Thursday, July 16, 2026
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DevelopmentHospitalityIllinoisMidwest

29-Story Hotel Audrey Opens on Chicago’s Magnificent Mile

by Kristin Harlow

CHICAGO — Oxford Hotels & Resorts LLC, the Chicago-based hotel management affiliate of Oxford Capital Group LLC, has opened Hotel Audrey at 166 E. Superior St. within Chicago’s Magnificent Mile shopping district. Oxford worked with Fillmore Capital Partners to reposition the 29-story hotel, which was originally developed as The Barclay Hotel. Each of the 216 guestrooms and suites includes an executive desk, ergonomic chair, 55-inch flatscreen TV, coffeemaker and complimentary Wi-Fi. The suites include a separate living area with a sleeper sofa. Rooms start at $159 per night. The fitness center is equipped with ellipticals, treadmills and other workout machines. Due to COVID-19, all areas of the hotel are sanitized at an increased frequency with approved disinfecting products. The rooftop bar, café and meeting spaces will not open until 2021.

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DevelopmentIllinoisMidwestMultifamily

McShane, UJAMAA Complete Construction of Mixed-Income Apartment Community in Chicago

by Kristin Harlow

CHICAGO — McShane Construction Co. and UJAMAA Construction have completed 4400 Grove, an 84-unit apartment complex in Chicago’s Bronzeville neighborhood. Brinshore Development and the Michaels Organization are the developers for the four-story project, which features commercial space on the ground floor. Of the property’s 84 units, 21 are reserved for Chicago Housing Authority residents, 38 are affordable at 60 percent of the area median income and 25 are market rate. Amenities include a lounge, bike room, fitness center, mailroom and conference rooms. Pappageorge Haymes Partners was the architect.

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DevelopmentMidwestMinnesotaMultifamily

Ackerberg, Northland to Develop 192-Unit Apartment Project in Downtown St. Paul

by Kristin Harlow

ST. PAUL, MINN. — Ackerberg has acquired land at 337 W. 7th St. in downtown St. Paul with plans to develop The Alvera, a 192-unit apartment project. Northland Real Estate Group will serve as co-developer. Plans call for the demolition of an existing building to make way for the seven-story project, which will feature studios, one- and two-bedroom units as well as 1,400 square feet of retail space and 110 covered parking stalls. Amenities will include a penthouse clubroom with a kitchen and bar, an outdoor deck with fireplace and grills, a fitness center, bike room, package center and storage lockers. Construction is scheduled to begin later this month with completion slated for fall 2021. Opus Design Build will serve as general contractor and Rise Modular will provide modular units. DJR Architecture and E. Christen Design make up the design team. Bridgewater Bank is providing construction financing.

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LoansMidwestMultifamilyOhio

Grandbridge Provides $10M Refinancing for Columbus Multifamily Property

by Kristin Harlow

COLUMBUS, OHIO — Grandbridge Real Estate Capital has provided a $10 million Freddie Mac loan for the refinancing of Worthington Commons in Columbus. Built in 1973, the multifamily property is home to 156 rental townhome units. Ted Schmidt of Grandbridge arranged the fixed-rate, nonrecourse loan. It features a 10-year term and 30-year amortization.

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MichiganMidwestOffice

West Michigan’s Jaqua Realtors Merges with Shoreline Realtors

by Kristin Harlow

DOUGLAS, MICH. — Jaqua Realtors has merged with Shoreline Realtors and continues the expansion of its presence in West Michigan. Shoreline has served the Saugatuck and Douglas communities for the past 26 years as a real estate and vacation rental company and maintains offices in St. Joseph and South Haven. Jaqua, a 45-year-old brokerage focusing on residential and commercial real estate as well as vacation rentals and property management, occupies an office at 202 Center St. in Douglas.

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AcquisitionsNew JerseyNortheastOffice

Onyx Equities Acquires Office Portfolio in New Jersey from Mack-Cali for $160M

by Taylor Williams

NEWARK, N.J. — A partnership led by New Jersey-based investment firm Onyx Equities has acquired a 10-building, 1.5 million-square-foot office portfolio in Morris County, New Jersey, from Mack-Cali Corp. The portfolio consists of nine buildings in Parsippany and one in Madison. Onyx Equities, which acquired the portfolio in partnership with Taconic Capital Advisors LP, Axonic Capital LLC and Machine Investment Group, will implement a capital improvement plan. JLL brokered the deal.

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401-N.-Broad-St.-Philadelphia
Data CentersIndustrialLeasing ActivityNortheastOfficePennsylvania

Nerd Street Gamers to Open Esports Campus in Philadelphia

by Taylor Williams

PHILADELPHIA — Nerd Street Gamers, a provider of infrastructure services for the esports industry, will open The Block, an esports campus at 401 N. Broad St. in Philadelphia. Christian Dyer and Jackie Balin of CBRE represented data center owner-operator Netrality, which owns the 1.3 million-square-foot building, in the lease negotiations. The space will not only function as Nerd Street Gamers’ new corporate headquarters, but it will also include global broadcast studios, dedicated training centers for professional teams and schools and educational space for community partners.

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AcquisitionsIndustrialNew JerseyNortheast

Marcus & Millichap Brokers Sale of 45,000 SF Industrial Flex Property in Toms River, New Jersey

by Taylor Williams

TOMS RIVER, N.J. — Marcus & Millichap has brokered the sale of a 45,000-square-foot industrial flex property located at 60 Northampton Road in the coastal New Jersey city of Toms River. Charles Loccisano and Michael Lombardi of Marcus & Millichap co-brokered the sale along with Rosetto Realty Group on behalf of both the buyer and the seller. Both parties were limited liability companies that requested anonymity.

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DevelopmentMassachusettsMultifamilyNortheast

Arx Urban Nears Completion of 36-Unit Workforce Housing Project in Boston

by Taylor Williams

BOSTON — Developer Arx Urban is nearing completion of a 36-unit workforce housing project located at 233 Hancock St. in Boston’s Dorchester neighborhood. Boston-based RODE Architects designed the project, construction of which began in December 2018 and is expected to wrap up by the end of the month.

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The-Aver-Watertown
DevelopmentMassachusettsMultifamilyNortheast

Amstel Heritage Opens 25-Unit Aver Apartments in Metro Boston

by Taylor Williams

WATERTOWN, MASS. — Amstel Heritage Development has opened The Aver, a 25-unit luxury apartment complex located in the western Boston suburb of Watertown. The unit mix consists of two studio apartments, two one-bedroom units and 21 two-bedroom units with stainless steel appliances, quartz countertops and in-unit washers and dryers. Construction began in 2018.

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