Multifamily N Illinois
Opus wraps up luxury multifamily development in Des Plaines

Opus wraps up luxury multifamily development in Des Plaines

The Opus Group completed work on Ellison Apartments, a luxury, multifamily, market rate development in Des Plaines, Illinois near O’Hare’s office and industrial submarkets. Ellison Apartments is the first new luxury apartment building in downtown Des Plaines in several years and brings an attractive offering for renters in the growing city. The development is a joint venture with Berkshire Residential Investments.

Multifamily N Illinois
33 Realty brokers sale of Chicago Ridge apartments

33 Realty brokers sale of Chicago Ridge apartments

33 Realty has brokered the sale of 42 units in Chicago Ridge, Illinois at 9700 S. Nottingham Avenue for $2,450,000. Consisting of two buildings on 1.1 acres with parking for 78 vehicles, the property was built in 1975 and has recently renovated common areas, a new fire safety system and is near public transportation and I-294.

Multifamily N Illinois
CBRE negotiates sale of 206-unit River Run Apartments in Naperville

CBRE negotiates sale of 206-unit River Run Apartments in Naperville

CBRE recently represented the seller, a joint venture between the Marquette Companies and an affiliate of global real estate investment management firm Heitman, in the sale of River Run at Naperville Apartments, a 206-unit multifamily property at 1015 Preserve Avenue in Naperville, Illinois. The property sold to Bridge Capital Partners and Friedkin Property Group for an undisclosed amount.

Multifamily W Minnesota
Timberland Partners' Southwest Station apartments open in Twin Cities area

Timberland Partners' Southwest Station apartments open in Twin Cities area

Timberland Partners, a privately-owned real estate investment, development and management firm, has announced that Elevate at Southwest Station Apartments in Eden Prairie, Minnesota, is now open. Elevate features 222 studio, one-, two-bedroom and penthouse apartments located steps from the SouthWest Station Metro Transit Center and the planned SouthWest Station LRT stop for the Green Line extension.

Multifamily N Illinois
Eric Bell;Marcus & Millichap

Marcus & Millichap promotes Bell to executive director of national multi-housing group

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has promoted Eric Bell to executive director with the firm's national multi-housing group (NMHG), its multifamily service line. With the promotion, Bell becomes one of only 21 active agents in the company nationwide to achieve the rank, and the only active executive director in the firm's Chicagoland offices.