property type: Multifamily

REBusiness Online Dwelle Properties has bought from an undisclosed seller the 72-unit Madison Throop Place apartments in Chicago for $32.8 million, or $455,556/unit. The two-building property, at 1247-1249 West Madison St., was developed in 2016 and has a mix of ...

Dallas Business Journal Mill Creek Residential is building a 280-unit residential project in Dallas. The five-story property, dubbed Modera Trinity, is being planned for almost two acres along the banks of the Trinity River, on Beckley Avenue near West Commerce ...

Cohen-Esrey Real Estate Services has paid $17.2 million, or $98,851/unit, for the 174-unit Level at Tall Oaks apartment property in the Atlanta suburb of Conyers, Ga. The Overland Park, Kan., apartment specialist bought the 42-year-old property, at 348 Tall Oaks ...

The median monthly asking rent for a Manhattan apartment unit was $2,990 in the third quarter, according to StreetEasy.com. That's down 7.8 percent from last year. The city's apartment vacancy rate has been estimated to be as high as 11 ...

Southwood Realty has paid $41 million, or $167,347/unit, for the 245-unit Lodges at Lake Wylie apartment property in Lake Wylie, S.C., some 20 miles southwest of Charlotte, N.C. The Gastonia, N.C., investor bought the property from McAdams Homes of Wilmington, ...

Hartford Business Journal The Hartford, Conn., Planning and Zoning Commission has approved Dakota Partners' plans for a 180-unit apartment property at 330 New Park Ave. in Hartford. Dakota Partners, a Waltham, Mass., developer, plans on constructing three, four-story buildings at ...

Crain’s New York Business Arker Cos. has filed plans to construct a 194-unit affordable-housing building in the Far Rockaway section of Queens, N.Y. The 17-story building at 5123 Beach Channel Drive also will have 22,000 square feet of commercial space ...

Knighthead Funding has provided $26.5 million of construction financing for the Cascade, a 113-unit residential condominium project in Austin, Texas. The property, at 2500 Longview St. in the West Campus area of the city's downtown, is being developed by Pearlstone ...

Baltimore Business Journal A venture of Fernau LeBlanc Investment Partners and John B. Levy & Co. has paid $30.6 million, or about $120.91/sf, for a 253,079-square-foot office complex in the Baltimore suburb of Columbia, Md. It bought the six-building property ...

Bisnow Gilbane Development Co. has broken ground on the 978-bed Tempo student-housing project in College Park, Md. The company plans on completing the 296-unit building in 2022. The project, at 8430 Baltimore Ave., sits on a two-acre site that formerly ...