Multifamily

The Collective unveils plans for first purpose-built Chicago co-living location

New York-based co-living provider The Collective confirmed plans to expand into Chicago; following a trio of acquisitions in New York, Chicago becomes the second city…

Exploring the Lightfoot platform, part one: Affordable housing

Though the bull market that has charged out of the Great Recession continues apace, Chicago residents overwhelmingly voted in progressive candidates during the April elections,…

TennesseeMultifamily

Marcus & Millichap Absorption slowing in Tennessee apartment markets

Apartment units throughout the biggest metropolitan areas in Tennessee have rented quickly during the last three years. But a surge of new supply in Memphis,…

HFF announces sale of luxury apartment community in St. Charles, Illinois

Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of Prairie Winds of St. Charles, a 250-home, luxury townhome-style apartment community in the Chicago suburb of…

The Paragon, a 500-unit apartment building in Chicago’s South Loop, welcomes first residents

The first residents have begun moving in at The Paragon, a 500-unit, 47-story apartment building at 1326 S. Michigan Avenue in Chicago. Tenants can now…

RMK takes on management duties at three Midwest apartments

RMK Management Corporation has taken over leasing and property management for three rental communities in the Midwest, one in Elgin, Illinois; another in Madison, Wisconsin;…

MissouriMultifamily

Lee’s Summit Housing Authority names executive director

The Lee’s Summit Housing Authority in the City of Lee’s Summit, Missouri, has named Erik Berg as its new executive director. Berg brings a wide…

MichiganMultifamily

Habitat Company purchases trio of apartment communities in Midwest

Chicago-based The Habitat Company has acquired three rental properties: The Village of Hyde Park, a development of 43 townhomes in Detroit; Harbour Club, a 1,112-unit…

The experts speak, digging into the details on condo deconversions

Every year since the end of the recession, the condo deconversion movement has gained steam. This late in the cycle, however, many are beginning to…

Mixed-use property sells in Algonquin, IL

Marcus & Millichap closed the sale of a 20-unit, mixed-use property located in Algonquin, Illinois, according to Steven D. Weinstock, regional manager of the firm's…