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Industry News

Stay current with the latest news in the income property industry.


Chestnut Place on Gold Coast of Chicago Gets New Owners

Dec 13, 2017

Our multi housing news today comes from Chicago, Illinois, where CIM Group recently announced that it has bought the 30-story, 280-unit Chestnut Place apartment complex in a joint venture with Golub & Company. This property, which is located on W. Chestnut Street, also offers retail space on...

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Apartment News from Atlanta and California

Dec 12, 2017

In the latest multihousing news from Atlanta, Gilbane Building Co. has recently topped out its new 267-unit luxury apartment complex at 1000 Park Avenue. Work on this project, which is situated in the Buckhead neighborhood and is being developed by Wood Partners, started last December and is...

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Chaldean Foundation to Build $30 Million Mixed Use Project

Dec 11, 2017

Today’s multihousing news comes from Macomb, Michigan, where The Chaldean Foundation is getting ready to start building a mixed-use project at a cost of $30 million in Sterling Heights over the course of next year. It also plans to significantly enlarge the community center it constructed in the...

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Multi Housing News from Virginia and Las Vegas

Dec 8, 2017

In breaking multi family news from Virginia, CIM Group recently purchased the 1,180-unit EOS Twenty-One apartment complex in Alexandria. The community is made up of 14 five- and four-story structures on a 30-acre piece of land. Its location places it within four miles of Old Town Alexandria,...

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Vesper Buys Second Student Housing Community Near USF

Dec 7, 2017

In the latest student housing news from Florida, Vesper Holdings recently bought The Social at South Florida in the city of Tampa. The company, which is a privately-owned property investor from New York City, owns close to 17,000 student beds after the latest deal. Vesper has bought a total of...

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This blog is for informational purposes only, and is not an advertisement for a product or service. The accuracy and completeness is not guaranteed and does not constitute legal, financial, or tax advice. Please consult with your own legal, financial, and tax advisors.

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