Multifamily N Illinois
Chicago luxury high-rise, LINEA, sells to Canadian real estate firm

Chicago luxury high-rise, LINEA, sells to Canadian real estate firm

Holliday Fenoglio Fowler, L.P. (HFF) facilitated the sale of LINEA, a newly constructed, 265-unit, luxury high-rise apartment building located at 215 W. Lake Street in downtown Chicago. The HFF team marketed the property on behalf of the seller, a partnership between LaSalle Investment Management, Inc. and Moceri + Roszak, LLC. Pacific Reach purchased the offering for an undisclosed amount.

Multifamily N Illinois
Martin Avenue Apartments in Naperville, Illinois.

Evergreen Real Estate Group grows national affordable housing portfolio

Chicago-based Evergreen Real Estate Group has been retained to manage nine affordable housing communities comprising a total of 1,071 units across Illinois, Kansas, Ohio and Wisconsin. The assignments include a mix of affordable housing for families, seniors and people with disabilities, expanding Evergreen’s management portfolio to more than 8,500 units throughout the U.S.

Multifamily N Illinois
4544 N. Wolcott, Chicago.

Kiser Group brokers $4.5M Ravenswood portfolio

Kiser Group recently brokered a 36-unit portfolio for $4,500,000. The properties are located at 4855 N. Hermitage, 4544 N. Wolcott and 4616 N. Wolcott in Chicago’s Ravenswood neighborhood. Kiser Group’s Rick Ofman represented the buyer, LakePointe Apartments, and Lee Kiser and Danny Logarakis represented the seller.

Multifamily N Illinois
Sale of River City marks largest ever Chicago deconversion

Sale of River City marks largest ever Chicago deconversion

The River City Condo Association agreed to a bulk sale of all 449 residential units, making River City the largest condominium deconversion in Chicago history. A newly formed joint venture among The Wolcott Group, Marc Realty, Ruttenberg Gordon Investments and funds managed by Elliott Management Corporation purchased River City. The new owner plans to transform the building with a full redesign and renovation of the lobby, common areas, residential units and the retail components of the property.

Multifamily V Michigan
CA Ventures, Cerca Trova propose big mixed-use project for Ann Arbor

CA Ventures, Cerca Trova propose big mixed-use project for Ann Arbor

CA Ventures, a Chicago-based real estate investment company, along with the firm’s joint venture partner, Cerca Trova LLC, a Bloomfield Hills, Mich.-based real estate investment company, has submitted a proposal to the city of Ann Arbor, Michigan, for a mixed-use development at 600 E. Washington St., in the heart of the central business district and steps from the University of Michigan campus.

Multifamily N Illinois
Lexington Village in Chicago’s Avondale neighborhood starts sales

Lexington Village in Chicago’s Avondale neighborhood starts sales

Chicago-based Lexington Homes, which is developing five townhome and single-family rowhome communities throughout Chicagoland, has announced the start of sales at Lexington Village at Avondale, a new maintenance-free community of 22 single-family rowhomes with fenced-in yards and private, detached two-car garages in the burgeoning Avondale neighborhood on Chicago’s Northwest Side.

Multifamily N Illinois
On a mission to ease homelessness

On a mission to ease homelessness

‘Tis the season for giving. With that in mind, Chicago-based multifamily and mixed-use brokerage Monarch Realty Partners has launched a program to align its business and charitable goals, donating to organizations that attend to housing issues in Chicago—the very realm where they work every day.

Multifamily N Illinois
Eight-unit Joliet apartment building sells for $475,000

Eight-unit Joliet apartment building sells for $475,000

Marcus & Millichap announced the sale of an eight-unit apartment property located in Joliet, Illinois, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. The asset sold for $475,000. Adam Fortino, a senior associate in Marcus & Millichap’s Chicago Oak Brook office, represented both the seller and buyer.

Multifamily N Illinois
Evergreen Real Estate completes renovation of affordable housing community

Evergreen Real Estate completes renovation of affordable housing community

Evergreen Real Estate Group has completed renovations on the Steven Michael Carroll House, a 36-unit affordable rental community in Chicago’s Logan Square neighborhood. The four-story building at 1819 N. Humboldt Blvd. is owned and operated by Thresholds, one of the oldest and largest providers of recovery services for persons with mental illnesses and substance use disorders in Illinois.