Daniel Management Group (DMG), a Chicago-based real estate firm focused on multifamily investment and management, announced an extension of our relationship with Hawthorne Management Services (HMS) in Mundelein, Illinois.
DMG is awarded Lakeside Village Apartments, a community with 144 newly renovated units. The development is located near Hawthorne Mall and one mile from the METRA station. “DMG and HMS have partnered successfully on properties in Mundelein since 2023,” said Roger Daniel, president and founder of Daniel Management Group. “We are looking forward to expanding our presence together and providing more options that maximize the natural beauty of Mundelein’s nearby parks and convenience to shopping, restaurants and Chicago.”
Lakeside Village has spacious one- and two-bedroom units that include high-end finishes such as hardwood floors, granite countertops and espresso cabinets. DMG will rebrand the property, upgrade the clubhouse and outdoor areas, and oversee ongoing unit renovations.
HFO Investment Real Estate has completed the $27.3 million sale of Fieldstone Luxury Apartments, a 154-unit community at 20650 NE Halsey St. in Fairview, Oregon. Affordable Housing Associates of Irvine, Calif., sold the property to Benedict Canyon Equities of Los Angeles. The transaction closed at a price of $177,272 per unit. The sale price marks...
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JPMorgan Chase & Co. is in talks to lead a $3.8-billion financing for Extell Development’s plan to build condominiums on Manhattan’s Upper West Side at a site that formerly housed the headquarters of the ABC television network. Bloomberg News reported that the financing would be among the largest construction loans ever in the U.S. Extell...
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The NRP Group, in partnership with Marshall Heights Community Development Organization, Inc., announced the completion and opening of Emblem Apartments, a 115-unit affordable housing community located in the heart of Washington, D.C.’s NoMa and Union Market neighborhoods. “We call this community ‘Emblem’ for a reason: because it is emblematic of how NRP and our partners...
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