Multifamily N Illinois
Fulton Market loft apartments sell for $40 million

Fulton Market loft apartments sell for $40 million

Cushman & Wakefield’s Midwest multifamily advisory group has brokered the $40,150,000 sale of 13thirteen Randolph Street Lofts, a 74-unit mixed-use property at the southwest corner of Randolph and Elizabeth streets in the West Loop’s Fulton Market District. The per-unit price is one of the highest paid so far this year in Fulton Market, according to CoStar data.

Multifamily i Ohio
Berkadia closes $67 million loan for Cleveland apartment community

Berkadia closes $67 million loan for Cleveland apartment community

Berkadia closed $67.56 million in secured financing for Centric Apartments, a multifamily property with more than 28,000 square feet of commercial space in the University Circle neighborhood of Cleveland, Ohio. Director Dan Geuther of Berkadia’s Cleveland office secured the permanent refinancing through Freddie Mac on behalf of Ohio-based Midwest Development Partners.