Marcus & Millichap sells 31-unit apartment portfolio in Twin Cities market
Marcus & Millichap recently sold Interlachen Manor and Oaklawn Estates, a 31-unit apartment portfolio in Edina, Minnesota.
Multifamily
Origin Investments, partnership acquire Palatine’s Village Park in $48M deal
Origin Investments, in partnership with Draper and Kramer and LEM Capital, acquired Village Park of Palatine, a 448-unit apartment complex in a deal worth about…
Marcus & Millichap sells 35-unit multifamily building in St. Paul
Marcus & Millichap recently closed the sale of Emerson Hill, a 35-unit apartment property located in West Saint Paul, Minneapolis. The multifamily property sold for…
Berkadia provides $49 million in financing for new apartment community in Cleveland
Berkadia has arranged a $49.5 million loan for Centric Apartments, a new multifamily property in Cleveland. Director Dan Geuther secured the construction loan from Related…
Strategic Properties of North America completes large condo de-conversion in Chicago
Strategic Properties of North America, a client of law firm Taft, recently completed its acquisition of the 133-unit residential building at 2625 N. Clark St.…
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…
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.