Pillar closes $11 million loan for Michigan manufactured housing community
Pillar Financial originated an $11 million loan for the acquisition of Mill Pond Village MHC at 1500 Old Mill Lane in Lansing, Michigan.
Multifamily
Marcus & Millichap names new managing director in Detroit office
Andrew Daitch of Marcus & Millichap’s Detroit office has been named an executive managing director of investments. The executive managing director investments designation is the…
Evergreen Real Estate Group acquires Downers Grove affordable housing community
Evergreen Real Estate Group acquired Oak Tree Towers, a 165-unit affordable senior housing community in Downers Grove, Illinois.
CBRE sells 166-unit multifamily building in Minnesota
CBRE Multifamily represented ownership in the sale of Deerfield Townhomes, a 166-unit townhome-style apartment community in Hermantown, Minnesota, to a joint venture between Capital Solutions,…
Flaherty & Collins breaks ground on luxury apartment development in Indiana
Flaherty & Collins Properties has started construction of The Arbuckle, a $40 million mixed-use, luxury residential apartment development at Arbuckle Park in downtown Brownsburg, Indiana.…
Cushman & Wakefield sells 294-unit apartment building in Louisville
Cushman & Wakefield|Commercial Kentucky has arranged the $25.5 million sale of Breckinridge Square, a 294-unit apartment community in Louisville, Kentucky.
33 Realty closes on four Des Plaines apartment buildings
33 Realty closed on four apartment buildings with a total of 48 units for a sale price upwards of $5 million in Des Plaines, Illinois.
Renter relief? ABODO reports falling apartment rents across the country
Apartment rents across the country are falling – at least a bit – in what is good news for renters and not-so-great news for multifamily…
CBRE boosts multifamily team in Indianapolis
CBRE investment property professional Bryan Flaherty, based in Louisville, is now working with the company’s central Midwest multifamily team based in Indianapolis. Flarherty will remain…
Sons of Norway chooses Ryan Companies to redevelop key land parcel in Minneapolis
Sons of Norway has reached an agreement with Ryan Companies US, Inc. and Weidner Apartment Homes for the sale and redevelopment of a land parcel…