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Paced by Streeterville activity, the Chicago area is on pace to set a record for multifamily asset sales volume.
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Albion Residential has acquired Bourbon Square, a northwest suburban apartment complex, for $140M, reportedly a record price.
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Sales volume records were shattered in the downtown core and suburbs.
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A Nuveen affiliate purchased Uptown La Grange, a five-story, 254-unit property, for $87.8M from JVM Realty.
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This is Lowe's second suburban apartment acquisition in the past four months.
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At this rate, suburban multifamily sale volume may outpace Chicago's.
Two suburban apartment complexes were part of a multi-state, multi-property portfolio sale.
Marquette and JP Morgan Investment Management bought the 579-unit Willow Crossing last month for $80M.
The project will deliver in 2017.
Steadfast has been on an aggressive shopping spree the past 18 months.
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