Midwest

Fox-Run-St-Charles
IllinoisInvestment SalesMidwestNews

Eastham Capital, Bender Cos. Acquire Fox Run in Chicago Suburb for $32.4M

by Lynn Peisner

ST. CHARLES, ILL. — Eastham Capital, along with operating partner Bender Cos., has acquired Fox Run Apartments, a 220-unit property in St. Charles, 40 miles west of Chicago. Birmingham, Michigan-based real estate investment firm M Group, in partnership with Chicago-based RUME Capital, sold the asset for approximately $32.4 million. Fox Run Apartments was built in 1973 and is a four-building community made up of one-, two- and three-bedroom units along with a pool, picnic and grilling areas, package lockers, laundry facilities and off-street parking. Monthly asking rents currently average $1,703, …

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Thompson-Oaks-St-Paul
DevelopmentFinanceMidwestMinnesotaNews

Greco, Swervo Secure $76.3M for 291-Unit West St. Paul Development

by Lynn Peisner

WEST ST. PAUL, MINN. — Greco and Swervo Management have obtained $76.3 million in financing to develop Thompson Oaks, a 291-unit project in West. St. Paul. Thompson Oaks is the first phase of a larger redevelopment of the former West St. Paul YMCA and adjacent city-owned land, which has sat largely vacant since Hy-Vee demolished the YMCA in 2020 and later abandoned plans for a grocery store. The financing package includes a $63 million, four-year, floating-rate loan through First International Bank & Trust and $13.3 million in equity from WhiteStar …

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Cudahy-Commons-Wisconsin
Investment SalesMidwestNewsWisconsin

Peak Capital Acquires Cudahy Commons in Metro Milwaukee for $18.1M

by Lynn Peisner

CUDAHY WIS. — Greysteel has arranged the $18.1 million sale of Cudahy Commons, a 142-unit property at 2810 E. Edgerton Ave. in Cudahy, 7 miles south of Milwaukee. Greysteel represented the seller, an unnamed private investor. Peak Capital acquired the asset. Greysteel’s team was comprised of BJ Connolly, Doug Banerjee and Ryan Carter. Amenities include a pool, fitness center, clubhouse and dog park. According to Apartments.com, the community offers one- and two-bedroom units and was developed in 1978.

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Cascade-Apartments-Rochester
Investment SalesMidwestMinnesotaNews

Cushman & Wakefield Brokers $7.3M Sale of Cascade Apartments in Rochester, Minnesota

by Lynn Peisner

ROCHESTER, MINN. — Cushman & Wakefield has arranged the $7.3 million sale of Cascade Apartments in Rochester. Patina Management was the seller, and Black Swan Living was the buyer. Cushman & Wakefield’s Chris Collins, Lance Steiger, Evan Miller and Erin Salway represented Patina in the transaction. Located at 957 Pendant Lane NW, Cascade Apartments was developed in 2016 and is comprised of studios, one- and two-bedroom units. The property, about 4 miles northwest of the Mayo Clinic, features in-unit washers and dryers, electric vehicle charging stations and outdoor gathering spaces. …

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Belmora-Chicago
DevelopmentIllinoisLeasing & MarketingMidwestNews

Cross Street, Mavrek Launch Leasing at Chicago’s Belmora

by Lynn Peisner

CHICAGO — Cross Street and Mavrek have begun preleasing at Belmora, a 46-unit community at 919 W. Belmont Ave. in Chicago’s Lakeview neighborhood that includes 5,700 square feet of ground-floor retail space anchored by Studio Three, a locally based fitness company. A second building at 917 W. Belmont Ave., will be completed later this year and will include an additional 46 apartments and 5,3000 square feet of ground-floor retail space, anchored by Foxtrot Café & Market. The community offers studios through two-bedrooms with monthly asking rents ranging from $2,095 to $4,875. …

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1515-N-Fremont-Chicago
IllinoisInvestment SalesMidwestNews

Marcus & Millichap Arranges $20.4M Sale in Chicago’s Lincoln Park

by Lynn Peisner

CHICAGO — Thesis Investment Group has sold 1515 N. Fremont Street in Chicago’s Lincoln Park neighborhood to Beal Properties for $20.4 million. Marcus & Millichap’s Kyle Stengle represented the seller and procured the buyer. The 98-unit property, built in 2016, includes approximately 4,000 square feet of commercial space and features a lounge, barbecue and picnic areas, indoor bike storage, package lockers and controlled access.

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Springs-Oswego
IllinoisInvestment SalesMidwestNews

JVM Acquires 280-Unit Community in Oswego, Illinois

by Lynn Peisner

OSWEGO, Ill. — JVM Realty Corp. has acquired Springs at Oswego, a 280-unit luxury community in Oswego, 48 miles west of Chicago. The asset was purchased from Continental Properties and brokered by Cushman & Wakefield. JVM Realty has rebranded the property from Springs at Oswego to Trillium at Oswego. The purchase price was not disclosed. Located at 801 Fifth Street, the gated community was completed in 2019 and features townhome-style design across two-story residential buildings. The property offers studio, one-, two- and three-bedroom floor plans. Amenities include a heated pool, …

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Riverwood-Mauston
Investment SalesMidwestNewsWisconsin

Tripp & Associates Acquires Riverwood Apartments in Wisconsin for $4M

by Lynn Peisner

MAUSTON, WIS. — CBRE has arranged the sale of Riverwood Apartments, a 32-unit community in Mauston, 74 miles northwest of Madison, Wisconsin. Tripp & Associates was the buyer, and the seller was an entity doing business as Riverwood Apartments LLC. The sales price was approximately $4 million. CBRE’s team representing the seller was led by Sean Beuche, Max Colby, Matson Holbrook and Gretchen Richards. Riverwood, built in 1994, is comprised of four two-story buildings on approximately 3.2 acres along the Lemonweir River. Units are offered in one-, two- and three-bedroom …

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The-Quarry-Fox-Lake
Company NewsIllinoisMidwestNewsOperations

Daniel Management Group Selected to Manage The Quarry in Fox Lake, Illinois

by Lynn Peisner

FOX LAKE, ILL. — Daniel Management Group (DMG), a Chicago-based multifamily investment and property management firm, has been selected by Sterling Hall Capital to manage The Quarry, a 154-unit community under construction in Fox Lake, 54 miles north of Chicago. The first units will be complete later this year.

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Bee-Creek-Branson
Investment SalesMidwestMissouriNews

LLC Buys Bee Creek in Branson, Missouri, for $26.3M

by Lynn Peisner

BRANSON, MO. — On July 28, an entity doing business as 200 Bee Creek LLC acquired Bee Creek Apartments in Branson for $26.3 million. The property, located at 200 Buzz St., features one- and two-bedroom units with in-unit washers and dryers and private patios or balconies. Amenities include a pool, barbecue and picnic areas, basketball court, fitness center, a clubhouse and a movie theater.

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