Limited supply, strong demand boosts Chicago-area multifamily sector
Demand remains strong and rents are still rising in Chicago’s multifamily market, even as this sector faces increasing concerns in other parts of the country.
multifamily
Northmarq closes $31 million multifamily sale in Sheboygan
Northmarq’s Midwest Investment Sales team led by Alex Malzone, Jake Lamb, Parker Stewart and Dominic Martinez brokered the $31 million sale of Harbor Estates, a 186-unit garden-style multifamily community located at…
Inland completes equity raise for QOZ project in downtown St. Paul
Inland Real Estate Investment Corporation completed the approximately $28 million equity raise for Office Conversion Opportunity Zone, LLC, a private real estate investment vehicle structured to qualify…
Interra Realty closes $2 million sale of Chicago apartment building
Interra Realty brokered the $2.135 million sale of 1433 W. Ardmore Ave., a 13-unit multifamily building in Chicago’s Edgewater neighborhood. The transaction equates to $164,230…
Essex Realty Group closes $4 million sale of multifamily property in Chicago’s Logan Square neighborhood
Essex Realty Group, LLC closed the $4 million sale of 1837–59 N. Spaulding Avenue, a 41,656-square-foot residential development site located at the corner of Spaulding…
RMK Management tackling leasing, property management duties for Chicago’s The Bellwether multifamily community
RMK Management Corp. has been hired to oversee leasing and property management for The Bellwether, a 14-story, 117-unit rental community in Chicago’s Loop neighborhood that is…
Cushman & Wakefield brokers sale of 280-unit apartment community in Oswego
Cushman & Wakefield brokered the sale of Springs at Oswego, a 280-unit apartment community in Oswego, Illinois, one of Chicago's fastest-growing western suburbs. Cushman &…
Tackling the affordability problem in a tourist mecca: Drever Partners converts Branson hotel into workforce housing
Branson, Missouri, is famous for its live entertainment and steady stream of tourists. It’s home to stage shows, wax museums and miniature golf courses. But…
Concord Capital acquires nine-building multifamily portfolio in Chicago’s Lakeview neighborhood
Concord Capital acquired the Elaine Place portfolio, nine apartment buildings totaling 182 units and 105 parking spaces along the 3400 block of North Elaine Place…
Northmarq closes refinance for 342-unit multifamily community in Houston
Northmarq’s Houston Debt + Equity team led by Warren Hitchcock and Taylor Phillips successfully secured the refinancing for The Mill Residences, a 342-unit mid-rise multifamily community located at 2315 Navigation Blvd.…