Despite the hype for downtowns, United States remains a mostly suburban country
The urban centers of cities are getting most of the press today, with countless stories focusing on the growing number of people -- young and…
Multifamily
Marcus & Millichap sells apartment property in Minneapolis for $1.3 million
Marcus & Millichap has sold 860 10th Avenue SE, a nine-unit apartment property in Minneapolis for $1.3 million.
Marcus & Millichap sells mixed-use property in Chicago’s Lakeview neighborhood
Marcus & Millichap closed the sale of Wrigleyville Value-Add, a 4,870-square-foot mixed-use property in Chicago. The asset sold for $1.425 million.
Apartment rents rising, vacancies falling in Columbus
The economy in Columbus, Ohio, continues to improve, with unemployment falling. This is bringing more residents to the city, especially its downtown urban areas.
Grandbridge Real Estate Capital closes $14 million construction loan for 81-unit multifamily property in Minnesota
Grandbridge Real Estate Capital recently closed a $14.6 million construction loan for an 81-unit, to-be-built market-rate housing property in Victoria, Minnesota.
Dougherty Mortgage closes $3.8 million loan for acquisition of 96-unit apartment community in Iowa
Dougherty Mortgage LLC recently closed a $3.8 million Fannie Mae loan for the acquisition of Castlewood Apartments, a 96-unit multifamily affordable housing property in Davenport,…
Tikijian Associates sells apartment community in Indianapolis
Tikijian Associates recently sold the Brookwood Apartments on the south side of Indianapolis.
High Street Residential acquires site for six-story mixed-use project in Downers Grove
High Street Residential recently acquired a 0.87-acre site for the construction of Maple&Main, a six-story, Class-A+ mixed-use transit-oriented building at the epicenter of downtown Downers…
Bellwether Enterprise Real Estate Capital closes refinance for 10 properties in Ohio, Texas
Bellwether Enterprise Real Estate Capital LLC recently closed a refinance transaction for a 10-property portfolio of assets in Ohio and Texas.
Kraus-Anderson to build 60-unit affordable multifamily development in Minnesota
The Bemidji, Minnesota, office of Kraus-Anderson will build Center City Housing, a new 60-unit apartment complex at 600 Third Street NW in Bemidji. The multi-family…