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,…
Multifamily
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;…
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…
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…
64-unit mixed-income apartment community opens in Milwaukee
Evergreen Real Estate Group and Legacy Midwest Renewal Corp. recently joined public-private partners to celebrate the grand-opening of Legacy Lofts, a 64-unit mixed-income rental community…
RMK Management adds three Midwest properties to management portfolio
RMK Management Corporation has taken over leasing and property management for a three-property, 407-unit Midwest rental portfolio. Trevian Capital and Crown Properties, both headquartered in…