Wisconsin

Nicholas & Associates Named General Contractor for Aster Flats in Madison, Wisconsin

by Lynn Peisner July 22, 2026

MADISON, WIS. — Double Eagle Development and Moyer Properties have selected Nicholas & Associates as the general contractor for Aster Flats, a 263-unit luxury development in Madison. Nicholas & Associates will break ground Aug. 18 on the ground-up development, with construction occuring in phases across the three buildings. Designed by HKM Architects + Planners, Aster Flats will offer studio, one-, two- and three-bedroom floor plans. Amenities include a community lounge, entertainment kitchen, fitness and yoga center, pet grooming stations, a heated outdoor pool, keyless building entry, a secure package room …

July 22, 2026

Affordable Housing Development Midwest News Wisconsin

McShane Construction, Lincoln Avenue Communities Underway on Affordable Housing Development in Madison, Wisconsin

by Lynn Peisner July 20, 2026

MADISON, WIS. — Lincoln Avenue Communities and McShane Construction Co. are building Timberline Terrace, a 93-unit affordable housing community in Madison. The development is located at 4504 Verona Road on a 1.1-acre site. Units will be offered in one-, two- or three-bedroom floor plans. According to Dane County, rents are capped at 30, 50 or 80 percent of county median income (CMI). Nineteen units will be reserved for households experiencing homelessness. Amenities include a 4,000-square-foot plaza that features a playground, grills, a lounge, community room and fitness area. Knothe & …

July 20, 2026

Finance Midwest News Wisconsin

Priority Capital Advisory Arranges $11.5M Refinancing of Former Hotel in Madison, Wisconsin

by Lynn Peisner July 13, 2026

MADISON, WIS. — Priority Capital Advisory has arranged an $11.5 million loan for the refinancing of Vivo Madison, a 153-unit property at 517 Grand Canyon Drive in Madison. The borrower is a joint venture between REALM and OTR Real Estate. The partners acquired Vivo in April 2023, at which time the property was a Radisson Hotel. OTR specializes in the conversion of hospitality assets to multifamily. Since 2023, the owners have added kitchenettes to all the units and built out the amenity spaces. Vivo received its certificate of occupancy in …

July 13, 2026

Build-to-Rent Investment Sales Midwest News Wisconsin

CBRE Arranges $7.1M Sale of Bayside Townhomes in Kenosha, Wisconsin

by Lynn Peisner June 29, 2026

KENOSHA, WIS. — CBRE has arranged the $7.1 million sale of Bayside Townhomes, a 32-unit community in Kenosha. Campbell Creek Communities LLC was the buyer, and Bayside Townhomes LLC was the seller. CBRE’s Matson Holbrook, Gretchen Richards and Sean Beuche represented the seller in the transaction. Bayside Townhomes is located at 1523 Sheridan Road. The property features three-bedroom floor plans averaging 1,500 square feet. Unit amenities include private entrances, attached garages, patios and balconies and in-unit washers and dryers. The property was 100 percent occupied at the time of sale. …

June 29, 2026

Investment Sales Midwest News Wisconsin

CBRE Arranges Sale of Trail’s Edge in West Bend, Wisconsin

by Lynn Peisner May 19, 2026

WEST BEND, WIS. — CBRE has arranged the sale of Trail’s Edge Apartments, a 120-unit property in West Bend, about 40 miles north of Milwaukee. Wisconsin Lakefront Property Management LLC acquired the asset for an undisclosed price from an affiliate of American Construction Services, the property’s original developer, which completed Trail’s Edge in 2022. CBRE’s Sean Beuche, Matson Holbrook and Gretchen Richards represented the seller in the transaction. The property features one‑and two‑bedroom floor plans and such amenities as a fitness center, gazebo, picnic area, a community room, keyless building …

