Multifamily X Missouri
Wisteria Court Apartments

Raj Tut: From one mobile home deal to more than 500 units

Raj Tut started O’Fallon, Illinois-based Gateway Multifamily Group in 2013 to invest in multifamily properties throughout the St. Louis area. When Tut started the firm, Gateway’s portfolio was limited to a single mobile home. Today, Gateway owns more than 500 units — about half multifamily and half self-storage, with a small bit of retail —  across the St. Louis market. Midwest Real Estate News recently spoke with Tut about his passion for multifamily and the growth that his company has enjoyed.

Multifamily N Illinois
CRG unveils its Bucktown development, A.M. 1980

CRG unveils its Bucktown development, A.M. 1980

CRG is developing A.M. 1980, a multifamily rental building at the intersection of Milwaukee and Armitage Avenues in Chicago's Bucktown neighborhood. Located at 1980 N. Milwaukee Avenue, just south of Logan Square, the new building will be 110,000 square feet with approximately 132 units and 16 parking spaces.

Multifamily N Illinois
A skybridge will connect the two buildings that make up Logan’s Crossing, a residential mixed-use project anticipated to open in late 2019. A small-format Target will be the development’s flagship tenant.

Rental-retail mixed-use breaks ground in Chicago's Logan Square

Chicago-based co-developers Fifield Realty Corp., the development arm of Fifield Cos., and Terraco Real Estate broke ground last week on Logan’s Crossing, a mixed-use project at 2500 N. Milwaukee Avenue in Chicago’s Logan Square neighborhood. The rental and retail development will include 220 apartments and feature 62,000 square feet of retail, including a small-format, 27,000-square-foot Target store. Logan’s Crossing will be built on the site of the former Mega Mall indoor flea market, which was demolished in January 2017.

Multifamily N Illinois
Interra Realty brokered the sales of two mixed-use buildings totaling $16.54 million in Chicago’s Edgewater neighborhood. The buildings include the recently constructed 42-unit Broadway Place apartment building, located at 5427-37 N. Broadway Avenue.

Interra Realty brokers two deals totaling $16.5 million

Chicago-based Interra Realty brokered the sale of 44 apartments and three retail spaces in the 5400 block of North Broadway Avenue in Chicago’s Edgewater neighborhood. One buyer purchased the two adjacent mixed-use properties: a modern, four-story building at 5427-37 N. Broadway for $15.8 million, and a vintage three-story building at 5439 N. Broadway for $745,000.

Multifamily N Illinois
Construction underway on River North condo development

Construction underway on River North condo development

Construction and sales are progressing at Chicago-based Belgravia Group’s Three Sixty West, an 11-story condominium development in the city’s River North neighborhood. Located at 360 W. Erie Street, the building will include 38 luxury condominiums in a neighborhood surrounded by trendy art galleries, swanky coffee shops and refined interior design showrooms.

Multifamily i Ohio
One University Circle in Cleveland’s University Circle neighborhood has proven to be a popular destination for renters.

Cleveland's multifamily boom not slowing yet

The Cleveland-area multifamily sector continues to exceed expectations when it comes to vacancies, asking rents and plans for new apartment towers. Best of all? Two of the busier brokers working this market say that the city’s multifamily market isn’t showing any signs of slowing.

Multifamily N Illinois
New construction opportunity in Old Town

New construction opportunity in Old Town

Essex Realty Group has been exclusively engaged to market for sale The Northland at 1550 N. Wieland in Chicago. The 61-unit mixed-use property in the city’s Old Town neighborhood presents a rare opportunity to acquire a large luxury new construction apartment building in the heart of Old Town.

Multifamily N Illinois
CRG to break ground on multifamily project in Chicago's Uptown neighborhood

CRG to break ground on multifamily project in Chicago's Uptown neighborhood

CRG, the real estate development arm of Clayco, is breaking ground to develop a multifamily apartment building in Chicago’s historic Uptown neighborhood at the intersection of Sheridan Road and Wilson Avenue. Located two blocks from the Red Line Wilson stop at 4555 N. Sheridan Road, construction will proceed throughout the next year, with delivery of the building and occupancy planned for July 2019.

Multifamily N Illinois
Berkadia negotiates $5.8M multifamily sale in Schaumburg

Berkadia negotiates $5.8M multifamily sale in Schaumburg

Berkadia facilitated the sale of Hawthorn Estates, located at 1919 Prairie Square in Schaumburg, Illinois. Ralph DePasquale, Alex Blagojevich and Parker Stewart of the Chicago office negotiated the transaction on behalf of Chicago-based seller, Bender Companies. An affiliate of Elmhurst, Illinois-based Lawton Realty Group, Inc. purchased the multifamily property for $5,798,000.

Multifamily N Illinois
The 45-story, 492-unit 727 West Madison will be Chicago’s tallest building west of the Kennedy Expressway.

F&F Realty, Fifield Realty top off 727 West Madison

Earlier this month, F&F Realty Ltd. and Fifield Realty Corp. celebrated the topping off for 727 West Madison, a new 45-story, 492-unit luxury rental tower in Chicago’s West Loop neighborhood. At just under 500 feet, the elliptical-shaped glass high-rise, designed by FitzGerald Associates Architects with Lendlease as general contractor, will be the tallest building west of the Kennedy Expressway upon its completion.

Multifamily N Illinois
Southport Gateway Apartments closer to delivery with pre-leasing

Southport Gateway Apartments closer to delivery with pre-leasing

Chicago-based Spaces Real Estate announced that pre-leasing is underway at Southport Gateway, an upscale transit-oriented rental development at 3334 N. Southport Avenue, along Chicago’s Southport Corridor. Located at the corner of Southport Avenue and Henderson Street, one block south of the Southport CTA station, the four-story building features nine units and three different floor plans. First move-ins are scheduled for August 1.