Multifamily

110 units sell in Chicago’s Beverly neighborhood for a combined $9.5M

Two multifamily buildings totaling 110 units sold on Walden Parkway in Chicago's Beverly neighborhood. The properties, 70 units and 40 units, are located at 10206-30…

Increased homeownership could curb multifamily gains

A record number of rental units were absorbed last year. At the same time, however, the nation's homeownership trend has begun to turn back up…

Skender completes affordable TOD on Chicago’s South Side

Skender, serving as base building and interior construction manager, recently completed Woodlawn Station, a transit-oriented affordable housing development in Chicago. Located just under the Cottage…

What property types are the best targets for deconversion?

Commercial buildings rarely retain one use. Office buildings transform into residential, post offices become retail and shuttered factories can go self-storage. In this context, it's…

Chicago residential tower, 1001 S. State Street, sells to private buyers

CIM Group and Golub & Company announced the sale of a 397-unit luxury multifamily residential tower at 1001 S. State Street in Chicago's South Loop…

Alatus set to move forward with luxury residential tower in Minneapolis

After recently clearing all legal hurdles, local developer Alatus, LLC will move forward with construction of its planned 40-story luxury residential tower at 200 Central…

Timberland Partners buys apartment community in Tennessee

Minneapolis-based Timberland Partners has acquired Ridgemont at Stringers Ridge, an apartment community in Chattanooga, Tennessee.

The Residences at Addison & Clark begin pre-leasing in Wrigleyville

RMK Management Corp. announced that pre-leasing is underway at The Residences at Addison & Clark, a new 148-unit luxury rental development positioned at the southeast…

Good news for Midwest apartment owners: Renters heading to secondary cities

Finding affordable apartment rents is a challenge in big cities like Chicago, New York and Los Angeles. But in secondary markets, places like Nashville, Columbus…

Berkadia sells 176-unit apartment community in Kansas City

Berkadia recently closed the sale of NoRi, a 176-unit multifamily community in Kansas City, Missouri.

Multifamily

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