Multifamily N Illinois
Photo courtesy of Luxury Living Chicago Realty

First look inside Wolf Point East

The first residents have taken residency at Wolf Point East, the 698-unit luxury apartment building going up at the confluence of the Chicago River. The project is a development of Hines, Wolf Point Owners LLC and the AFL-CIO Building Investment Trust.

Multifamily N Illinois
Illinois' largest condo deconversion by units trades in Des Plaines

Illinois' largest condo deconversion by units trades in Des Plaines

New Jersey-based CLK, LLC has acquired the 154-building, 924-unit Heritage Village Pointe condominium complex in Des Plaines, Illinois and will orchestrate the largest condominium deconversion program in the state of Illinois. Cagan’s Realty, an affiliate of Cagan Property Management, represented CLK in the transaction and worked closely and diligently with the condo association and individual owners to secure the $94 million transaction.

Multifamily Midwest
Capital One's Reynolds: 2020 set to be another big year for multifamily

Capital One's Reynolds: 2020 set to be another big year for multifamily

As senior vice president on Capital One’s Commercial Real Estate Finance team based in Chicago, Tom Reynolds understands the Midwest’s multifamily market. After all, Capital One fields plenty of financing requests for multifamily transactions. That’s why Midwest Real Estate News recently spoke with Reynolds about the state of the apartment sector in 2020 and what the future might hold for this still-booming asset class.

Multifamily V Michigan
Ravines of Plymouth

CBRE closes $15 million of loans for Michigan multifamily properties

CBRE provided two Fannie Mae DUS conventional loans in the amount of $15.957 million to finance the acquisition of two multifamily properties in Michigan. The loans were obtained by Michael Duggan, Brian Robertson, and Sam Orman of CBRE Capital Markets’ Debt & Structured Finance Team and David Carey of Emerald Isle Investment Partners on behalf of their client, VennPoint Real Estate.

Multifamily N Illinois
Kyle Sissell;Kiser Group

Kiser Group expands scope to northwest Indiana

Kiser Group announced that Kyle Sissell joined the team as broker, and Justin Turner has been promoted from analyst to senior associate. Sissell joins Kiser Group after working as a multifamily broker for a large national firm. He is focusing his efforts throughout Lake County and Porter County in Indiana.

Multifamily O Indiana
CBRE sells 400-unit apartment property near Indianapolis

CBRE sells 400-unit apartment property near Indianapolis

CBRE has arranged the sale of Waterside at Castleton, a 400-unit property on the northeast side of Indianapolis. Steve LaMotte, Jr., Executive Vice President, and Dane Wilson, Senior Vice President, in CBRE’s Indianapolis office represented the seller, Wilkinson Corporation and their partner BRT Apartments Corp., a publicly traded REIT.

Multifamily N Illinois
AIA sells 40-unit apartment building near Loyola University

AIA sells 40-unit apartment building near Loyola University

Apartment Investment Advisers (AIA) announced the recent sale of a 40-unit apartment building located at 6565 N. Lakewood, near Loyola University in the Rogers Park neighborhood of Chicago. The seller was a private investor out of New York, and the buyer was Fairchild Acquisitions, LLC, a local real estate development and management company. The property sold for $6,650,000 or $166,250 per unit.