Think All Real Estate Qualifies for a 1031 Exchange? Think Again.
The 1031 exchange is one of the most powerful tools available to real estate investors, but it comes with important boundaries. A common misconception is…
finance
JLL Capital Markets secures $25 million refinancing for apartment community in Chicago
JLL Capital Markets secured a $25.22 million refinancing for Chateau on Wells, a 43-unit luxury boutique apartment community in downtown Chicago. JLL represented the borrower, Akara…
Northmarq closes $44.2 million sale of Bellevue multifamily community
Northmarq’s Midwest Multifamily Investment Sales team of Parker Stewart, Dominic Martinez, Alex Malzone and Anthony Martinez arranged the $44.2 million sale of Apex at Twin Creek, a 240‑unit garden‑style multifamily community…
Associated Bank closes $7.62 million construction loan for 40-unit apartment building in Chicago
Associated Bank recently announced completion of a $7,620,000 construction loan to CEDARst Companies for a five-story, 40-unit apartment building located at 4725 N. Clifton Ave.…
Northmarq closes $22 million refinance for 49-unit apartment property in Excelsior
Northmarq’s Minneapolis Debt + Equity team led by Andy Finn arranged the $22.727 million refinancing of One West Drive, a 49-unit boutique apartment at One West Drive in…
LaSalle Investment Management names Head of U.S. Transactions
LaSalle Investment Management appointed Peter Sibilia as Head of U.S. Transactions effective March 2. Based in New York and reporting to Richard Kleinman, Chief Investment…
Lightstone Capital launches Texas office, names state originations leader
Lightstone Capital hired Elias Haddad to lead debt originations for the Central Region. In this role, Haddad will oversee sourcing and execution across Southwest and Midwest…
Challenges and success stories: Plenty of good news during Chicagoland Capital Markets conference
The biggest names in Chicago's commercial real estate finance industry gathered Feb. 27 for Illinois Real Estate Journal's Chicagoland Capital Markets conference.
Associated Bank provides $4.7 million acquisition loan for 42-unit apartment building in Chicago
Associated Bank closed a $4.7 million loan to Becovic Residential for the acquisition of The Winthrop Place, 5710 N. Winthrop Ave. in Chicago. Built in…
JLL Capital Markets provides $44.1 million in construction financing for 149-unit apartment project in Chicago
JLL Capital Markets arranged $38.1 million in senior construction financing and $6 million in preferred equity for 310 West Huron, a 149-unit luxury multifamily development project…