Midwest

REBusiness Online Colliers Mortgage has provided a $32.5 million loan under the U.S. Department of Housing and Urban Development's section 223(a)(7) for the 204-unit Third North apartment property in Minneapolis. Third North LLC owns the six-story property, at 800 North...

Crain's Chicago Business Silver Creek Development has paid $130 million, or $65/sf, for three industrial buildings totaling 2 million square feet in Wilmington, Ill. The Beverly Hills, Calif., developer purchased the buildings, which are part of the Elion Logistics Park...

REBusiness Online Four Springs Capital Trust has paid $12.9 million, or $56.82/sf, for the 227,028-square-foot industrial building at 1411 Campbell St. in Toledo, Ohio. The Lake Como, N.J., management and development company purchased the property from Phoenix Toledo Industrial Investors...

Multi Housing News JT Klein Co. has secured $29.3 million of financing for the development of the Limestone Ridge Apartments, a 116-unit affordable-housing project in Fitchburg, Wis. KeyBank Community Development Lending and Investment has provided a $16 million construction loan,...

Louisville Business First Capstone Apartment Partners is marketing for sale the 286-unit 800 Tower City Club Apartments in Louisville, Ky. A Chicago developer calling itself City Club Apartments owns the 29-story property, at 800 South 4th St., which opened in...

St. Louis Business Journal Pier Property Group has started the third and final phase of the 105-unit Mill Creek Flats Luxury Apartments at 812 South Theresa Ave. in St. Louis. The developer plans to have the project finished during in...

Minneapolis/St. Paul Business Journal Timberland Partners has paid $43.3 million, or $189,912/unit, for the 228-unit Vista at South Broadway apartments in Rochester, Minn. The Minneapolis investor purchased the 12-building property from an affiliate of Continental Properties. The two-story complex, at...

Crain's Chicago Business Crescent Real Estate LLC is offering for sale 415 Premier, a 221-unit apartment building in the Chicago suburb of Evanston, Ill., for the second time since 2018. The Fort Worth, Texas, investor hired CBRE's Chicago office to...

Midwest Industrial Funds is planning two industrial buildings with a total of 428,000 square feet in Palatine, Ill. The Oak Brook, Ill., developer will build the two, Palatine Corporate Center, on a 25-acre site at 1 Sellstrom Drive. It recently...

Ambrose Property Group has sold the Mount Comfort Logistics Center, a 660,384-square-foot industrial facility in the Indianapolis suburb of Greenfield, Ind., for an undisclosed price. The building is the first for a 2.7 million-sf complex that Ambrose, of Indianapolis, is...