Crain’s Chicago Business A venture led by John Novak of Novak Construction has paid $245 million, or $57110/sf, for 42,900 square feet of ground-floor retail space at 162 North State St in Chicago The venture acquired the space from The School...
Crain’s Chicago Business Multi-Employer Property Trust has hired Newmark to market for sale McClurg Court, a 1,061-unit apartment complex in Chicago The two-building property, which stands 45 stories at 333 East Ontario St, is expected to sell...
Crain’s Chicago Business Vista Property Group has lined up $31 million of construction financing from Bank OZK for the development of a 15-story office building at 601-609 West Randolph St in Chicago The loan was arranged by JLL’s...
Crain’s Chicago Business LXG has acquired the 145-unit Holiday Inn and Suites at 506 West Harrison St in Chicago for an undisclosed price The Chicago investor bought the property from a venture controlled by the estate of late Chicago investor...
Multi Housing News Randolph Street Realty Capital has paid $25 million, or $135,135/unit, for 185 previously unsold units at the 240-unit Ashton Condominiums in Arlington Heights, Ill The Chicago investor bought the units from Lawton Realty Group,...
Minneapolis/St Paul Business Journal Mortenson Development is planning a 233-unit apartment complex at 9920 Wayzata Blvd in St Louis Park, Minn The Minneapolis developer received approvals for the development from the St Louis Park Planning...
St Louis Business Journal Michelson Asset Management Inc has paid $307 million, or $150,490/unit, for the 204-unit Bramblett Hills Apartments in O’Fallon, Mo, about 35 miles west of St Louis The St Louis company bought the property, at 1000...
Crain’s Chicago Business Rebel Hospitality is planning a 176-room hotel at 3440 Broadway in Chicago at a cost of $35 million The Chicago developer acquired the seven-story property’s development site two years ago and this week filed an...
Crain’s Chicago Business The 269-unit Lakeview luxury apartment property in Chicago has come to market with an asking price of $125 million, or $464,684/unit The property, at 3740 North Halsted St, was constructed in 2014 and is owned by a...
REBusiness Online Lifestyle Communities has secured a $178 million loan for its acquisition of a multifamily portfolio with 275 units in the Cleveland suburb of Shaker Heights, Ohio Pembrook Capital Management provided the loan The seller of the...
