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This Week’s Chicago Deal Sheet – December 15th 2020

This Week’s Chicago Deal Sheet – December 15th 2020

One year after breaking ground on Bridge Point Itasca, a 741K SF industrial campus in suburban Itasca, Bridge Development Partners has leased almost two-thirds of the project to long-term tenants, company officials said in a press release. Costco-Innovel Solutions is...

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Three Factors Impacting The 2021 Apartment Outlook

Three Factors Impacting The 2021 Apartment Outlook

2021 Apartment Outlook Lee Kiser is a multifamily expert, active broker and Principal of Kiser Group, Chicagoland’s leading mid-market multifamily brokerage firm.  GETTY The health of a multifamily investment is determined by occupancy and collections....

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Kiser Group adds two advisors and an associate

Kiser Group adds two advisors and an associate

Chicago-based Kiser Group has hired Refiloe Lethunya and Dan Gabbard as advisors, as well as Michael Yangas as an associate. Lethunya brings a diverse background in operations and business development to his advisor role. He will focus his brokerage efforts...

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11 Ways Brokerages Can Compete Against iBuying

11 Ways Brokerages Can Compete Against iBuying

The real estate business is getting more competitive with each passing day. iBuying has taken over the industry with house flippers and real estate companies doing their buying and selling without even visiting the property. Zillow is now making it even easier for...

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Multifamily Asset Lists in West Side O-Zone

Multifamily Asset Lists in West Side O-Zone

3432-40 W. Franklin Blvd. has been listed for sale by Kiser Group. The 46-unit multifamily property is located in the West Side’s South Humboldt Park neighborhood. Fully gut renovated by current ownership, 3432-40 W. Franklin Blvd. is listed for $4,325,000 and...

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Kiser Group Brings 46-unit Humboldt Park Apartment to Market

Kiser Group Brings 46-unit Humboldt Park Apartment to Market

3432-40 W. Franklin Blvd. has been listed for sale by multifamily brokerage firm Kiser Group. The 46-unit multifamily property is located in Chicago’s South Humboldt Park neighborhood. 3432-40 W. Franklin Blvd. is listed for $4,325,000 and represented by Advisors Jack...

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Humboldt Park apartment building hits the market

Humboldt Park apartment building hits the market

Kiser Group has listed 3432-40 W. Franklin Boulevard for sale. The 46-unit multifamily property, located in Chicago’s South Humboldt Park neighborhood, is seeking $4,325,000. “We anticipate seeing local and out-of-state interest for this Opportunity Zone...

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This Week’s Chicago Deal Sheet – December 1st 2020

This Week’s Chicago Deal Sheet – December 1st 2020

The north suburban village of Wilmette gave final approval on Optima’s plans for a mixed-use development of 109 apartments and street-level retail at 1210 Central Ave. Optima plans to break ground in late 2021 at the site, which is occupied by a bank and is...

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November 2020 – This Week’s Chicago Deal Sheet

November 2020 – This Week’s Chicago Deal Sheet

Lendlease and The John Buck Co., along with partner Intercontinental Real Estate Corp., completed the townhome residences at Porte, a two-tower mixed-use development at 855 West Madison St. in Chicago’s West Loop. The two-story, two-bedroom rental townhomes...

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Kiser Group Arranges Chicago Condo Deconversion Sale

Kiser Group Arranges Chicago Condo Deconversion Sale

Andy Friedman, Jake Parker, Danny Logarakis and Rick Ofman arranged the sale of the 28-unit Rogers Park community. Kiser Group has brokered the $3.5 million Section 15 deconversion sale of 1319 W. Sherwin Ave., a 28-unit building in Chicago’s Rogers Park neighborhood....

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Kiser Group Brokers Sale in Chicago’s South Shore

Kiser Group Brokers Sale in Chicago’s South Shore

Partners Noah Birk and Aaron Sklar arranged the sale of the apartment community at a record per-unit price for the neighborhood. Kiser Group has arranged the $1.4 million sale of a 12-unit community in Chicago’s South Shore neighborhood, securing a record high price...

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6754 South Cornell Avenue⁠ – Traded

6754 South Cornell Avenue⁠ – Traded

SALE⁠ IMAGE: Noah Birk & Aaron Sklar⁠ DATE: 10/02/2020⁠ ADDRESS: 6754 S. Cornell Avenue⁠ MARKET: Chicago⁠ ASSET TYPE: Multifamily⁠ ⁠ BROKERS: Noah Birk & Aaron Sklar - Kiser Group (@KiserGroup)⁠ ⁠ PRICE: $1,400,000⁠ SF: 11,000 ~ PPSF: $127⁠ See Full Post...

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Albany Park Condos Trade in Deconversion Deal

Albany Park Condos Trade in Deconversion Deal

Kiser Group advised the 5027-29 N. Harding Condominium Association through a Section 15 deconversion sale. Located at 5027-29 N. Harding, the 13-unit Albany Park building on Chicago’s Northwest Side sold for $1,950,000. Advisors Andy Friedman and Jake Parker...

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The Investor and Broker Relationship with Lee Kiser

The Investor and Broker Relationship with Lee Kiser

Lee talks us through the kinds of conversations that investors should be having and how to facilitate better communications with new associates. He also gets into what brokers look for when evaluating potential investors and the preparation that can move the needle in...

