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DevelopmentMidwestMultifamilyWisconsin

Galway Cos. Underway on 357-Unit Luxury Apartment Complex in Monona, Wisconsin

by Kristin Harlow

MONONA, WIS. — Galway Cos. is under construction on The Greenline, a 357-unit luxury apartment community with 16,000 square feet of ground-floor commercial space in Monona, a suburb of Madison. The broader vision for the development includes a central park with a gathering place for farmers’ markets, food trucks, outdoor concerts, movie nights and community events. The city and the Monona Community Development Authority are partnering on the project. The project team includes McGann Construction Inc., Stevens Construction Corp., RG Huston, JLA Architects, Vierbicher and Dave Jones. Financing partners include Old National Bank, Johnson Financial Group and Bank CMG.

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IllinoisIndustrialLoansMidwestWisconsin

Darwin Investment Group Receives $130M Refinancing for Industrial Portfolio in Chicago, Southeast Wisconsin

by Kristin Harlow

CHICAGO — Darwin Investment Group has received a $130 million refinancing for a 39-building industrial portfolio totaling more than 2 million square feet across the greater Chicago area and Southeast Wisconsin. A dedicated middle market real estate team within Wells Fargo Commercial Banking provided the financing. In conjunction with the refinancing, Darwin Investment Group principals George Cibula and Matthew Lewandowski acquired the 49 percent ownership interest held by their partners, bringing Cibula and Lewandowski’s ownership of the portfolio to 100 percent. The 39 properties are home to more than 225 tenants. Lewandowski, Erin Cibula and Patricia Liston facilitated the refinancing and ownership consolidation on behalf of Darwin. Paul Mokhatas, Anu Agarwal and Paul Crusen led the Wells Fargo team.

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AcquisitionsMidwestMultifamilyWisconsin

CBRE Negotiates $60M Sale of Milwaukee Multifamily Portfolio

by Kristin Harlow

MILWAUKEE — CBRE has arranged the sale of St. James Place and Arbor Ridge Apartments, a 374-unit multifamily portfolio in Milwaukee, for $60 million. CBRE’s Sean Beuche, Matson Holbrook and Gretchen Richards represented the seller, Weidner Apartment Homes. Jim Flinn of CBRE arranged financing on behalf of the undisclosed buyer. Both properties are located in the city’s Calumet Farms neighborhood. St. James Place consists of 236 units ranging from 675 to 1,060 square feet. Arbor Ridge features 138 units ranging from 788 to 1,125 square feet.

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AcquisitionsIndustrialMidwestWisconsin

Avison Young Negotiates Sale of 200,696 SF Food Production Facility in Southeast Wisconsin

by Kristin Harlow

PLEASANT PRAIRIE, WIS. — Avison Young has brokered the sale of a 200,696-square-foot food production facility located within LakeView Corporate Park in Pleasant Prairie. Royal Oak Realty Trust, a New York-based real estate investment trust, acquired the property. Erik Foster and Mike Wilson of Avison Young represented the seller, EQT Real Estate. Constructed in 2017, the facility is fully leased to a national bakery products supplier.

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DevelopmentIndianaMidwestMultifamilyStudent HousingWisconsin

Starwood Capital, Trinitas to Develop Three Student Housing Communities Totaling 2,046 Beds

by Kristin Harlow

CARMEL, IND. AND MIAMI BEACH, FLA.— Starwood Capital Group and Trinitas Ventures have formed a joint venture to develop three student housing communities totaling 2,046 beds. Projects include Atmosphere Pittsburgh, a 672-bed development located at 217 Halket St. near Carnegie Mellon University in the city’s Oakland neighborhood; Atmosphere Norman, a 677-bed project located at 310 East Boyd St. near the University of Oklahoma in Norman; and Atmosphere on Mifflin, a 697-bed development located at 619 West Mifflin St. near the University of Wisconsin-Madison campus. All three communities are scheduled for completion in summer 2028. Ryan Lang led Newmark’s student housing team in arranging the joint venture. Trinitas Ventures is headquartered in Carmel, and Starwood Capital Group is headquartered in Miami Beach.