May 19, 2026

Midwest News Operations Wisconsin

RMK Tapped to Manage Two Wisconsin Properties Owned by Santefort Real Estate Group

by Lynn Peisner March 30, 2026

PLEASANT PRAIRIE, WIS. — Illinois-based Santefort Real Estate Group has selected RMK Management Corp. to manage two recently purchased communities in Pleasant Prairie, about 37 miles south of Milwaukee. The communities, Cobblestone Creek and Fountain Ridge, are both fully occupied. Completed in 2013, Cobblestone Creek is located at 9300 Prairie Ridge Blvd. and is comprised of 164 studio, one-, two- and three-bedroom units. Fountain Ridge is located at 8929 83rd St., one mile south of Cobblestone Creek, and contains 174 studio, one- and two-bedroom units as well as 88 direct-access …

March 30, 2026

Investment Sales Midwest News Wisconsin

MLG Capital Sells Douglas Terrace in Racine, Wisconsin, for $23M

by Lynn Peisner March 23, 2026

RACINE, WIS. — Northmarq has arranged the $23 million sale of and acquisition financing for Douglas Terrace Apartments in Racine. Northmarq’s Chicago-based investment sales team led by Alex Malzone, Parker Stewart, Dominic Martinez and Jake Lamb represented seller Wisconsin-based MLG Capital. The buyer was a private capital group from Illinois. A debt and equity team led by Brett Hood and Kevin McCarthy arranged an $18.3 million Fannie Mae loan for the buyer. Douglas Terrace Apartments is a 202-unit garden-style community located at 3706 Douglas Ave. Built in 1966 and renovated …

March 23, 2026

Investment Sales Midwest News Wisconsin

CBRE Arranges Sale of Sage on Prospect in Milwaukee

by Lynn Peisner March 20, 2026

MILWAUKEE — CBRE has arranged the sale of Sage on Prospect, a 34-unit community in Milwaukee’s Lower East Side neighborhood. The asset traded for approximately $8.3 million. CBRE’s Sean Beuche, Matson Holbrook, Gretchen Richards and Patrick Gallagher represented the seller, locally based Dominion Properties in the transaction. Three Sixty Real Estate Solutions, headquartered in La Crosse, Wisconsin, was the buyer. Dominion Properties purchased the asset in 2014 and embarked on a redevelopment project that converted a 1961-built assisted living facility into a LEED Platinum-certified multifamily community. The redevelopment included the …

March 20, 2026

Berkadia Finance Investment Sales Midwest News Wisconsin

Santefort Real Estate Group Buys Two Wisconsin Properties for $69 Million

by Lynn Peisner February 23, 2026

PLEASANT PRAIRIE, WIS. — Berkadia has arranged the sale of two properties, Cobblestone Creek and Fountain Ridge, in Pleasant Prairie, Wisconsin, a village about 37 miles south of Milwaukee and 56 miles north of Chicago. The buyer was Illinois-based Santefort Real Estate Group. The undisclosed seller was represented by Pete Evans of Berkadia Chicago and Richard Evans of Berkadia Milwaukee. The deal closed on Feb. 11, at which time both properties were fully occupied. Laura Cathlina, Chris Blechschmidt and Emily Stang of Berkadia Chicago arranged approximately $69 million in acquisition financing …

February 23, 2026

Affordable Housing Development Finance Indiana Michigan Midwest News Wisconsin

Cinnaire Closes on $134 Million LIHTC Fund Backing 12 Affordable Housing Developments

by Lynn Peisner January 21, 2026

LANSING, MICH. — Cinnaire, a Lansing-based affordable housing investment nonprofit, has closed a $134 million Low-Income Housing Tax Credit (LIHTC) fund that will finance 12 affordable housing developments in five states. Examples of the new construction and redevelopment projects that Fund 44 will support include: Chamberlain House. A new-construction, 40-unit development in Rochester, Indiana. The developer is Housing Directions and Village Management Co. East Bay Flats. An acquisition-rehabilitation project in Traverse City, Michigan, this 64-unit community will support individuals who are at risk of homelessness. On-site supportive services, including substance-use …

January 21, 2026

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