Related Midwest refinances West Loop apartment tower with $105M loan

California investor picks up distressed South Side office building 5/11/2018 – More investors are looking at opportunities to buy mid-sized office buildings in Los Angeles.. Harbor Closes Distressed Southern California Office Foreclosure in 21 Days. 12/19/2016 – LONG BEACH, Calif., Dec. 19, 2016 /PRNewswire/ — Harbor Associates, LLC ("Harbor") has.

Columbia Realty Venture, LLC, an affiliate of Bernstein Management Corporation, sold the watergate village apartment community to Elie Rieder, CEO of castle lanterra properties, for $105 million..

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Related Midwest and its partner recouped their original equity investment and then some by refinancing a new 500-unit Lake Shore Drive apartment tower with a $175 million loan.

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Related Midwest Begins Pre-Leasing at landmark west loop Apartments in Chicago’s West Loop March 24, 2017. Related Midwest today announced the start of pre-leasing at Landmark West Loop, the developer’s 30-story, 300-unit luxury rental tower at 1035 W. Van Buren St. in Chicago’s West Loop.Related expects to top-off the tower later this month, with first occupancy planned for August 2017.

Judging by the falling number of loan delinquencies. started driving up prices on some of Chicago’s top apartment buildings and office towers. One such property is the Hyatt Center in the West Loop.

James Kutill, vice president at Appraisal Research Counselors, says." The venture redeveloping the former Stateway Gardens public housing project on the South Side is preparing to start its next phase, which will include 108 apartments and cost $41 million.

Hyatt Place Project in Times Square Lands Financing Centennial Bank provided Schwartz with a $46.9 million building loan and a $566,395 project loan for the new building, records show. In 2013, schwartz filed plans for the seven-story building, which.

Developer Related Midwest, owned by Related Cos., has proposed two separate residential towers in the West Town neighborhood, West Loop, Chicago. Related Midwest unveiled a 58-story apartment and hotel tower at 725 W. Randolph St. The tower will have 370 apartments, restaurants, and a 165-room Equinox hotel and health club.

Constructed in 2006, the 8,000-square-foot building is home to women’s clothing store Annie Sez and was sold by New York REIT Inc. According to a released statement, the asset was encumbered by a.

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