The Real Deal Vladimir Novakovic, the owner of Terranova Property, has paid $30 million, or $135,135/unit, for the Eclipse at 1450 apartment complex in the Chicago suburb of Mount Prospect, Ill. The Rolling Meadows, Ill., investor acquired the 222-unit property, ...
To facilitate the latest deal, Northmarq originated a $60.77 million Fannie Mae loan, which requires only interest payments for part of its seven-year term. The new financing takes out a $53.6 million Fannie loan that's securitized through FNA, 2020-M34. That ...
REBusiness Online Accelerated Global Solutions has agreed to prelease the entire O'Hare Logistics Center 16, a 190,606-square-foot industrial building that's under development in Mount Prospect, Ill. The air cargo and freight company was represented by Colliers, while CBRE represented the ...
TLC Management has paid $60.1 million, or $313,020/unit, for the 192-unit Maple Street Lofts in Mount Prospect, Ill. The Chicago company purchased the property from local developer Wingspan Development Group. Maple Street Lofts, at 207 South Maple St., opened in ...
Crain's Chicago Business TLC Management has paid $60.1 million, or $313,020/unit, for the 192-unit Maple Street Lofts in Mount Prospect, Ill. The Chicago company purchased the property from local developer Wingspan Development Group. Maple Street Lofts, at 207 South Maple ...
Crain's Chicago Business Wingspan Development Group is offering for sale a portfolio of three apartment properties with a combined 327 units in Mount Prospect, Ill., about 24 miles northwest of Chicago. Berkadia has the listing for the properties, which can ...
Standard Communities of New York purchased the property from David Katz, a local landlord. Katz had acquired it in 1999 for $10.6 million. The U.S. Department of Housing & Urban Development and the Illinois Housing Development Authority provided loans totaling ...
Crain's Chicago Business Standard Communities has paid $58.8 million, or $274,766/unit, for Huntington Towers, a 214-unit age-restricted apartment property in Mount Prospect, Ill. The New York company purchased the property from David Katz, a local landlord. Katz had acquired it ...
REBusiness Online A venture of PCCP LLC and Stotan Industrial is planning to build a 100,400-square-foot industrial property at 350 North Wolf Road in Mount Prospect, Ill., about 23 miles north of Chicago. Signature Bank provided construction financing, terms of ...
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