Monday, January 13, 2025
Read the Digital Magazines Subscribe to the Newsletter

Midwest

The Edison in Milwaukee
DevelopmentFinanceMidwestNewsWisconsin

The Neutral Project Secures $133.3 Million in Construction Financing for The Edison in Milwaukee

by Channing Hamilton

MILWAUKEE — Madison, Wisconsin-based developer The Neutral Project has secured $133.3 million in construction financing for The Edison, a 378-unit project located at 1005 North Edison St. in Milwaukee. Mike Brady, Tara Hagerty and Merrick Evans of JLL Capital Markets arranged the senior financing through Bank OZK and the mezzanine financing through Pearlmark. The Edison will include 308,913 square feet of rentable residential space across 31 stories. The community will offer studio, one-, two- and three-bedroom apartments. Residents will have access to amenities such as a café, fitness center, pool …

Continue Reading
0 FacebookTwitterLinkedinEmail
610 West Apartments in Brooklyn Park, Minnesota
Investment SalesMidwestMinnesotaNews

Spyglass Capital Partners Acquires 610 West Apartments in Suburban Minneapolis

by Channing Hamilton

BROOKLYN PARK, MINN. — Spyglass Capital Partners has acquired 610 West Apartments, a 480-unit community in Brooklyn Park, roughly 15 miles northwest of downtown Minneapolis. JLL Capital Markets represented the seller, The Doran Group, in the transaction. Additionally, JLL secured acquisition financing through Fannie Mae on behalf of the buyer. Josh Talberg and Joseph Peris led JLL’s investment and sales advisory team. Scott Loving, Ken Dayton and Pat McMullen of JLL secured the acquisition financing. Located at 6717 Oak Grove Parkway, 610 West Apartments consists of four buildings. The community …

Continue Reading
0 FacebookTwitterLinkedinEmail
K2 Apartments in Chicago
FinanceIllinoisMidwestNews

Georgetown Co. Receives $113.7 Million Loan for Refinancing of Rental Tower in Chicago

by Channing Hamilton

CHICAGO — Georgetown Co. has received a $113.7 million Freddie Mac loan for the refinancing of K2 Apartments, a 34-story residential tower located at 365 N. Halsted St. in Chicago’s Fulton Market district. Danny Kaufman, Medina Spiodic and Rebecca Brielmaier of JLL arranged the seven-year, fixed-rate loan on behalf of the borrower. Built in 2013, K2 Apartments comprises 496 units in studio, one-, two- and three-bedroom configurations. Amenities include a pool, terrace lounge, movie theater room, concierge services, a dog park and indoor basketball court. Georgetown Co. is an investment …

Continue Reading
0 FacebookTwitterLinkedinEmail
Village Apartments in Forest Lake, Minnesota
Investment SalesMidwestMinnesotaNews

Gaughan Cos. Sells Village Apartments in Forest Lake, Minnesota, for $24.5 Million

by Channing Hamilton

FOREST LAKE, MINN. — Gaughan Cos. has sold Village Apartments, a 252-unit community in Forest Lake, roughly 27 miles northeast of Saint Paul, Minnesota, for $24.5 million. Josh Talberg of JLL Capital Markets brokered the sale. The asset was part of Gaughan’s Minnesota Legacy Apartment Portfolio, which consists of nearly 800 units. The buyer was not disclosed. Situated at 407 11th Ave. SW, Village Apartments was built in 1969. The three-story property offers studios, one- and two-bedroom apartments. Amenities include gated access, laundry facilities, picnic areas, a playground, a pool …

Continue Reading
0 FacebookTwitterLinkedinEmail
ButterflyMX
FeaturesMidwestNortheastOperationsSoutheastTexasWestern

