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Aqua Deal Floats Away

A little over a week after Texas-based Behringer Harvard Multifamily REIT announced a deal to take over the majority of rental apartments in Aqua, the deal is dead. “We just weren't able to get it done,” said Magellan Development president David Carlins. For the deal to work, REIT demanded that Magellan find a buyer for the 18-floor hotel portion of the 82-story building, which is still unsold. [Crain's]


225 North Columbus Drive, Chicago, IL 60601 Visit Website


225 N Columbus Dr., Chicago, IL