ShainRealty Capital, a Los Angeles privately-owned real estate investment firm, has sold a 96-unit Chicago apartment building, known as Madison Terrace, for $11 million. The transaction marked the firm’s last holding in the Chicago multifamily market. Interra Realty’s Lucas Fryman…
The Urban Land Institute Chicago (ULI) has released a new report that calls on the city to take bold measures to reduce the amount of greenhouse gas emissions from buildings. ULI Chicago brought together 50 area stakeholders, including industry experts,…
Northeastern University received approval from the Boston Planning and Development Agency board for a 23-story tower on Columbus Avenue, accommodating up to 1,370 students, Boston Business Journal reported. Additionally, The Druker Co. Ltd. gained approval for two connected lab-and-office buildings at 1033-1055…
Pennrose Development along with Atlanta Housing will soon begin work on the second phase of Herndon Square. The project will deliver another 170 units of affordable housing to the city and as well as 31 market rate units, located one…
Ziegler, a specialty investment bank based in Chicago, was the exclusive financial advisor in the sale of a skilled nursing facility with more than 100 beds in a northern neighborhood of Chicago. Acting as the advisor to a non-profit Illinois-based…
This is the fourth in a series of articles discussing the student housing sector. “Analyzing Debt, Equity and Student Housing,” “Student Housing in 2023: Stagnation? Or Continued Investor Interest?” and “Educational Overview: Student Housing vs Multifamily” are live and available…
Amid an overall four-basis-point decline in CRED iQ’s distress rate, multifamily posted an 80-bp increase in February, the analytics firm reported. It was the largest monthly increase in that sector in more than 18 months. As an example of issues…
Toro Development Company (TDC) has a lot to do before it can get moving on an ambitious mixed-use project in the Johns Creek NE of Atlanta. Toro spent $44 million on 43 acres that currently feature a four-story building, a…
Bosa Development, a Vancouver-based development firm, has proposed new plans to transform parts of the Lake Washington shoreline in Renton. Bosa unveiled its vision for a mixed-use waterfront campus that includes 23-story condominium towers with approximately 850 condominiums, reported the…
Walker & Dunlop, Inc. has originated $65,731,000 in 232/223(f) and 241(a) HUD loans for seven skilled nursing facilities and memory care centers across Illinois and Wisconsin between October 2023 and February 2024. Walker & Dunlop’s Midwest FHA Finance team, led…
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