Multifamily

Falling rents? That doesn’t mean apartment demand is slowing

Sam Radbill, senior communications manager at ABODO Apartments, said that a recent dip in average apartment rents shouldn't provide a scare to investors or developers.…

Detroit’s City Club Apartments hires assistant vice president

Detroit-based City Club Apartments has hired Carie Wagner as assistant vice president of management operations.

Renelle on the River tops out in Chicago

Belgravia Group celebrated the topping-off of Renelle on the River with a beam-signing ceremony on site at 403 N. Wabash Avenue, in Chicago’s River North…

Chicago’s One Bennett Park places final steel beam

Developer Related Midwest and general contractor Lendlease this week marked the completion of structural steel work at One Bennett Park, Related's ultra-luxury residential development at…

Big spenders: How much does it cost to rent high-end apartments in the Midwest?

Plenty of commercial brokers across the Midwest have expressed concerns that too many of the new apartment developments that developers are bringing to the market…

CBRE broker closes four apartment sales in St. Louis market

CBRE completed four multifamily sales in the St. Louis area in the last two months. The deals totaled about $82 million and 1,106 units.

Are apartment rents on a downward spiral? New ABODO study suggests it’s true

In good news for renters – and maybe not so great news for owners – apartment rents fell in May, the fourth straight month that…

Lakeview TOD development opens up pre-leasing

Chicago-based Spaces Real Estate has initiated pre-leasing at Clarkview Apartments, an upscale rental community at 3226-28 N. Clark Street in Chicago's Lakeview neighborhood. The seven-story…

Interra Realty facilitates $5.75M sale of 32-unit apartment building

Interra Realty, a Chicago-based commercial real estate investment services firm, brokered the $5.75 million sale of 5022-30 N. Winthrop Avenue, a three-story, 32-unit courtyard apartment…

Friedman sells 35-unit apartment building in Detroit

Friedman Real Estate recently sold Pembrooke Manor, a 35-unit apartment building at 20539-20541 Southfield Fairway in Detroit.

Multifamily

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