Multifamily N Illinois
CBRE negotiates sale of 206-unit River Run Apartments in Naperville

CBRE negotiates sale of 206-unit River Run Apartments in Naperville

CBRE recently represented the seller, a joint venture between the Marquette Companies and an affiliate of global real estate investment management firm Heitman, in the sale of River Run at Naperville Apartments, a 206-unit multifamily property at 1015 Preserve Avenue in Naperville, Illinois. The property sold to Bridge Capital Partners and Friedkin Property Group for an undisclosed amount.

Multifamily W Minnesota
Timberland Partners' Southwest Station apartments open in Twin Cities area

Timberland Partners' Southwest Station apartments open in Twin Cities area

Timberland Partners, a privately-owned real estate investment, development and management firm, has announced that Elevate at Southwest Station Apartments in Eden Prairie, Minnesota, is now open. Elevate features 222 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 N Illinois
Eric Bell;Marcus & Millichap

Marcus & Millichap promotes Bell to executive director of national multi-housing group

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has promoted Eric Bell to executive director with the firm's national multi-housing group (NMHG), its multifamily service line. With the promotion, Bell becomes one of only 21 active agents in the company nationwide to achieve the rank, and the only active executive director in the firm's Chicagoland offices.

Multifamily N Illinois
SVN brokers East Village multifamily sale for $1.3M

SVN brokers East Village multifamily sale for $1.3M

A four-unit multifamily building which featured recent gut renovation sold at 1761 W. Augusta Boulevard in Chicago’s East Village neighborhood. SVN Chicago Commercial’s Cawthon-Labriola Group advisors Paul Cawthon and Angelo Labriola were the sole brokers in the transaction. After receiving multiple offers, the property went under contract within days of releasing it to the market. The asset sold for $1,300,000.