Wisconsin Real Estate Investment Firm Purchases 2,700-Unit Multifamily Portfolio
MLG Capital, a Wisconsin-based Real Estate investment and management firm, has purchased a Class B multifamily portfolio. The 2,700 unit Sunbelt portfolio includes ten properties which are spread across three cities in Texas and Oklahoma. Due to confidentiality, MLG declined to identify the properties.
Rezoning Decision Met with Opposition from Area Residents
Citing negative effects to property values and overall quality of life, residents in Daytona Beach have asked the Daytona Beach Shores City Council to reconsider a recent Planning and Zoning Board decision. The rezoning decision allows Atlantic Avenue Estates LLC, a New-York based developer, to build a two-story apartment complex. The planned project site is less than an acre and is currently surrounded by single-family homes.
Non-Profit Celebrates 2019 Success for Women in AEC Industries
Professional Women in Construction (PWC) celebrated a successful 2019 with their annual holiday party last month. During their recent “20 women under 40” event, the national nonprofit honored members for early professional achievements. PWC has chapters across the United States and focuses on supporting and advancing women within the architecture, engineering, and construction (AEC) industries.
City Officials Approve Two Local Architecture Firms for Willmar Projects
City Council officials in Willmar, Minn. have approved the hiring of two architecture firms for three sales tax projects. Widseth Smith Nolting and LSE Architects are both Minnesota-based architecture firms chosen by the city council. The firms will lead design work at Swansson Field, new recreation fields, and an event center on the grounds near Willmar Civic Center.
Dirksen Federal Building at the Center of Skyscraper Redevelopment Project
Redevelopment plans for two vacant 20th century skyscrapers in Chicago are on hold after an assessment concluded the construction could cause a security threat for a nearby building. The building, commonly referred to as Dirksen Federal Building, is a skyscraper housing senate offices and federal courthouses. The redevelopment project was part of a larger effort to preserve Chicago’s historic architecture.