News: Outside The Region

Capstone has closed the sale of Madison Apartments

Fort Madison, IA Capstone has closed the sale of Madison Apartments, a 57,860-sf multifamily property located at 3421 Avenue N. Josh Benard of Capstone brokered the transaction.

Madison Apartments is made up of 88-units built in 1973. The property sits directly across the street from the DuPont Ink Plant, Fort Madison’s largest employer.

The buyer plans on continuing the interior value-add program started by the seller while also implementing significant capital for deferred maintenance.

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Kasowitz gets dismissal of lawsuit against developer of American Dream Mall

East Rutherford, NJ Kasowitz, on behalf of the developer of the American Dream mall and its affiliates (the American Dream defendants), has secured the dismissal of state litigation brought by the project’s successor junior
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