The Real Deal Crescent Heights has paid $80 million, or $404,040/unit, for the 198-unit apartment property at 850 North Lake Shore Drive in Chicago. The Miami developer purchased the property from JPMorgan Asset Management, which had acquired it in 2016 ...
A total of 568,915 square feet of the 857,955-sf property had been encumbered by what originally was an $80 million mortgage that was securitized through COMM, 2012-CCRE2. That loan, long troubled, had for the second time transferred to special servicer Trimont ...
The property had cost $171 million to construct, and in 2019 Deutsche Bank provided a $148 million loan against it.
Crain's Chicago Business A venture of Goldman Sachs and Magnolia Capital is offering for sale the 270-unit Vantage Oak Park Apartments in Oak Park, Ill., about nine miles west of Chicago. The venture has hired CBRE to market the property, ...
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 ...
The 336,527-square-foot office building at 500 North Michigan Ave. in Chicago is expected to be offered for sale in order to resolve its $80 million mortgage. The property is owned by a New York investor group, which had bought it ...
Crain's Chicago Business An affiliate of Range Group is planning to build a 72-unit apartment project at 455 North Carpenter St. in Chicago. The local developer would build the five-story property on the site where an industrial facility currently sits. ...
The Real Deal A venture of Golub & Co. and Alcion Ventures has turned over to its lender Oakbrook 22, a 389,000-square-foot office property in the Chicago suburb of Oak Brook, Ill. Golub, of Chicago, and Alcion, of Boston, in ...
REBusiness Online VISTA Property has opened the Leo, a 168-unit apartment complex in Chicago. The local developer broke ground on the property, at 741 North Wells St., in 2022. The development was financed with a $59.8 million construction loan from ...
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