CRE experts sound off on rent control in Illinois
For more than 20 years, a law on the books in Illinois has prevented any municipality from enacting rent control measures. But with the elections…
multifamily
Opportunity Zone program bringing new life to lot near Indiana University
Developers and investors praised the Opportunity Zone program when it became law as part of the 2017 Tax Cuts and Jobs Act. The hope was…
Where the kids are: Gen-Z settles in the suburbs
The youngest generation—the one that has come to be labelled Generation Z—is fast becoming an enormous factor in all aspects of American life, including real…
Kraus-Anderson wraps construction of affordable housing project in Minnesota
Kraus-Anderson has completed construction of Fontaine Towers, a 119,000-square-foot affordable housing project located at 102 2nd St. SE in Rochester, Minnesota.
Cushman & Wakefield grows multifamily division
Brad Smith has joined Cushman & Wakefield as an associate in the Midwest Multifamily Advisory Group, and will be based in Chicago. He joins Todd…
Columbus’ RED Mortgage Capital adds affordable housing specialist
Columbus, Ohio-based RED Mortgage Capital has hired D. Edward Greene as Chief Underwriter for Affordable Housing. Greene joins RED from Freddie Mac, where he most…
Lodge Financial secures acquisition financing for Chicago multifamily property
Lodge Financial's Matthew Bowker recently closed a $975,000 loan for the acquisition of a 12-unit multifamily property located in the West Rogers Park neighborhood of…
Berkadia provides $23 million in financing for Michigan apartment complex
Berkadia provided $23.12 million in financing for Ashford Apartments, a garden-style multifamily property in Shelby, Michigan. Senior Managing Directors Colin Callaghan and Peter Benedetto of…
Marcus & Millichap closes sale of 23-unit apartment property in Elgin
Marcus & Millichap arranged the sale of a 23-unit apartment property located in Elgin, Illinois, according to Steven D. Weinstock, regional manager of the firm's…
Sales begin at JK Equities’ West Loop condo project, 1400 West Monroe
New York-based JK Equities has launched sales for 1400 West Monroe, a 42-unit, boutique condominium building coming to the West Loop. Construction of the seven-story …