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.

Multifamily N Illinois
Left to right: Robin Snyderman, Katrina Van Valkenburgh and Thurman “Tony” Smith.

HOW hosts discussion on engaging affordable housing

On October 17th, Housing Opportunities for Women (HOW) hosted Building Opportunities, a panel discussion with four experts, representing diverse and intersecting fields, in conversation about what works and what is next in affordable housing development. The luncheon, held at the Ivy Room at Tree Studios, also coincided with the completion of HOW’s first ground-up new construction affordable housing development (16 units in Evanston, Illinois) which will open its doors to new residents by the end of the month.

Multifamily L Iowa
Berkadia sells four-property apartment portfolio in Iowa

Berkadia sells four-property apartment portfolio in Iowa

Berkadia closed the combined sale of a portfolio of four multifamily properties in Davenport, Iowa. Director Parker Stewart and Senior Managing Director Alex Blagojevich of Berkadia’s Chicago office, along with Senior Director Michael Sullivan of Berkadia’s Kansas City office, together completed the sale on behalf of the seller, Iowa-based Advance Homes, Inc.

Multifamily N Illinois
2019 CAMME Awards celebrate Chicagoland apartment industry excellence

2019 CAMME Awards celebrate Chicagoland apartment industry excellence

The 2019 Chicagoland Apartment Marketing and Management Excellence (CAMME) Awards celebrated 52 winners at its 26th annual gala Friday evening, October 18, at the Chicago Marriott Downtown Magnificent Mile. More than 1,100 industry professionals attend the Chicagoland Apartment Association’s prestigious CAMME awards each year to honor the excellence of Chicagoland’s multifamily housing industry.

Multifamily N Illinois
Interra Realty brokers sale of multifamily property in West Suburban Chicago

Interra Realty brokers sale of multifamily property in West Suburban Chicago

Interra Realty brokered the sale of 1917-23 S. Grove Avenue, a four-story, 34-unit building in Berwyn, Illinois, a western suburb of Chicago. Interra managing partner, Pat Kennelly, and director, Paul Waterloo, represented both the seller, Riverside-based Property Rental Inc., and the buyer, BAM 1917 Grove LLC, which plans to undertake a $1 million gut rehab of the building.

Multifamily W Minnesota
Stahl to tackle remodeling work at minneapolis' The Carlyle

Stahl to tackle remodeling work at minneapolis' The Carlyle

Stahl was selected as a partner to remodel finishes throughout The Carlyle in Minneapolis, a luxury residence. Located on the Mississippi riverfront in Minneapolis’ historic Mill District, Stahl will renovate the first- and fifth-floor common areas including the lobby, build a new club room and yoga room on the fifth floor and install new finishes on all residence floors in the 39-story building.