Commercial Real Estate Direct Staff Report Apartment Investment and Management Co., or Aimco, which is looking to proceed with its liquidation, has agreed to sell seven suburban Chicago apartment properties with 1,495 units for $455 million, or $304,347/unit. The Denver ...
A venture led by Parag Patel has paid $18 million, or $101,000/room, for the 178-room Hilton Garden Inn in Evanston, Ill. The local hotel investor acquired the property from Magna Hospitality Group of Warwick, R.I., which bought it in 2016 ...
Commercial Real Estate Direct Staff Report PGIM Real Estate has provided $50 million of financing against Trulee Evanston, a seniors-housing property with 160 units in Evanston, Ill. The loan, which pays a floating-rate coupon, was arranged on behalf of the ...
The Real Deal A venture led by Parag Patel has paid $18 million, or $101,000/room, for the 178-room Hilton Garden Inn in Evanston, Ill. The local hotel investor acquired the property from Magna Hospitality Group of Warwick, R.I., which bought ...
Crain's Chicago Business Riverside Investment & Development is offering for sale The Main, a 112-unit apartment property in Evanston, Ill. The Chicago company has hired CBRE to market the property, at 847 Chicago Ave., about 13 miles north of Chicago. ...
The Real Deal PGIM Real Estate has provided $75 million of financing against Park Evanston, a 282-unit apartment property in Evanston, Ill. The loan allows the property's owner, New York Life Insurance, to take out an $88 million mortgage that ...
The Chicago company purchased the apartments from John McLinden and Arthur Slaven. The buyer assumed the $30.7 million Fannie Mae loan against the property. The loan pays a 3.9 percent coupon and is set to mature in 2029.
Crain's Chicago Business TLC Management has acquired Centrum Evanston in Evanston, Ill., in a deal that values the 103-unit apartment property at $45.4 million, or $440,776/unit. The Chicago company purchased the apartments from John McLinden and Arthur Slaven. The buyer ...
Crain's Chicago Business Northwestern Mutual is offering for sale E2, a 352-unit apartment property in Evanston, Ill. The Milwaukee life insurance company hired JLL to market the property, which is expected to fetch bids around $150 million. The property was ...
Crain's Chicago Business Red River Asset Management has paid $28 million, or $143.52/sf, for the 195,098-square-foot office property at 909 Davis St. in Evanston, Ill., about 15 miles north of Chicago. The Lakewood, N.J., company purchased the property from Franklin ...
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