News

CHICAGO, IL – CEDARst Cos. has secured an $81.7 million Fannie Mae loan to refinance The Draper, a 342-unit apartment complex in Chicago’s Uptown neighborhood. PGIM’s real estate investment and financing business, PGIM Real Estate provided the loan.

Giordano's deep dish pizza and Portillo's hot dogs aren't the only Chicago export to Minneapolis these days.

Yesterday, hundreds of commercial real estate professionals tuned in for the first annual IREJ Real Estate Awards. The event also honored the career of Jim McShane with a Lifetime Achievement Award.

The 260 units, all studios and one-bedrooms, are positioned as a lower-priced alternative to the increasingly luxury-priced housing options in the neighborhood.

CEDARst Companies has completed the acquisition of two adjoining historic properties and a land site in the North Loop section of Minneapolis and ultimately will redevelop the property as 6th and 3rd, a 345-unit, fully-amenitized multifamily complex.

A Chicago developer paid more than $21 million this week for a pair of warehouses that will become part of a historic rehab project that aims to bring more than 500 rentals and a rooftop ice rink to the North Loop neighborhood in Minneapolis.