Multifamily N Illinois
Fulton Market loft apartments sell for $40 million

Fulton Market loft apartments sell for $40 million

Cushman & Wakefield’s Midwest multifamily advisory group has brokered the $40,150,000 sale of 13thirteen Randolph Street Lofts, a 74-unit mixed-use property at the southwest corner of Randolph and Elizabeth streets in the West Loop’s Fulton Market District. The per-unit price is one of the highest paid so far this year in Fulton Market, according to CoStar data.

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.