Multifamily N Illinois
Construction begins on luxury mixed-use project in Skokie

Construction begins on luxury mixed-use project in Skokie

Construction is underway on 8000 North, a 12-story, 318,000-square-foot building on the northwest corner of Lincoln Avenue and Oakton Street in Skokie, Illinois. Designed by Lucien Lagrange Studio, the mixed-use development will revitalize the Chicago suburb’s downtown with the addition of 15,000 square feet of new retail space and 153 high-end apartments.

Multifamily N Illinois
Redwood Capital Group acquires 231-unit luxury apartment complex in Orland Park

Redwood Capital Group acquires 231-unit luxury apartment complex in Orland Park

Redwood Capital Group, LLC, a Chicago-based multifamily investment firm, has acquired The Residences of Orland Park Crossing, a 231-unit apartment complex in Orland Park, Illinois. The property was constructed in 2016 and the seller is REVA Development Partners, a Chicago-based real estate developer specializing in high-quality rentals, for-sale housing and mixed-use projects throughout the Midwest.

Multifamily N Illinois
Former Salvation Army center will undergo $49M transformation into multifamily project The Duncan

Former Salvation Army center will undergo $49M transformation into multifamily project The Duncan

Berkadia announced the $49 million financing for The Duncan, a redevelopment of the former Salvation Army Freedom Center at 1515 W. Monroe Street into a 260-unit FLATS apartment complex with ground floor retail. Director Michael Slovitt of the Chicago office secured the non-recourse renovation loan on behalf of the Chicago apartment developer CEDARst Companies through Granite Point Mortgage Trust. The deal closed October 11.

Multifamily N Illinois
More than 150 people attended the inaugural Deconstructing Deconversion conference on October 18.

Deconstructing deconversion

Condo deconversion is a undeniable trend in Chicago. That’s why over 150 people came out to the Montgomery Club on October 18, 2018 to hear expert speakers discuss the ins and outs of this often complex, often lucrative real estate practice at the first annual Deconstructing Deconversion conference.

Multifamily N Illinois
New Lakeshore East development cleared to go forward

New Lakeshore East development cleared to go forward

The developers behind an expansion in Chicago’s Lakeshore East development won approval from the Chicago Plan Commission last night for two projects comprising four news buildings. The projects by Lendlease and Magellan Development will add 2,340 residential units, 570 hotel rooms and 44,000 square feet of retail space to the East Loop neighborhood.