How Tech Upgrades are Expanding Access Control Solutions

by Channing Hamilton

Security is a top priority in the multifamily industry. Monitoring and controlling access to a property protects owners and their residents from the impacts of violent crime, theft, vandalism and trespassing. The benefits of an effective security, monitoring and access system run deep. “Access control is not just about security,” says Roger Solomon, a senior associate at Trio Advisory Group. The company offers consulting services on access control, video surveillance and other technologies for commercial real estate properties. “Access control is also about ensuring convenience for residents and staff, enhancing …

Continue Reading
0 FacebookTwitterLinkedinEmail
Xander on State in Columbus, Ohio
FinanceInvestment SalesMidwestNewsOhio

RM Communities, Crawford Hoying Receive $30.5 Million Acquisition Loan for Xander on State in Columbus, Ohio

by Channing Hamilton

COLUMBUS, OHIO ­— RM Communities and Crawford Hoying have secured a $30.5 million acquisition loan for Xander on State, a 229-unit community located at 265 East State St. in downtown Columbus’s Discovery District. Brian Gaswirth, Jesse Wright, Joshua Odessky and Shane Ciacci of JLL Capital Markets arranged the loan through ACRE. Built in 2020, Xander on State offers a mix of studios, one- and two-bedroom units. Residents have access to amenities including a pool, entertainment area, fitness center and theater room. The property also features 2,681 square feet of ground …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentIllinoisMidwestNews

Synergy Construction Group Completes Station 250 in Mundelein, Illinois

by Channing Hamilton

MUNDELEIN, ILL. — Synergy Construction Group has completed Station 250 in Mundelein, about 40 miles north of Chicago. Synergy served as developer and general contractor. Ware Malcomb provided architecture, interior design and full site planning services for the transit-oriented project. Station 250 consists of 166 apartments across four stories. The property features an outdoor pool and 10,700 square feet of indoor amenities, including a coffee bar reception area, fitness center, yoga room, sauna, golf simulator room and coworking lounge.

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceMichiganMidwestNews

Bernard Financial Group Arranges $22 Million Refinancing for Community in New Baltimore, Michigan

by Channing Hamilton

NEW BALTIMORE, MICH. — Bernard Financial Group (BFG) has arranged a $22 million loan for the refinancing of Aspen Creek Apartments, a 776-unit asset in New Baltimore, about 40 miles north of Detroit. According to Apartments.com, the property features amenities such as a pool, fitness center, laundry facilities, playground, clubhouse, business center and conference rooms. Joshua Bernard of BFG arranged the loan through Securian Life Insurance Co. on behalf of the borrower, Aspen Creek Apartments LP.

Continue Reading
0 FacebookTwitterLinkedinEmail
Company NewsMidwestNewsOhioOperations

TCAM Asset Management Rebrands as MRI Asset Management Services

by Channing Hamilton

SOLON, OHIO — TCAM Asset Management, an affordable housing service provider that was acquired by Solon-based property technology firm MRI Software in 2018, is rebranding as MRI Asset Management Services. The company will continue to provide asset management and consulting services to developers, owners and funders of affordable housing. TCAM Asset Management, now MRI Asset Management Services, was originally established in 2009. The company serves clients for roughly 1,600 properties and 176,000 apartments across 48 states, Washington, D.C. and Puerto Rico.

Continue Reading
0 FacebookTwitterLinkedinEmail
Timber Creek Apartment Homes in Fargo, North Dakota
Investment SalesMidwestNewsNorth Dakota

Gindi Equities Acquires 252-Unit Timber Creek Apartment Homes in Fargo, North Dakota

by Channing Hamilton

FARGO, N.D. — Gindi Equities has acquired Timber Creek Apartment Homes, a 252-unit property located at 4720 Timber Parkway South in Fargo, for an undisclosed price. Gindi Equities purchased the community from Property Resources Group, which will continue to manage and service the asset. Built in 2015, Timber Creek Apartment Homes offers one-, two- and three-bedroom floor plans. Amenities include a playground, beach volleyball court and pergola grilling area. Gindi Equities plans to implement interior upgrades, including the installation of new features and fixtures to apartment kitchens and bathrooms. The …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2025 France Publications, dba France Media Inc.