87 results for “Uptown”
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

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…