Seneca Condo selected as managing agent for 4 East Elm in Chicago
Chicago-based Convexity Properties has awarded SenecaCondo, a division of Seneca Real Estate Group, the contract to act as managing agent for 4 East Elm in…
Multifamily
Evergreen invests $13.3M in acquisition and renovation of two Chicago affordable housing communities
Over the next 12 months, Evergreen plans to renovate both properties – a 45-unit building at 1420 W. Farwell Ave. and 40-unit building at 1345…
Berkadia closes $10 million for two Minnesota apartment properties
The buyer was Golden Sun Preservation, LLC, an entity controlled by the Minneapolis-based non-profit group AEON. The properties were 100 percent occupied at the time…
Average apartment sizes fall to 10-year low
Developers continue to add modern multifamily units to cities across the Midwest. And these new units? They're getting smaller. According to RENTCafe, the average size…
RE/MAX Premier Properties’ Hasani Steele receives recognition from Chicago Association of REALTORS
The Top Renovator Award reflects superior rebuilding efforts and takes into consideration a range of other factors, such as residential design and the impact of…
Should multifamily developers, owners start to worry?
By now, you know the story: Apartment rents across the country, including in the Midwest, continue to rise. At the same time, the demand for…
The John Buck Company, J.P Morgan Asset Management close on 3Eleven acquisition
The project, to be developed by The John Buck Company and designed by FitzGerald Associates Architects, will rise 25 stories to a height of 281…
Zumper study: Multifamily rents keep rising in Minneapolis
There's a reason why so many developers are building new apartment towers in downtown Minneapolis: The demand for multifamily space is high. And with that…
Rockwell Partners acquires Naperville condo complex and plans for major renovations
Rockwell plans to improve Huntington's common areas, in-unit finishes and features, and property amenities such as the clubhouse. The company also will take over the…
Former River North warehouse and vacant lot get $38M financing for conversion to luxury condos
Associated Bank recently completed $38 million in financing for the conversion of a former Chicago warehouse and vacant lot at 678 N. Kingsbury into 41…