Multifamily

Lodge Financial arranges $2M in financing for Chicago mixed-use property

Lodge Financial recently closed a $1,950,000 loan for the acquisition of a six-unit, mixed-use property located at the corner of Dickens Avenue and Damen Avenue…

Common pitfalls that condo associations can avoid during a deconversion

An increase in condominium deconversions in the Chicago market has raised important questions for many condominium owners and the association board members. Do the benefits…

Marcus & Millichap arranges sale of 34-unit apartment building in Chicago

Marcus & Millichap announced the sale of a 34-unit apartment property located at 5629 W. Madison Street in Chicago, according to Steven D. Weinstock, regional…

MissouriMultifamily

City Club Apartments celebrates ground-breaking in Kansas City

City Club Apartments broke ground yesterday on its City Club Apartments Crossroads urban apartment and mixed-use community in Kansas City.

MichiganMultifamily

Friedman adds multifamily specialist to roster

Farmingon Hills, Michigan-based Friedman Real Estate has hired Tony Landa as director of acquisitions – multifamily.

MichiganMultifamily

Bernard Financial closes $87 million loan for Michigan apartment community

Bernard Financial Group closed an $87 million loan for a 667-unit apartment complex in West Bloomfield, Michigan. The borrower is Allerion Associates, LLC.

Three-building apartment complex in Chicago’s West suburbs sells for $2M

Marcus & Millichap announced the sale of an 18-unit apartment property located at 2628-2640 Desplaines Avenue in North Riverside, Illinois, according to Steven D. Weinstock,…

Mesirow Financial closes multifamily value-added real estate fund

Mesirow Financial announced the final closing of Mesirow Financial Real Estate Value Fund III, L.P. with equity commitments of $567 million from institutional investors across…

CEDARst debuts refurbished/newly constructed apartment project

Chicago-based CEDARst Companies unveiled The Ardus, named in tribute to the original Bogardus Company housed on the location in the 1920s. The historic building at…

Equity Residential CEO Neithercut to retire at year’s end

Chicago-based multifamily acquisition, development and management firm Equity Residential announced key executive management changes as part of its succession planning program. David J. Neithercut, 62,…