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AcquisitionsMidwestMultifamilyWisconsin

Greysteel Arranges $18.1M Sale of Multifamily Community in Metro Milwaukee

by Kristin Harlow

CUDAHY, WIS. — Greysteel has arranged the $18.1 million sale of Cudahy Commons, a 142-unit multifamily property at 2810 E. Edgerton Ave. in the Milwaukee suburb of Cudahy. BJ Connolly, Doug Banerjee and Ryan Carter of Greysteel represented the seller, a private investor. Peak Capital acquired the asset. According to Greysteel’s newly released “Mid-Year 2026 Investor Sentiment Pulse Check,” 84 percent of respondents plan to increase their Midwest multifamily exposure over the next 12 to 18 months.

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AcquisitionsHospitalityMidwestWisconsin

Hunter Advisors Negotiates Sale of 196-Room Renaissance Milwaukee West Hotel

by Kristin Harlow

WAUWATOSA, WIS. — Hunter Advisors has negotiated the sale of the Renaissance Milwaukee West Hotel, a 196-room property in Wauwatosa, about 10 miles west of downtown Milwaukee. Spencer Davidson of Hunter brokered the transaction. Chicago-based Witness Investment was the buyer. Built in 2020 and located at 2300 N. Mayfair Road, the 12-story hotel sits adjacent to Mayfair Mall. The property features 9,864 square feet of flexible meeting and event space, the ELDR+RIME Restaurant, the Silhouette Lobby Lounge and a 12th-floor fitness center.

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Affordable HousingDevelopmentMidwestMultifamilyWisconsin

McShane to Build 52-Unit Affordable Housing Community in Portage, Wisconsin

by Kristin Harlow

PORTAGE, WIS. — Impact Seven, in partnership with Harmony Housing Partners, has selected McShane Construction Co. to build River Crossing, a 52-unit affordable housing community in Portage. Positioned on a 2-acre site at 2941 Hunters Trail, the development will consist of a podium-style building atop a one-level underground parking garage with 52 spaces. A portion of the units will accommodate adults with disabilities. Residents will have access to 13,000 square feet of amenities, including a community room, quiet lounge, media room, pet spa, fitness center and storage lockers. Completion is slated for October 2027. Continuum Architects + Planners is the architect, and General Engineering Co. is the civil engineer.

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AcquisitionsMidwestMultifamilyWisconsin

Northmarq Brokers $31M Sale of Multifamily Property in Sheboygan, Wisconsin

by Kristin Harlow

SHEBOYGAN, WIS. — Northmarq has brokered the $31 million sale of Harbor Estates, a 186-unit multifamily property in Sheboygan, which is north of Milwaukee. Alex Malzone, Jake Lamb, Parker Stewart and Dominic Martinez of Northmarq represented the seller, a partnership between Harmoniq Residential and Midloch Investment Partners. Built in 2002, Harbor Estates offers a mix of one-, two- and three-bedroom units. Amenities include a clubhouse, fitness center, putting green, underground parking and a pool.

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AcquisitionsMidwestMultifamilyWisconsin

CBRE Negotiates $3.9M Sale of Riverwood Apartments in Mauston, Wisconsin

by Kristin Harlow

MAUSTON, WIS. — CBRE has negotiated the $3.9 million sale of Riverwood Apartments in Mauston, about 70 miles northwest of Madison. The 32-unit multifamily community was fully leased at the time of sale. The property consists of four buildings on 3.2 acres along the Lemonweir River. Built in 1994, Riverwood Apartments offers units ranging from 575 to 1,000 square feet. CBRE’s Sean Beuche, Max Colby, Matson Holbrook and Gretchen Richards represented the seller, Riverwood Apartments LLC. The buyer was Tripp & Associates.

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