann Arbor, a high-end mixed-use development in Ann Arbor, Michigan.
Hospitality V Michigan Hilton Garden Inn coming to downtown Flint A new Hilton Garden Inn will soon be opening in downtown Flint, Michigan. The hotel is occupying the former Genesee County Savings Bank building at 110 W. Kearsley St.
Multifamily N Illinois Kiser Group closes sale of 11-property multifamily portfolio in Rogers Park Kiser Group has successfully brokered the sale of an 11-building Rogers Park portfolio for $28.5 million. Lee Street Management, which had assembled the properties over two decades, sold the portfolio to Becovic Properties; the firm’s property management arm, Becovic Management Group, will manage the buildings.
Finance N Illinois Lodge Financial closes $12.5 million in financing for Chicago deconversion Lodge Financial successfully secured long term financing on a 64-unit condo deconversion with 64 different sellers. The $12,500,000 purchase price was supported by a loan of $8,225,000 with 65 percent of stabilized value. The borrowers inherited the building at the time of closing with over 30 percent of the units being vacated by existing owners.
Multifamily N Illinois Kiser Group brokers 64-unit condo deconversion in Uptown for $12.5 million Kiser Group recently brokered Dover Court Condominiums in Chicago for $12.5 million in a Section 15 deconversion sale. The buyer, Neriel Lagoon LLC, acquired the property and will convert all of the units to apartments. The deal was facilitated by Kiser Group’s Rick Ofman and Andy Friedman.
CRE N Illinois Skender breaks ground on new women's shelter on Chicago's North Side Skender has broken ground on a new, 42,000-square-foot supportive housing facility in Chicago’s Uptown neighborhood for Sarah’s Circle. Perkins+Will designed the project and Brinshore Development is representing ownership on the property, which is slated to deliver by fall 2020.
Multifamily N Illinois Avanath pays $55 million for affordable housing portfolio Avanath Capital Management, a private real estate investment manager and Registered Investment Adviser, has purchased three affordable housing communities with a combined 317 units in Chicago and Maryland. The assets, which bring the company’s total holdings in Chicago to 1,063 units, were acquired for a total of $55.05 million.
Multifamily N Illinois Kiser Group seeking $36 million for Lakeview condo deconversion A 115-unit condo deconversion, being marketed as Barry Quad, has been listed for sale by Chicago-based multifamily brokerage firm Kiser Group. The condo deconversion consists of three buildings and is being offered at $36,000,000. Listing agents for the assignment are Kiser Group’s Andy Friedman and Jake Parker.
Multifamily N Illinois Upshore Chapter nears completion in Chicago's Uptown Upshore Chapter, a 149-unit apartment building in Chicago’s historic Uptown neighborhood, is nearing completion. Developed by CRG, the twelve-story glass tower at 4555 N. Sheridan Road will welcome first move-ins next month.
Multifamily N Illinois Chicago's condo and rental markets: A mid-year check-up As the Chicago area continues to create high-paying white-collar jobs, the demand for housing has kept up. How has the multifamily sector performed during the first half of 2019, and does the outlook for the rest of the year suggest that developers and brokers will be busy?
Multifamily N Illinois 33 Realty brokers $7M deconversion sale of 49-unit property in Uptown Chicago-based commercial real estate firm 33 Realty recently brokered the $7,000,000 sale of a 49-unit condo building located at 918 W. Winona Street in Chicago. The out-of-town buyer presented the association with an all-cash offer at asking price.
CRE N Illinois Englewood Construction tapped for Fulton Market, Uptown projects Englewood Construction has been named general contractor for two Chicago-area projects: the conversion of a former meatpacking building in Chicago’s Fulton Market neighborhood for future commercial use, and the construction of a new 6,000-square-foot retail building in Chicago’s Uptown neighborhood.
Retail N Illinois Mixed-use Uptown building sells for $1 million Marcus & Millichap completed the sale of a 6,000-square foot, mixed-use property located in Chicago, according to David G. Bradley, regional manager of the firm’s Chicago Downtown office. The asset sold for $1,010,000.
Multifamily N Illinois CEDARst Companies closes on new property at Broadway and Foster in Chicago A new TOD development in Edgewater is about to take shape at 1137 W. Foster Avenue. CEDARst Companies will invest nearly $8 million to develop a new multifamily property on the 10,500-square-foot lot at the southeast corner of Broadway and Foster.
Multifamily N Illinois Vintage multifamily property sells in Chicago's Uptown for $5.75 million Essex Realty Group, Inc. has brokered the sale of 4400 N. Magnolia Avenue, a vintage, 36-unit, corner walk-up apartment building at the intersection of Magnolia and Montrose in the Sheridan Park submarket of the Uptown neighborhood in Chicago.
Multifamily N Illinois Mixed-use Uptown development receives financing CEDARst Companies has secured financing for The Draper at 5050 N. Broadway, a mixed-use development project in Chicago’s Uptown neighborhood. The recent closing allows CEDARst to complete the first of two planned phases on the development. Total project costs for Phase I are estimated at $115,450,000; CEDARst raised $41 million of project equity.
Finance W Minnesota CBRE team closes more than $52 million in financing in November Joel Torborg and Ben Bastian of CBRE Minneapolis’s Debt and Structure Finance team arranged more than $52.3 million in SBL financing across 22 properties with 672 units in the month of November. Included within that total were two large multifamily portfolios in the popular Uptown and Eat Street neighborhoods of Minneapolis.
Multifamily N Illinois Uptown multifamily property sells at $2.3M SVN Chicago Commercial senior vice president Jeff Baasch has completed the sale of a 12-unit multifamily building at 830-32 W. Leland Avenue in Chicago’s Uptown neighborhood. The asset sold for $2,350,000 or $196,000 per unit. Jeff Baasch represented the seller. The property was a condo-quality apartment building that was 100 percent occupi…
Multifamily N Illinois Monarch Realty Partners conducts several multifamily deals in the Chicago MSA Monarch Realty Partners has recently completed several Chicago-area multifamily transactions totaling more than $15 million, according to Bill Baumann, managing broker and principal at the Chicago-based real estate brokerage company. The transactions were located in suburban Evanston as well as the Bucktown, Rogers Park and Uptown neighborh…