New study: Number of high-income renters continues to soar
Renters who choose the apartment lifestyle even though they can afford to buy have been a boon to multifamily owners and developers during the last…
Multifamily
Interra Realty brokers $6 million sale of apartment building in Chicago
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the sale of 5424 S. Cornell Avenue, a 64-unit rental community in…
Chicago’s rental market finished out 2018 looking strong
By most metrics, Chicago's rental market is not only improved over recent years, it is one of the strongest in the nation. That's the takeaway…
Lombard multifamily property sells for $2.15 million
Inland Real Estate Commercial Brokerage, Inc. announced the sale and closing of a 28-unit apartment complex located in Lombard, Illinois, a western suburb of Chicago,…
Affordable housing a hot topic as Chicago mayoral hopefuls speak on real estate issues
Manny's Deli in Chicago's South Loop has a storied past, and has previously accommodated mayors, governors and presidents. Like other parts of the city, the…
Cushman & Wakefield selling 328-unit apartment community near Indianapolis
Cushman & Wakefield is marketing for sale the South Crossing multifamily development in the Southport suburb of Indianapolis.
Michigan’s IPO hires team leader
Bloomfield Hills, Michigan-based Income Property Organization has a new team member, Kevin Jahnke, who has been retained to assist with IPO’s expansion into the Indiana…
First look at revamped River City Apartments, iconic South Loop building
Designed by Blue Star Properties, new renderings show the refreshed look coming to River City Apartments in Chicago's South Loop. Respecting architect Bertrand Goldberg's original…
Marcus & Millichap sells 309-unit apartment complex in Kansas City
Marcus & Millichap recently closed the sale of View High Lake, a 309-unit multifamily property in Kansas City, Missouri.
Marcus & Millichap facilitates sale of 15-unit apartment building in Cicero
Marcus & Millichap announced the sale of a 15-unit apartment property located at 2100 S. 51st Avenue in Cicero, Illinois, according to Steven D. Weinstock,…