Multifamily W Minnesota
Timberland celebrates grand-opening of Elevate in Minnesota

Timberland celebrates grand-opening of Elevate in Minnesota

Timberland Partners, a privately-owned real estate investment, development and management firm, celebrated the grand opening of Elevate at Southwest Station Apartments in Eden Prairie, Minnesota. Elevate features 222 upscale 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 i Ohio
NKF sells three-property apartment porftolio in Ohio

NKF sells three-property apartment porftolio in Ohio

NKF Multifamily Capital Markets recently closed the $43.6 million sale and $34.8 million Freddie Mac financing for repeat NKF/Freddie Mac Sponsor AndMark Investment Fund. The sale of the three-property, garden-style apartment portfolio in Columbus, Ohio, comprised of 550 units, was led by NKF’s Executive Managing Director George Skaff, and the fixed acquisition financing was led by NKF’s Houston, Texas-based Executive Managing Director Purvesh Gosalia.

Multifamily N Illinois
CBRE negotiates sale of 364-unit SkyRidge Club Apartments in Crystal Lake

CBRE negotiates sale of 364-unit SkyRidge Club Apartments in Crystal Lake

CBRE recently represented Strategic Sky Ridge LLC in the sale of Skyridge Club Apartments, a 364-unit multifamily property at 1395 Skyridge Drive in Crystal Lake, Illinois to Chern Skyridge LLC. John Jaeger, Dan Cohen and Justin Puppi of CBRE represented Strategic Sky Ridge, an affiliate of Strategic Properties of North America with offices in Chicago and Lakewood, New Jersey.

Multifamily N Illinois
33 Realty brokers deconversion sale in Gurnee

33 Realty brokers deconversion sale in Gurnee

33 Realty has brokered the $18,500,000 deconversion sale of 198 condo units at Deer Creek at 1600, 1700 and 1800 Wedgewood Drive in Gurnee, Illinois. Consisting of three 66-unit buildings situated on 33 acres, Deer Creek was built in 1983 and converted to condos in 2007. This is the largest condo deconversion sale in Lake County to date. Sean Connelly and John Meyer of 33 Realty represented both parties in the sale.

Multifamily N Illinois
Glen Ellyn mixed-use project clears lawsuit

Glen Ellyn mixed-use project clears lawsuit

A DuPage County judge has granted multiple motions to dismiss a lawsuit brought by Schoub Properties and Citizens for Glen Ellyn Preservation seeking to halt the development of Apex 400, a mixed-use development to be located at the northwest corner of Main Street and Hillside Avenue in Glen Ellyn, Illinois’ CBD.