Jul 13, 2020 | Blog
Four or so months into Covid-19, the commercial real estate world is still trying to make sense of what to expect in the coming months and years. In multifamily, landlords have many concerns ranging from tenants’ ability to pay rent to leasing vacant units to...
May 26, 2020 | News
Though a new law has made condo deconversions trickier to execute in Chicago, it hasn’t killed the investment strategy. Not by a long shot. Deconversion deals – in which an investor scoops up all the condo units in a building and converts them to rental apartments –...
May 22, 2020 | News
LaSalle Towers, located at 1211 N. LaSalle Drive in Chicago, has been listed for sale exclusively by Chicago-based multifamily brokerage firm Kiser Group. The 70-unit, 19-story building was built in 1929 as a hotel, later converted to apartments, and in 2006 was...
May 21, 2020 | News
The coronavirus has pushed many real estate dealmakers to the sidelines, but it hasn’t stopped the business of converting condos into apartments. In Edgewater, local landlord Becovic Management Group has paid $13.3 million for Shore Manor, a 90-unit condominium...
Jan 16, 2020 | Blog
Over the last few years, the sale of an entire condominium building to one investor proliferated in Chicago. Condo Deconversions, as they are called, have been well documented in the press and have been known to cause a lot of emotions amongst condo owners. Before... 