CRE Future Leaders: Jeremy Morton
As a director at Interra Realty, Jeremy Morton advises clients on multifamily asset dispositions as well as analyzing potential investment opportunities. He believes that client…
Multifamily
Associated Bank closes on $37.8M loan for Chicago multifamily property
Associated Bank completed a $37,800,000 construction loan to Marquette Companies and Kayne Anderson Real Estate for renovation of an 18-story multifamily apartment building located at…
St. Louis Apartment Association holds sock drive for homeless shelters
The St. Louis Apartment Association’s NextGen Chapter held a “sock drive” in November to help the homeless. The “Warm Their Soles” effort delivered more than…
Pembrook provides $17 million for acquisition of six apartments in Ohio
Pembrook Capital Management LLC is providing a $17.7 million loan for the acquisition and renovation of a value-add multifamily portfolio made up of six buildings…
CEDARst Companies refinances $81.7M multifamily deal
CEDARst Companies has refinanced the Draper, located at 5050 N. Broadway Avenue, with an $81,720,000 Fannie Mae loan, arranged by PGIM Real Estate. The Chicago-based…
Waiting and seeing: How the multifamily sector responded to 2020—and readies for 2021
When the pandemic became a hard reality last spring, it led to shutdowns and ultimately, furloughs and layoffs. With so many out of work, there…
First look at The Reed, second residential tower within Southbank Development in Chicago’s Printers Row
Lendlease unveiled The Reed, a 41-story luxury residential high-rise located at 234 W. Polk Street, as the next phase of its Southbank project in Chicago’s…
Artist almost done with gorilla mural on City Club Apartments Crossroads Kansas City
Chicago muralist Mauricio Ramirez is nearing completion on a mural on the side of the newly opened City Club Apartments Crossroads Kansas City in Kansas…
The pandemic impact: Apartment rents falling in big cities, staying strong in smaller Midwest markets
Apartment rents are falling across the country. Or are they? That depends, with a new report from Yardi Matrix showing that monthly rents are declining…
Maverick Commercial Mortgage closes $2.5M loan for Chicago multifamily portfolio
Maverick Commercial Mortgage has finalized a $2,500,000 first mortgage loan for a portfolio of multifamily properties located on the North and West Sides of Chicago.…