multifamily

Apartment Investment Advisers brokers South Side multifamily portfolio sale

Apartment Investment Advisers (AIA) recently closed the sale of a three-building, 55-unit apartment portfolio on the South Side of Chicago. The assets, all located in…

MinnesotaFinance

Dougherty closes $12 million in financing for Minnesota affordable apartments

Dougherty Mortgage recently closed a $12.8 million HUD 221(d)(4) loan for the acquisition and substantial rehabilitation financing for multifamily development Unity Place in Brooklyn Center,…

Essex Realty Group brokers sale of 62 units in Kenwood Opportunity Zone

Essex Realty Group, Inc. announced the sale of 4625 S. Drexel Boulevard. The 62-unit apartment building is located in Chicago's Kenwood neighborhood and sold for…

The Residences at Addison & Clark earns LEED Silver Certification

RMK Management announced that The Residences at Addison & Clark, a 148-unit luxury apartment complex located across the street from historic Wrigley Field, has earned…

MissouriMultifamily

Propper Construction’s 5300 Centre Apartments to open this summer

Developed by Propper Construction Services, the luxury 5300 Centre Apartments will open this summer in St. Peters, Missouri.

MinnesotaMultifamily

CBRE sells 108-unit apartment building in Minnesota

CBRE announced that Chicago-based The Habitat Company has closed on the purchase of Cedarvale Highlands, a 108-unit multifamily property at 3908 Cedar Grove Parkway in…

MidwestMultifamily

Mad renters? Blame management and parking

About 34 percent of U.S. adults still rent apartments, according to research from the National Multifamily Housing Council. That's a big swath of the country,…

Wellness goes over well with millennials in multifamily properties

Millennials are expected in 2019 to outnumber baby boomers for the first time in U.S. history, enabling them to further strengthen their grip on the…

Pre-leasing begins for mixed-use, mixed-income Rogers Park development

Pre-leasing for 111 apartments has begun at The Concord at Sheridan, a joint venture of Chicago-based The Habitat Company, Three Corners Development, the Chicago Housing…

American Street Capital provides $5.3M multifamily financing

American Street Capital (ASC) has secured a $5.3 million bridge loan for a 72-unit multifamily complex located in Oak Forest, Illinois. The loan was originated…