Optima Old Orchard Woods in Skokie sells for $44M
Trilogy Real Estate Group of Chicago has purchased Optima Old Orchard Woods, a 142-unit, Class A multifamily development in Skokie, Illinois, for $44 million.
Multifamily
Mercy Housing Inc. acquires 33 properties from Franciscan Ministries, Inc., grows portfolio by 20 percent
Mercy Housing, Inc. recently accepted the transfer of 3,666 affordable units from Franciscan Ministries, Inc. Once the acquisition is complete, Mercy Housing's holdings in Illinois…
Joint venture to develop The Residences at Hamilton Lakes in Itasca, Illinois
A joint venture between M&R Development, Itasca-based Hamilton Partners and equity partner Murphy O'Brien plan to develop The Residences at Hamilton Lakes, a 297-unit luxury…
Lafayette Terrace Apartments gets a $5 million makeover
Preservation of Affordable Housing (POAH) Inc. recently celebrated a ribbon cutting to mark the official completion of renovations for Lafayette Terrace Apartments, an eight-building multifamily…
Christine Akins to lead CBRE’s Multifamily Capital Markets Investment Sales practice
Based in Chicago, Akins will carry over more than 20 years of experience as she leads the firm's multifamily investment sales practice in the Americas.
Bernard Financial Group closes $4.25 million loan for Detroit multifamily portfolio
Bernard Financial Group has arranged a loan of $4.25 million for a multifamily portfolio in Detroit.
Recently completed Woodview Apartments in Deerfield earns LEED Certification
The co-development team of Conor Commercial Real Estate and Ravine Park Partners, a member of the McShane Companies, announced that the recently completed Woodview Apartments…
Construction on city’s third tallest building set to begin this summer
Mayor Rahm Emanuel announced today that construction on the 95-story Vista Tower, otherwise known as the city's soon-to-be third tallest building, will begin this summer…
Berkadia arranges sale of student housing properties near Notre Dame
Berkadia announced the recent sale of Clover Ridge and Clover Village, two student housing communities in South Bend, Indiana.