A change is gonna come, oh yes it will...and we are thrilled! A few of our team members talk about what they think about the new logo and what it means for Kiser Group. Lee Kiser, Principal & Managing Director Michael D’Agostino, Director "I’ve been here for 5...
The short answer? We created a new logo to represent the new Kiser Group: a collaborative team that blends the traditional and the modern, merging classic practices with advanced real estate technology for in depth market knowledge – all to benefit our clients....
That's right, we got a fresh new haircut. Stay tuned this week for the official release of our new logo on the Kiser Group blog and social media pages!
By all appearances the Chicago suburbs are struggling; large corporations have been reducing their exposure to suburban commercial real estate at an alarming pace for the last 5 years. However, suburban apartments built in the 1960’s and 70’s continue to thrive because they serve a market with insatiable tenant demand. As a guide, we broke downSuburban Chicago’s class B & C multi-family sales records of closed transactions in 2015 in various counties.
In a business where crunching, analyzing and re-analyzing numbers is at the core of every deal, one number separates itself from the rest:
(Net Income) / (Sale Price) = Capitalization Rate
For those of us who habitually track the market, it seems on a weekly and sometimes daily basis, Chicagoland apartment buildings are trading at jaw dropping prices. Low cap rates, high multiples, and record breaking sale comps have been happening for years now and not just choice Chicago neighborhoods; this phenomena has extended to the suburbs as well. The question is, why?
EUBA's November meeting is about microunits, SRO's, TOD — everything you ever wanted to know about zoning.
I had a 50/50 chance of being right last month when I predicted that the Fed would err on the side of caution at their September FOMC meeting and keep rates at current near-zero levels. I was right and, let me be the first to admit – it was pure dumb luck! They could just as easily have moved rates up a notch. Lots of people who know a heck of a lot more about all of this than I do believed very strongly that they would do just that. They were wrong this time – but they won't be wrong forever…
A couple weeks ago my colleague, John Meyer, wrote a blog about why selling is becoming increasingly tempting for long-term owners (click to read here if you missed it). This prompted an invitation from the Lakeview Developers Association asking for John and I to come expand on the idea. We spoke to a group of about 30 long-term owners in what ended up being a very lively forum. The biggest take away for me? Some of these owners would sell, if they didn't have to pay such a high capital gains tax.
Join a panel of experts on Wednesday, October 7th as they discuss winter proofing your buildings for winter.
Celebrating Michael D’Agostino and Brian Mond’s third year anniversary at Kiser Group!
A few highlights from the nights events.
Congratulations to Aidan Altman for winning the 2015 Kiser Group Cook Off with his friend chicken skewers. There was some fierce competition but you pulled it off!
This Saturday marks the 5th annual Kiser Group cook off. Is Broker Noah Birk going to be dethroned after three consecutive wins?