GLENVIEW, ILL. — Daniel Management Group has taken over management services at Aloft at the Glen Town Center, a 180-unit community in Glenview. Aloft at the Glen Town Center offers amenities such as a fitness center, social room and co-working spaces. Units feature full-size washers and dryers, soaking tubs and self-controlled heating/cooling. The property is located in the heart of Glenview, a city approximately 25 miles north of Chicago.
PLAINFIELD, ILL. — Wingspan Development Group has sold Sixteen30, a 284-unit property in Plainfield, approximately 40 miles southwest of Chicago. The property was 95 percent occupied at the time of sale. Continental Properties was the buyer. Sixteen30 opened in August 2021. Situated at 14750 Wallin Drive, the garden-style community comprises eight buildings surrounding a 7,500-square-foot clubhouse and pool. The clubhouse was designed by Eleni Interiors and includes a great room, coffee bar, fitness center, yoga studio, co-working space, demonstration kitchen, pet spa and package room. Units range from 600 to …
CHICAGO — JLL Capital Markets has arranged the $127 million refinancing of 465 N. Park Dr., a 48-story asset in the Streeterville neighborhood of downtown Chicago. The borrower was a joint venture between MetLife Investment Management and Allstate Investments. JLL represented the borrower to secure the five-year loan through The Northwestern Mutual Life Insurance Co. Danny Kaufman, Mary Dooley, Medina Spiodic, Tara Hagerty and Rebecca Brielmaier led the JLL Capital Markets Debt Advisory team. 465 N. Park Dr. was built in 2018. The property offers 444 units in studio, one-, two- …
OAK PARK, MICH. — Friedman Communities, the management division of Friedman Real Estate, has been selected to manage The Loop on Greenfield in Oak Park, about 14 miles north of Detroit. The property was built in 1965 and features 717 units. Apartments come in studio, one- and two-bedroom layouts. Amenities include a fitness center, playground, pool and courtyard.
OMAHA, NEB. — Sullivan Development Co. has broken ground on Leavenworth Lofts, a 28-unit building in Omaha. Leavenworth Lofts will offer one-bedroom units that average 1,000 square feet in size. Planned amenities include access to concierge housekeeping and a controlled-entrance garage. Penthouse units on the fifth floor will feature secured access and private rooftop terraces. Units on the lower level will be available as a short-term rental option. The property will also feature a gallery that will spotlight rotating exhibits by local artists. The project is slated to deliver in …
NILES, OHIO — Friedman Real Estate has brokered the sale of Timber Creek Apartments, a 305-unit community located at 1223 North Road in the Youngstown, Ohio suburb of Niles. CREG Property VIII LLC purchased the asset from Orem Timber Creek II LLC for $11.5 million. Peter Jankowski, Rich Deptula and Chris Weir represented both the buyer and the seller in the deal.
ST. LOUIS — Brinkmann Constructors has completed 11th and Spruce, a 148-unit complex in downtown St. Louis. The community offers amenities such as a fitness center, clubroom, courtyard, pet spa, dog run and rentable work-from-home space. The property also includes 3,000 square feet of ground-floor retail space. Balboa Real Estate Partners was the developer. TR,i Architects designed the community.
MAPLE GROVE, MINN. — CBRE has arranged the sale of Avery Park, a 124-unit build-to-rent community in the northwestern Minneapolis suburb of Maple Grove. Avery Park offers 42 detached homes averaging 2,262 square feet and 82 townhomes averaging 1,687 square feet. The property was completed in 2023. Curtis Capital Group purchased the asset for an undisclosed price. Ted Abramson, Keith Collins and Abe Appert of CBRE represented the seller, which was also not disclosed.
ST. LOUIS — Berkadia has brokered the sale of Crossing at Northpointe, a 334-unit property in St. Louis. Utah-based Sundance Bay sold the asset to a New Jersey-based buyer for an undisclosed price. Andrea Kendrick, Ken Aston and Bobby Mills of Berkadia represented the seller in the deal. Crossing at Northpointe was constructed in 1972 and renovated in 2021. The community was 94 percent occupied at the time of sale.
CLEVELAND — The Community Builders has opened Woodhill Station West, a 46.4 million affordable housing project in the Buckeye-Woodhill neighborhood of Cleveland. Woodhill Station West offers 120 units, as well as 4,520 square feet of community space. Woodhill Station West is Phase I of the Woodhill Homes redevelopment. The redevelopment, which will occur in six phases, will include approximately 638 homes and public amenities such as outdoor gathering spaces, recreational fields and playgrounds. Woodhill Station West includes 90 replacement homes for existing Woodhill residents. In 2021, HUD awarded a $35 …