Multifamily

Another COVID challenge: Material, labor shortages forcing construction firms to get creative

Material and equipment delays. They're hitting commercial construction companies across the country. Trying to get steel? Expect to wait nine months. Want the perfect insulation…

Minnesota Housing closes $1.4 million refinance for 35-unit apartment property in St. Paul

Minnesota Housing recently closed a $1.4 million refinance of BROWNstone on University Avenue in St. Paul, Minnesota. BROWNstone has 35 affordable units, as well as…

Interra Realty brokers $5 million sale of 40-unit courtyard building in Rogers Park

Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered the $5.025 million sale of 7363-83 N. Winchester Ave., a two-building, 40-unit rental community…

Wingspan Development brings 284 luxury apartments and private clubhouse to Plainfield, Ill

Wingspan Development Group (Wingspan), a privately held national development firm active in the multifamily and mixed-use sectors, today announced pre-leasing is underway for Sixteen30, a…

Uptown apartment building near Wilson station sells for $1.635 million

Chicago-based multifamily brokerage firm Essex Realty Group, Inc. brokered the $1.635-million sale of 921 W. Wilson Avenue, a six-unit multifamily property located in Chicago’s Uptown…

JLL closes $59 million sale of 269-unit multifamily community in Minnesota

JLL Capital Markets has closed the $59 million sale of and arranged $44.25 million in acquisition financing for The Cielo Apartments, a 269-unit, multi-housing community…

Progress on Michael Reese Hospital redevelopment and Obama Presidential Center

There has been significant progress made this week on two transformative developments for the southern lakefront in Chicago: the approval of the $4 billion redevelopment…

Panorama rental building in Lakeview hits 100% leased milestone

Luxury Living Chicago Realty (LLCR) announces Panorama, a new BlitzLake development in Chicago’s Lakeview neighborhood, has hit the 100% leased milestone. The 140-unit luxury apartment building began leasing…

Illinois housing market speeds up in June as prices rise and inventory thins

The Illinois housing market remained in high gear in June with motivated buyers moving quickly amid ongoing tight inventory. The competitive market pushed home sales…

CRE entrepreneurs complete $70 million renovation of Detroit’s Albert Kahn Building

The joint venture formed by Adam Lutz of Lutz Real Estate Investments and Matthew Sosin of Northern Equities Group has completed its $70 million renovation…

Multifamily

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