Revisiting Illinois Real Estate Journal’s biggest stories of 2021
The new year is just around the corner, but we can already look back at 2021 as one that represented both the good times and…
Multifamily
SR Realty Trust acquires 132-unit apartment property in Omaha
SR Realty Trust, Inc. has acquired, as a tenant-in-common, the Orpheum Tower, a 132-unit market rate multifamily property in Omaha, Nebraska. The property is located…
Friedman Real Estate sells 280-unit apartment complex in Lansing
Peter Jankowski of Friedman Real Estate recently sold Park Place Manor Apartments at a sale price of $9.64 million. Located in Lansing, Michigan, the community…
Illinois homes sales, median prices increase in November
After several months of declines, Illinois home sales shifted back into positive territory in November as buyer demand stayed strong and the number of available…
Not slowing down: Multifamily ready for a strong 2022
The COVID-19 pandemic keeps dragging on. And as it does so, commercial real estate developers continue to adapt to the challenges this pandemic throws at…
Kiser Group advises $6.8 million multifamily sale in Naperville
Kiser Group, Chicago’s leading multifamily brokerage firm, recently represented the buyer of The Washington, an 8-unit luxury apartment building with 6,500 SF of commercial space…
New luxury condominiums at Snow King Mountain to break ground in 2022
A new ski-in, ski-out luxury condominium development is coming to the heart of Snow King Mountain. Phase 1 of the project, which is led by…
Colliers Mortgage provides acquisition loan for 280-unit apartment building in Indiana
The Minneapolis office of Colliers Mortgage recently closed a Fannie Mae loan for the acquisition of Hermitage Apartments, a 280-unit market-rate multifamily apartment property in…
South Chicago celebrates the preservation, restoration and reopening of community asset
The South Chicago community joined with Mayor Lightfoot, U.S. Representative Robin Kelly, and 10th Ward Alderwoman Susan Sadlowski Garza to celebrate the formal opening of…
Becovic acquires 19-unit courtyard building in Rogers Park for $2.2 million
Becovic, a Chicago-based multifamily owner and operator, adds another Rogers Park property to its portfolio. Today, the company announced the closing of The Clark Rogers,…