News Brief

NorthPoint Development, LoPatin & Co. to transform former Cadillac Stamping Plant in Detroit

NorthPoint Development and Michigan-based LoPatin & Co. have announced plans to redevelop the 44.768-acre site of the former Cadillac Stamping Plant in the City of…

Phoenix Investors announces phase two of North Normal Industrial Park in Normal, IL

An affiliate of Milwaukee-based Phoenix Investors will build phase two of the North Normal Industrial Park. The project consists of a 500,000-square-foot addition on approximately…

RESOLUT RE closes eight deals around Texas

RESOLUT RE recently completed 10 retail leases in Texas. The deals included transactions in the Austin, Dallas, Houston and San Antonio markets. Clinica Hispana Nazaret…

Northern Illinois apartment property sells for $2.2 million

Marcus & Millichap facilitated the sale of Schwarz Properties, a 49-unit apartment property located in Belvidere, Illinois, according to Joseph J. Powers, regional manager of…

Will County becomes fifth Illinois county to launch a Commercial PACE program

The Illinois Energy Conservation Authority NFP (IECA) has been selected by Will County as the program administrator for the Will County Commercial Property Assessed Clean…

Colliers Mortgage closes $14.6 million HUD loan for Beckley Townhomes in Dallas

The Minneapolis office of Colliers Mortgage, part of Colliers International, recently closed a $14.6 million loan for the refinancing of Beckley Townhomes, a 100-unit affordable…

CBRE sells 231-unit multifamily property in Minnesota

CBRE has arranged the sale of the Royal Oaks Apartments, a 231-unit luxury multifamily property at 3515 Federal Dive in Eagan, Minnesota. Peak Capital Partners…

The Missner Group begins construction on mixed-use development in downtown Glen Ellyn

Construction has begun on GSP Development’s Apex 400 Apartments, a ground-up, luxury, multifamily apartment, and retail property, located in downtown Glen Ellyn, Illinois. Fitzgerald Associates…

$22.5M non-performing multi-housing loan sale hits the market in Houston

JLL’s capital markets team has been engaged to market the sale of a $22.5 million non-performing multi-housing loan secured by the first mortgage on a…

Friedman closes office lease at Detroit’s Ford Building

Friedman Real Estate recently leased more than 5,700 square feet of office space with The City of Detroit at the Ford Building in Detroit, Michigan.…

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