Chicago

In terms of potential project sites, the city in the RFP did not express any preference.

The property is located in the Saint Paul Opportunity Zone segment and when completed Waterford Bay will be one of the first Opportunity Zone projects in St. Paul.

The new “TurnKey” program combines Realogy's real estate expertise across its brands, including Better Homes and Gardens Real Estate, Century 21, Coldwell Banker, ERA and Sotheby's International Realty, with Amazon's Home Services and smart home products.

“The market choppiness that we have seen throughout the year continued in June, with home sales once again lagging previous-year numbers and sellers struggling to provide the number of homes consumers want,” said Ed Neaves, president-elect of Illinois Realtors.

With the merger deal, Westward360, which provides real estate management services for rental property owners and community associations, will now be known as W360 and will employ more than 200 employees in Chicago.

The project was financed primarily through a tax-exempt bond issuance with Collegiate Housing Foundation, a nonprofit 501(c)(3) organization, serving as the borrower and owner of the project.

Muinzer and T2 Capital Management are preparing to launch a Qualified Opportunity Zone Fund in the second half of 2019.

The firm purchased the 117,472-square-foot property from a national manufacturing company, according to brokerage firm Avison Young.