“I’d like to see developers and architects thinking less product-focused and less supplier-focused, and more solutions-focused,” said Danny Dulkin, President of Consulting & Development at LIVunLtd.
At the recent Connect CRE Midwest 2026, Dulkin answered questions about development trends he is seeing across the industry. Speaking to the focus on amenities, he added, “We spend a ton of time looking at data and looking at our existing operations to figure out exactly what tenants want to use, how they use them, and providing as much value in the spaces as possible.”
We also asked multifamily leaders about the area’s growth and their expectations for the sector across Chicago and the surrounding regions. “I think that Chicago and Midwest markets, in general, continue to be an area of great growth and consistent opportunity for developers, investors, and operators,” said Igor Zhizhin, Director at Lument. “The Midwest continues to be very steady and very consistent, with our vacancy leading the country, typically 2% to 3% below the national average.”
The event also covered rent growth in the Midwest with Stratos Athanassiades, Regional Manager Midwest at Red Oak Capital Holdings, noting, “Market rent growth in the Midwest has been pretty robust over the last few years, and I think certainly the C and B properties in the secondary and tertiary markets are poised to see that rent growth continue.”
Ariel Property Advisors closed the $21-million sale of a development site at 566 Grand Ave. and 836 Dean St. in Prospect Heights, Brooklyn. The corner development site comprises approximately 86,065 buildable square feet and traded for approximately $244 per buildable square foot. The transaction was arranged by Ariel partner Sean R. Kelly along with associate...
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Marcus & Millichap arranged the sale of Knott-Orange Apartments, a 35-unit multifamily property located at 515 S. Knott Ave. in Anaheim. The property sold for $9.65 million, or $275,714 per unit. “This transaction marked the fourth closing from a larger Anaheim-area multifamily portfolio as the seller continues to reposition its holdings through a 1031 exchange...
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JLL Capital Markets arranged $135 million in construction financing and joint venture equity for the development of The Ibex at Ridge Hill, a 282-unit luxury multifamily community at the Ridge Hill mixed-use lifestyle center in Yonkers. Senior managing directors Evan Pariser and Aaron Niedermayer and director John Lowe arranged the senior construction loan with Bank...
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