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Brookfield, a Toronto-based investment company, is reorganizing its multifamily holdings in Northeast Ohio. They have sold the Midtown Towers complex in Parma and transferred ownership of Easthaven in Beachwood and Stratford Crossings in Wadsworth to tenant-in-common groups. The new owner of Midtown Towers is an affiliate of MB Realty in Florida. It appears that Brookfield is shedding properties that do not fit its overall portfolio, focusing on high-priced, growing markets. The exact sale prices are not disclosed, but there are rumors that Easthaven was traded for $72 million. Brookfield continues to own other apartment buildings in the area. [Extracted from the article]

The former toy design studio of Big Monster Toys in the West Loop is now on the market. The 18,626-square-foot building, known for its cartoonish yellow front door, is being offered for sale or lease. The real estate brokerage Jones Lang LaSalle is marketing the property, highlighting its potential for repositioning as an office for an architecture or design firm, an events or entertainment space, a vehicle showroom, or a brewery. The unique features of the building, such as its curved roof with a skylight and exposed wooden beams, along with its proximity to the thriving restaurant and entertainment scene in the West Loop, make it an attractive investment opportunity. The owners, who bought the building for almost $1.2 million in 2002, have invested significantly in improving and maintaining the property. While redevelopment is possible in the area, the current condition and unique features of the building make repositioning more likely. [Extracted from the article]

Brooklyn's commercial real estate market had a rough first half of the year, with only a handful of bright spots occurring amid the pandemic's devastating impact on the industry. Total dollar volume in the borough dropped by 19% to about $2.2 billion, compared with the first half of last year, while transaction volume dropped 28% to 357, according to a report from Brooklyn-focused brokerage TerraCRG. The fact deals were done in Brooklyn during the second quarter despite the pandemic is an encouraging sign for the borough, TerraCRG CEO Ofer Cohen said. [Extracted from the article]

A comprehensive plan to expand public lakefront access and connect the 30 miles of Lake Erie shoreline that spans Cuyahoga County inevitably depends on the approximately 3,800 privately owned parcels that comprise about 18.6 miles of that stretch. Dever said the county plans on going after those FEMA funds - along with county casino revenue, Ohio Department of Natural Resource water conservation money and other funding - for four near-term projects already underway as part of the public access plan. [Extracted from the article]

Last month, the 11-story building and its 170 apartments at 2170 E. Jefferson Ave. hit the market for an undisclosed price. The Renaissance-style building - owned by an entity called Pasadena Investments LLC, which is registered to Scot Turnbull of Cynex Enterprises Inc. in Southfield - was designed by Mortimer L. Smith & Sons and added to the National Register of Historic Places in 1985. Tumey also noted the building's proximity to the new small-format Meijer Inc. grocery store called Rivertown Market as well as where Dan Gilbert has spent no less than $28.5 million buying up office and parking space, plus developable land. [Extracted from the article]

Meanwhile, newly released census figures show Chicago neighborhoods - downtown and beyond - have gained residents in the past decade, rising 2% to 2.7 million residents. In most cases, these new downtown renters and condo-dwellers seem to be taking the nerve-rattling headlines about city crime in stride. As one buyer who's traded his Hinsdale mansion for an Astor Street condo put it to Rodkin: "Whenever you're in a city, there's crime. [Extracted from the article]

The ornamental bent is visible right away at the Lincolnwood house, where the seemingly oversize roof overhang sports a repeating series of triangles set into one another and the main street-facing wall has a dashed pattern made by interspersing red brick into the sand-colored background. Midcentury architect's model home up for sale: J. Marion Gutnayer "integrated his own special ornamental bent into modernism", according to architectural historian A Lincolnwood home that a prolific Chicago architect built in 1954 as his model home is on the market. [Extracted from the article]

That document does not describe Glass or his company as a receiver, although Glass has the powers traditionally associated with one, and both Fannie Mae and, earlier, Leibovitz had requested receivership in varying forms. The county court complaint also "may materially impair Fannie Mae's lien and security interest", which constitutes another default, Fannie Mae says in its receivership request. [Extracted from the article]

Barbat's denial For his part, Barbat, through an attorney, Birmingham-based Scott Yaldo, issued a statement in February denying the allegations leveled in the Leibovitz lawsuit. Fannie Mae is asking a federal judge to appoint a receiver to oversee the management, leasing and financial operations of an iconic Detroit riverfront high-rise apartment building. [Extracted from the article]

The article reports that Manhattan Community Board 8 is seeking to limit new buildings' height at 210 feet or roughly 20 stories to address the community backlash against high-rise apartment towers.

The article discusses plans of Michigan real estate developer Jonathan Holtzman, to construct a mixed-use residential building in downtown Cleveland, Ohio. It mentions that Holtzman, chief executive officer (CEO) of City Club Apartments in Farmington Hills, described the proposed structure as a high-rise. It reveals that Holtzman was partners with the predecessor of Forest City Realty Trust in developing Village Green complex in in Beachwood.

The article reports on the sale of the 1965 high-rise apartment building, located at 9000 East Jefferson Avenue in Detroit, Michigan by Saperstein Associates to a joint venture between Joe Barbat and Arie Leibovitz. Topics discussed include some upgrades planned for the building by its new owners, and the appointment of Village Green to manage the property.

The article focuses on a 60-story apartment tower being built by a joint venture including Hines and the Kennedy family on Wolf Point in Chicago, Illinois. Topics discussed include the features of the multifamily development designed by Pelli Clarke Pelli Architects, the cost of the project, and the demand for high-quality apartments.

The article reports that a joint venture by real estate investment companies CIM Group and Morguard has opened the Marquee high-rise apartment building to the market in Chicago, Illinois. Topics discussed include the price per unit, the growth of the apartment market in downtown Chicago, and other buildings that have been placed on the market.

The article focuses on the booming downtown South Loop apartment market in Chicago, Illinois in 2015. Topics discussed include price ranges of high rise buildings, rise of multifamily values, and the acquisition of Burnham Pointe condominiums by Behringer Harvard Multifamily Real Estate Investment Trust (REIT) in 2010. Building acquisitions of Crescent Heights, a top real estate brand in the U.S., are also mentioned.

The article reports on the improving prices of land in Chicago, Illinois as high-rise market started to boom in 2014. Topics covered include the increasing interest of high-rise developers to construct more apartments and condominiums as well as information on the competitiveness of the real estate sector of the city. Also mentioned is the importance of zoning code to the value of a certain site that is being developed.

Profiles Paul Stanley, chief executive officer at marketing firm PS Promotions based in Chicago, Illinois. Plans to construct a high-rise luxury condominium; Partnership with developer Warren Baker; Cost of the condominium units.

Presents new items related to business in Michigan for the week of May 6, 2001. Pulte Homes Corp.'s plans of acquiring Del Webb Corp.; Demolition of various Jeffries West high-rise apartment buildings in Detroit; Confirmation of Detroit Police Department Chief Benny Napoleon that he will not run for City Mayor.