Multifamily

Redwood Capital Group acquires 236-unit luxury apartment complex in Deer Park

Redwood Capital Group, LLC, a Chicago-based multifamily investment advisor, has acquired Deer Park Crossing, a 236-unit apartment complex in Deer Park, Illinois. The property was…

AIA sells five South Side apartment buildings

Apartment Investment Advisers (AIA) recently sold two separate South Side Chicago apartment building portfolios, comprising five properties. Jack Cassin and Mike Lindblad of AIA were…

Henry Bros. Co. breaks ground on supportive housing development in Palatine

Henry Bros. Co. (HBCo) has broken ground on Spruce Village in Palatine, Illinois. The 32,900-square-foot complex will provide supportive affordable housing to adults with physical…

Four Mile Capital buys 216-unit apartment property near Des Moines

Four Mile Capital has acquired The Bricks Waukee East, a 216-unit multifamily community in Waukee, Iowa, a suburb of Des Moines, in an off-market transaction.

MichiganMultifamily

The stats prove it: Detroit-area apartment units still drawing in the renters

Detroit isn't unlike most Midwest cities when it comes to its multifamily market: Construction of new apartment units is rising while vacancies of existing ones…

MidwestMultifamily

Capital One survey: Multifamily slowdown not coming next year

Don't expect much if any slowdown in multifamily sales next year. According to a recent survey, multifamily professionals are ready to add to their apartment…

Marcus & Millichap arranges sale of 18-unit apartment building in Blue Island

Marcus & Millichap facilitated the sale of Wood Street Apartments, an 18-unit apartment property located at 13046 Wood Street in Blue Island, Illinois, according to…

Essex Realty Group brokers the sale of 13 units in Oak Park

Chicago-based Essex Realty Group, Inc. facilitate the sale of 41–43 Garfield Street, Oak Park, Illinois. The property sold at the full asking price of $1,100,000.

MinnesotaMultifamily

JLL closes $11 million apartment sale in Minnesota

JLL has closed the $11.25 million sale and $14.4 million financing of Eastridge Estates, a 126-unit apartment community in Rochester, Minnesota.

TennesseeMultifamily

Tricon Capital acquires 708 homes in Nashville

Tricon Capital Group Inc.'s single-family rental joint venture, TAH-JV1, has acquired a portfolio of 708 housing units in Nashville, Tennessee.