Colliers predicts: Strong apartment market in Grand Rapids next year
A low unemployment rate and a surge in new jobs has meant good news for multifamily owners and investors in the suburbs of Grand Rapids,…
multifamily
Value-add Lincoln Park mixed-use asset sells
The four-unit, mixed-use building at 951 W. Armitage Avenue in Chicago's Lincoln Park sold for $1,472,500. Craig Franzen and Cody Doran of SVN Chicago Commercial…
Logan Square courtyard building sells for $8.8 million
Essex Realty Group, Inc., a mid-market brokerage firm based in Chicago, brokered the sale of 1832-1842 N. Humboldt Boulevard, a beautifully renovated, 45-unit courtyard apartment…
Marcus & Millichap arranges sale of 20-unit apartment building in Brookfield
Marcus & Millichap closed the sale of a 20-unit apartment property located in Brookfield, Illinois, according to Steven D. Weinstock, regional manager and first vice…
Moline multifamily complex sells for more than $3 million
The 67-unit multifamily complex located at 2424 41st Street in Moline, Illinois, commonly known as Paulsen Manor Apartments, sold for $3,300,000. Reid Bennett, CCIM and…
Those new FHA condo regs have wide-reaching implications
This past October, the Federal Housing Administration (FHA) enacted long-expected changes to the regulations governing condominium purchases. While these amendments will hopefully ease more prospective…
Gold Coast sale marks Chicago’s largest deconversion
New York-based ESG Kullen has acquired 1400 N. Lake Shore Drive in Chicago for approximately $107 million. The sale will see the 391-unit, vintage condo…
Cushman & Wakefield brokers $18 million apartment sale near Milwaukee
Cushman & Wakefield's Midwest Multifamily Advisory Group brokered the $18.7 million sale of Springdale Apartments, a three-story, 199-unit community at 2415 Springdale Road in the…
AIA sells apartment building In West Town
Apartment Investment Advisers (AIA) recently closed the sale of an apartment building in Chicago's West Town neighborhood. The nine-unit building located at 1436 W. Blackhawk…
Kiser Group marketing 86-unit South Side portfolio in Chicago
An 86-unit portfolio on Chicago's South Side has been listed for sale by Chicago-based multifamily brokerage firm Kiser Group. Comprising six Auburn Gresham properties and…