JLL Arranged the Refinancing of the 444-unit Multifamily Community on Park Drive in Chicago
JLL Capital Markets announced that it has closed the $127 million refinancing of 465 N. Park Drive, a 444-unit, multifamily project located in the Streeterville neighborhood of downtown Chicago.
JLL represented the borrower, a joint...
McShane Construction Company Selected to Build Affordable Housing Residence Canyons in Madison Wisconsin
McShane Construction Company was selected by repeat client Lincoln Avenue Communities to build Canyons, a 60-unit affordable housing residence in Madison, Wisconsin.
“We’re excited to partner with Lincoln Avenue Communities on another project,” shared Alison...
Inland Fully Subscribes $46M Illinois Senior Housing DST Offering Algonquin Senior Living
Oak Brook, Illinois-based Inland Private Capital Corporation (IPC) has completed a more than $46 million capital raise for the private investment offering of Algonquin Senior Living DST, an IPC-sponsored Delaware statutory trust.
The DST owns...
Farbman Group Launches Student Housing Venture Campusville
Farbman Group, a full-service commercial real estate firm, announced the launch of Campusville, a comprehensive student housing, property management, maintenance, development, construction and investment sales platform. With the landscape of higher education evolving rapidly,...
Interra Brokers Sale of Trio of Buildings on Grand Avenue in the Chicago Suburb...
Interra Realty brokered the sale of three multifamily properties all near each other on Grand Avenue in River Grove, Illinois, a near western suburb of Chicago, to two separate ownership groups.
A two-property, 12-unit portfolio...
CIBC Announces Newest Affordable Housing Project Thrive on King in Downtown Milwaukee Wisconsin
CIBC announced its involvement in the Thrive on King project, a historic adaptive reuse initiative that will transform a former department store building into 90 units of affordable housing in downtown Milwaukee.
"We are excited...
Evergreen Real Estate Group Completes 120-Unit Affordable Assisted Living Community Green Oaks of Goshen...
Evergreen Real Estate Group announced the completion of Green Oaks of Goshen, a four-story, 120-unit assisted living community for low-income seniors in Goshen, Indiana. Evergreen Construction Company, a division of Evergreen Real Estate Group,...
RMK Management Named Property Manager for 2 Rental Communities in Illinois, Oak and Elm...
RMK Management Corp., one of the Midwest’s largest market-rate apartment management firms, has been selected by Churchill Living as property manager for two rental communities in central Illinois effective March 1: Elm Point Apartments,...
Red Oak Capital Holdings Provides $4M for Indianapolis Multifamily Makeover at Bon Air Apartments
Red Oak Capital Holdings, LLC has provided a $4-million bridge loan for the Bon Air Apartments, a multifamily complex located in Indianapolis, Indiana. The funds will be used to pay off an existing loan...
Merchants Capital Provides More Than $103M in Financing for the Rehabilitation of Affordable Island...
The Chicago office of leading financial services provider Merchants Capital announced that it provided more than $54 million of debt and $49 million in Low-Income Housing Tax Credit (LIHTC) equity financing for the rehabilitation...
Willow Bridge Presents Solverre, 303 Rentals Now Leasing in Chicago’s Uptown Neighborhood
Willow Bridge announces a new 303-unit multifamily development in Uptown Chicago, Solverre, is now pre-leasing and scheduled to open its doors this spring.
Situated at 4600 N Marine Drive, Solverre is just steps from Uptown’s...
JLL Advised on the Sale of the 85-unit / 290-bed Salisbury Campus Apartments in...
JLL Capital Markets announced that it closed the sale of Salisbury Campus Apartments, a five-building, 85-unit / 290-bed student housing community located near the campus of Purdue University in West Lafayette, Indiana.
Built from 1983...
Habitat Begins Pre-Leasing at Cassidy on Canal, the Newest Luxury Rental High-Rise in Chicago’s...
Chicago-based Habitat, a leading U.S. multifamily developer and property manager, announced pre-leasing is underway for Cassidy on Canal, a new 33-story, 343-unit Class A rental tower at 350 N. Canal St. in Chicago’s Fulton...
CEDARst Refinances the 260-Unit Duncan Apartments Building in Chicago and Pays Off First Mortgage...
CEDARst Companies, a Chicago based developer, has refinanced the Duncan Apartments, located at 1515 W. Monroe Street, with a $44,000,000 CMBS loan from Citigroup, arranged by Berkadia.
The first mortgage loan for Duncan Apartment is...
Lynd Opens Decorated Models for Home at Ashcroft, a New Build-to-Rent Community with 178...
Lynd, a national real estate development and property management firm, announced the opening of its two decorated models for Home at Ashcroft, a new build-to-rent (BTR) planned community at 137 Dorset Avenue in Oswego,...
