CHICAGO—Windy City RE LLC assembled the property from five different owners since 2010 and renovated 30% of the 344 units.

PHILADELPHIA, PA—Pennsylvania Real Estate Investment Trust will continue its asset sales program in 2015, by getting rid of five Pennsylvania retail malls.

JERSEY CITY, NJ–Jersey City's continuing development renaissance moved a vacant lot regarded as an eyesore a step closer to meaningful development as Kushner Companies and The KABR Group have acquired the land at One Journal Square in Jersey City, NJ, from the Multi-Employer Property Trust for $27 million.

SCOTTSDALE, AZ—Growth in rents will decelerate in 2015 but will still outpace what multifamily experienced in 2012 and 2013, says data firm Pierce-Eislen.