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Brentwood, TN-based GBT Realty Corporation, which developed the properties over the past two years, sold the portfolio to a Virginia-based, private investment group that was completing a sizable 1031 exchange.

The State of Illinois, through CMS, owns and manages the former Howe Development Center and Tinley Park Mental Health Center property. Howe was closed in July of 2010, and Tinley was closed in July of 2012.

The 25-year-old commercial real estate financing and advisory services firm now provides an array of services from due diligence to asset management services, restructuring, crisis management for developers, financial institutions and private equity funds with a concentration on development, construction, bankruptcy, restructuring and marketing.

In 2018, the U.S. Department of Housing and Urban Development) took action against the previous owner of the housing complexes, declaring them an absentee landlord and requiring them to pay $800,000 in civil penalties for failing to provide decent, safe, and sanitary housing conditions to residents.

Real estate investment management firm George Comfort & Sons' 200 Madison Ave. is 100 percent occupied after it has finalized a 10-year lease with Neville, Rodie & Shaw, Inc. The property sits in the highly desired Midtown South submarket, in which NRS will remain on the 20th floor through 2031.

New York-based co-living company The Collective has secured a $75 million construction loan from ACRES Capital to finance 292 North 8th St., an 11-story student housing and co-living development in Williamsburg, Brooklyn.