Multifamily W Minnesota
McGough building 402-unit apartment project near Minneapolis

McGough building 402-unit apartment project near Minneapolis

McGough has started construction on its latest development project, The Fenley, a 402-unit multi-family complex at Bloomington Central Station in Bloomington, Minnesota. The high-end apartment project is the third multi-family development on the company’s 50-acre master planned site, which has sought to revitalize and create a new mixed-use community in Bloomington’s previously underutilized South Loop District.

Multifamily N Illinois
33 Realty arranges deconversion sale of a 79-unit condo building in Oak Park

33 Realty arranges deconversion sale of a 79-unit condo building in Oak Park

Chicago based commercial real estate firm 33 Realty represented an unnamed buyer in its $15.172 million acquisition of a 79-unit condo building located at 932 W. Pleasant, Oak Park, Illinois. The buyer, a family office looking to increase its holdings in suburban infill markets, will convert the building into rental apartment and embark on a major value-add renovation.

Multifamily N Illinois
Spaces Real Estate begins leasing at MODE Lakeview in Chicago

Spaces Real Estate begins leasing at MODE Lakeview in Chicago

Chicago-based Spaces Real Estate announced the start of leasing at MODE Lakeview, a four-story, 18-unit rental community located at 3462 N. Lincoln Avenue on Chicago’s North Side. Developed by Fifield Construction and Realty and Tandem Construction, Development & Architecture, the transit-oriented development is now welcoming new residents with units available for immediate move-in.

Multifamily N Illinois
Belgravia Group begins pre-sales for Triangle Square condominiums in Chicago

Belgravia Group begins pre-sales for Triangle Square condominiums in Chicago

Chicago-based Belgravia Group, Ltd. has announced it will begin pre-construction sales on Feb. 16 for its 66 condominiums at Triangle Square, a mixed-used development in Chicago’s East Bucktown neighborhood that is part of the North Branch Corridor. A sales gallery for the project will be located at 2131 N. Damen Avenue, a quarter-mile from the development’s address at 1701 W. Webster Avenue.

Multifamily N Illinois
FirstService Residential expands property management offering into Chicago

FirstService Residential expands property management offering into Chicago

Florida-based property management firm FirstService Residential is expanding its Chicago property management portfolio with the acquisition of Lieberman Management Services, Inc. Terms of the transaction were not disclosed. Simultaneously, the company is partnering with Draper and Kramer, Incorporated, which is exiting condominium management and transferring its condominium management division, DK Condo, to FirstService Residential.

Multifamily N Illinois
Interra Realty brokers deconversion sale on Chicago’s North Side

Interra Realty brokers deconversion sale on Chicago’s North Side

Interra Realty, a Chicago-based commercial real estate investment services firm, has brokered the deconversion sale of 2000 W. Birchwood Avenue, a 16-unit condominium building in Chicago’s Rogers Park neighborhood. Interra managing partner Brad Feldman and director Adam Saxon represented both the buyer and seller in the transaction, which at $2.125 million equated to approximately $133,000 per unit.