The 234 Apartment

A pair of west suburban apartment complexes have sold for a combined $59 million to investors that plan to fix them up and hike rents. In the bigger deal, Rockwell Partners said it paid $34 million for 313 units in the Huntington Condominiums in Naperville, a property that was converted to condos before the crash but never sold out. Chicago- based Rockwell aims to “deconvert” the property back to apartments by buying back the 43 condos sold by the previous owner, an affiliate of Inland Real Estate Group , said Rockwell Principal Jason Fishleder . That means negotiating deals with every condo owner, a time-consuming and complicated process. The firm wants “to help these condo owners get out whole if not more than whole if we can,” he said. In the second deal, Sinatra & Company Real Estate , a Buffalo investment firm , has paid $25 million for Timber Creek Apartments in Woodridge. Sinatra plans to spend another $4 million to $8 million renovating the 304-unit property at 3421 Fox...

Chico’s street names have meanings, some clear and some obscure. New residents quickly learn that the first letters of Chestnut, Hazel, Ivy, Cherry and Orange streets — which line up east to west — spell out Chico, but there are a number of streets in the vicinity of Chico State University that aren’t so obvious. They include: Normal Avenue Chico State University traces its roots to the state Normal School — a teachers college — that was established in 1887 on a cherry orchard Chico founder John Bidwell donated to the state. Normal Avenue was originally called Sycamore Street , but the name was changed when the college arrived. Normal is also a bit abnormal in that the vast majority the roads south of Big Chico Creek are streets, but Normal is an avenue. Most of the roads north of the creek are avenues. Mechoopda Street/Rancheria Drive These two streets between West Sacramento and West First avenues, between Warner and North Cedar streets , reference the Indian rancheria that u...

MORTGAGES Selected mortgages filed with Kent County Register of Deeds SCHONDELMAYER, Chad et al, Lake Michigan Credit Union , Crystal Springs Plat No. 3, Lot 136, $315,875 KIRBY, Catherine J. et al, Quicken Loans, Walker, 2-7-12, $245,600 DAY, Eric G. et al, ChoiceOne Bank, Condo-Knockadoon Condominiums, $316,033 LOWE, Nathan et al, AmeriFirst Financial Corp ., Eastwood Plat, Lot 22, $223,250 KARCZEWSKI, Scott et al, Lake Michigan Credit Union , Grattan Twp., 17-8-9, $274,500 HAGA, Scott et al, Mercantile Bank Of Michigan, Princeton Estates No. 16, Lot 618, $219,600 SCHMIDT, Nancy A. et al, Finance Of America Reverse, Apple Valley Plat No. 3, Lot 31, $324,000 MULLINS, Lawrence H. et al, Independent Bank, Cascade Twp., 20-6-10, $256,410 COXON, Brad et al, ChoiceOne Bank, Solon Twp., 15-10-11, $260,000 3015 DORMAX LLC, Economic Development Foundation , Grand Rapids Gravel Industrial Park No. 2, Lot 37, $225,000 FASSETT, Brennan et al, Quicken Loans, Vergennes Twp., 31-7-9, $368,475 S...