Dominium names VP of asset management
Dominium an affordable housing developer, owner, and manager hired Kevin McKee as the company’s new Vice President of Asset Management. Dominium has offices in Dallas,…
Multifamily
Interra Realty brokers $2.55 million sale of mixed-use building in Cicero
Interra Realty brokered the $2.55 million sale of 2300-2312 S. Central Ave., a 24-unit mixed-use building in Cicero, Illinois. The vintage property, which features 22…
CBRE closes sale of 180-unit apartment property in St. Peters
CBRE arranged the sale and acquisition financing for The Station St. Peters, a 180-unit multifamily property in St. Peters, Missouri. Salem, Oregon-based Bonaventure purchased the property from Mia…
Silver Property Group acquires 20-unit vintage apartment building in Chicago’s Avondale neighborhood
Silver Property Group closed on a 20-unit vintage neighborhood building at 2200 N. Avers Ave. in the Avondale neighborhood of Chicago. This marks the sixth…
Bernard Financial Group provides $1 million loan for 22-unit apartment property in Detroit
Bernard Financial Group arranged a $1 million permanent life insurance company loan for a 22-Unit multifamily property in Detroit. The borrower is Pilgrim Villa, LLC.…
Interra Realty closes $9.6 million sale of multifamily property in Chicago’s Rogers Park neighborhood
Interra Realty brokered the $9.625 million sale of 6930 N. Greenview Ave. in Chicago’s Rogers Park neighborhood. The vintage mixed-use building includes 66 apartments and…
An all-time high? Demand for multifamily space keeps rising in the Milwaukee and Madison markets
Certain Midwest commercial real estate markets are known for being resilient. Two of them? Milwaukee and Madison.
Multifamily finance in a volatile market
In an era of extended volatility and disrupted economic norms, multifamily continues to hold its position as the top asset class for commercial real estate…
Cinnaire closes $340 million LIHTC fund, the largest in organization’s history
Cinnaire closed a $340 million Low-Income Housing Tax Credit (LIHTC) multi-investor fund (Fund 43)—the largest investment fund in the organization’s 32-year history. Designed to create…
Apartments.com: Chicago remains one of the most expensive cities in which to rent an apartment
The Chicago multifamily market remains a strong one, with the average monthly rent here standing at $1,939 a month as of May, according to the…