Multifamily X Missouri
Are apartment rents headed down in 2019?

Are apartment rents headed down in 2019?

Will 2019 be the year that the multifamily market finally slows across the Midwest? CRE pros working the region have told Midwest Real Estate News that demand for new apartment units, especially those located in urban settings, remains strong as 2019 begins. But one study suggests that when it comes to rental rates a slowdown might have already occurred.

Multifamily Midwest
Evergreen Real Estate taking on management duties at properties across Midwest

Evergreen Real Estate taking on management duties at properties across Midwest

Chicago-based Evergreen Real Estate Group has been retained to manage nine affordable-housing communities for 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 United States.

Multifamily N Illinois
KTGY’s Co-Dwell offers efficient living for all

KTGY’s Co-Dwell offers efficient living for all

The co-living trend that has arisen in recent years is tightly bound to the behavior of millennials—whether real or perceived. But no entire generation of people born in the same era live demographically identical lifestyles, and the narrow focus of co-living up to now may be ignoring other opportunities.

Multifamily N Illinois
HFF announces sale of 558-unit apartment property in Westmont, Illinois

HFF announces sale of 558-unit apartment property in Westmont, Illinois

Holliday Fenoglio Fowler, L.P. (HFF) announced the sale of Westmont Village Apartments, a 558-unit, garden-style apartment community in Westmont, Illinois. The HFF team marketed the property on behalf of the seller, Long Wharf Capital LLC, and procured the buyer, a joint venture between a fund managed by DRA Advisors LLC and Marquette Companies. Terms of the deal were not disclosed.

Multifamily N Illinois
HFF announces sale of luxury mixed-use property in Chicago’s North Shore

HFF announces sale of luxury mixed-use property in Chicago’s North Shore

Holliday Fenoglio Fowler, L.P. (HFF) announced the sale of The Commons at Town Center, a boutique luxury residential and retail property in the affluent North Shore community of Vernon Hills, Illinois. The HFF team marketed the property on behalf of the seller, Inland Residential Properties Trust, Inc. (a member company of The Inland Real Estate Group of Companies, Inc.), and procured the buyer, FPA Multifamily, LLC.

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.