Multifamily

Parking lot in Chicago’s Gold Coast neighborhood acquired for $16.6M for planned condo development

Chicago-based Lexington Homes purchased the property, located at 1022-28 N. Dearborn Parkway, from the Ruth Page Foundation for nearly $16.6 million, with plans to develop…

Willowbrook Lake Apartments in Indianapolis sell for $11 million

Willowbrook Lake Apartments, a multifamily property located in Indianapolis, has sold for $11.3 million to an entity of Sundance Bay, based in Orem, Utah.

Milwaukee, Omaha and Columbus all seeing big increases in apartment rents

Where are apartment rents rising the fastest? According to apartment Web site Abodo, Milwaukee led the way, seeing the biggest increase in one-bedroom apartment rents…

Associated Bank coordinates $36M loan for Naperville condo conversion and redevelopment

Associated Bank announced the completion of syndicated financing in the amount more than $36 million for Rockwell Partners to acquire and redevelop the 356-unit Huntington…

Construction begins on new luxury townhome development in Chicago’s South Loop

A joint venture between Sandz Development Co. and Golub & Co. will see the addition of 55, four-story luxury townhomes within nine buildings at 18th…

La Quinta Apartments in Blair, Nebraska sell for $1.2 million

Investors Realty, Inc. brokered the $1.19 million sale of the La Quinta Apartments in Blair, Nebraska. This 23-unit multi-family property sold 80 days from listing.

Omaha’s Cushman & Wakefield/The Lund Company names director of property management

Kelli Deere has been promoted to director of residential property management at Cushman & Wakefield/The Lund Company in Omaha.

Work on River North’s NEXT apartments nearing completion with move-ins scheduled for September

Favorable weather conditions have allowed crews to complete work three months ahead of the originally scheduled delivery date of early 2017.

Developer plans to convert East Village Church to apartment complex

The developer has plans to convert the former Church at 1062 N. Ashland into a 34-unit apartment building.

Yardi Matrix predicts solid apartment rent gains in Kansas City, Nashville and Knoxville

Average apartment rents in the United States rose another $10 in June, marking the third straight month of double-digit gains, according to the latest apartment…

Multifamily

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