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Big deal: Deconversions still happening in Chicago

Big deal: Deconversions still happening in Chicago

Condo deconversions should be dead in Chicago. The voting threshold was raised last year from 75 to 85 percent; rock bottom interest rates promote homeownership; the pandemic has caused many investors to pull back on their reins. And yet, the trend persists....

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Birk and Sklar Form Team at Kiser Group

Birk and Sklar Form Team at Kiser Group

Kiser Group announced the official formation of the Birk | Sklar team. Since 2015, Noah Birk and Aaron Sklar have worked together on the acquisition and disposition of multifamily properties throughout Chicago’s South Side, and reportedly have sold more apartment...

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Kiser Group’s Birk | Sklar Team Launches

Kiser Group’s Birk | Sklar Team Launches

Kiser Group is pleased to announce the official formation of the Birk | Sklar team. Since 2015, Noah Birk and Aaron Sklar have been working together to help their clients on the acquisition and disposition of multifamily properties throughout the south side of...

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Kiser Group launches Birk | Sklar Team

Kiser Group launches Birk | Sklar Team

Kiser Group announced the official formation of the Birk | Sklar team. Since 2015, Noah Birk and Aaron Sklar have been working together to help their clients on the acquisition and disposition of multifamily properties throughout the South Side of Chicago. According...

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Kiser Group Closes Two West Side Deals

Kiser Group Closes Two West Side Deals

Kiser Group recently brokered two separate multifamily transactions on Chicago’s West Side. 1015 N. Pulaski sold for $1,900,000, and 4301 W. Gladys sold for $950,000.  The 32-unit 1015 N. Pulaski is located in Humboldt Park. Kiser Group’s Danny Logarakis and the...

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Kiser Group Lists Lakeview’s Graceway Corners

Kiser Group Lists Lakeview’s Graceway Corners

Graceway Corners, located at 3751 N. Halsted St. in Lakeview, has been listed for sale by Kiser Group. The three-story mixed-use building features 24 residential units and 14 commercial units, and is represented by Kiser Group’s Andy Friedman, Jake Parker and Lee...

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Kiser Group brings mixed-use Lakeview development to market

Kiser Group brings mixed-use Lakeview development to market

Graceway Corners, located at 3751 N. Halsted Street in Chicago, has been listed for sale by Chicago-based multifamily brokerage firm Kiser Group. Located at the three-way intersection of Broadway, Halsted and Grace in Lakeview, the three-story mixed-use building...

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Kiser Group Elevates Sklar to Partner

Kiser Group Elevates Sklar to Partner

Kiser Group has named Aaron Sklar, who specializes in South Side multifamily sales, has been named partner. Sklar is the second partner at Kiser Group, following Noah Birk, after co-founders Lee Kiser and Estella Kiser created equity...

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Kiser Group announces Aaron Sklar as partner

Kiser Group announces Aaron Sklar as partner

Kiser Group has named Aaron Sklar, 32, as partner. Sklar is the second partner at Kiser Group, following Noah Birk, after co-founders Lee Kiser and Estella Kiser created equity positions in the company. “We are grateful Aaron chose Kiser Group as the place to build...

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Kiser Group Announces Aaron Sklar As Partner

Kiser Group Announces Aaron Sklar As Partner

Kiser Group, Chicago’s leading multifamily brokerage firm, announces Aaron Sklar, 32, has been named Partner. Sklar is the second Partner at Kiser Group, following Noah Birk, after co-founders Lee Kiser and Estella Kiser created equity positions in the company....

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Kiser Group announces Aaron Sklar as partner

Kiser Group announces Aaron Sklar as partner

Kiser Group, Chicago’s leading multifamily brokerage firm, announces Aaron Sklar, 32, has been named Partner. Sklar is the second Partner at Kiser Group, following Noah Birk, after co-founders Lee Kiser and Estella Kiser created equity positions in the company. “We...

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Mid-Market Apartment Metrics Remain Chicago Strong

Mid-Market Apartment Metrics Remain Chicago Strong

Chicago’s mid-market apartment metrics remain strong amid the overhang of the COVID-19 pandemic and the gradual reopening, the Kiser Group reported. The brokerage followed up its May survey of multifamily owners, this time focusing on both physical occupancy and rent...

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Advice For CRE Brokers: Working Through A Market Downturn

Advice For CRE Brokers: Working Through A Market Downturn

Lee Kiser is a multifamily expert, active broker and Principal of Kiser Group, Chicagoland’s leading mid-market multifamily brokerage firm. Savings and loan crisis, Gulf War, Black Monday, 9/11, the Great Recession ... and now, the global pandemic. Every...

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Kiser Group Sees Stable Demand for South Side Multifamily

Kiser Group Sees Stable Demand for South Side Multifamily

Kiser Group’s Noah Birk and Aaron Sklar brokered 472 units and 18 multifamily properties throughout Chicago’s South Side neighborhoods in the first half of 2020. The sales totaled $31,700,000.  “Compared to last year at this time, multifamily inventory levels and...

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CRE Future Leaders: Danny Mantis

CRE Future Leaders: Danny Mantis

Danny Mantis, a broker at Kiser Group, specializes in analyzing multifamily assets in Evanston and throughout Lake County. During his brokerage career, Mantis has closed more than $70 million in multifamily transactions. future leaders danny mantis Tell us about...

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Is It Time To Buy A Multifamily Investment Property?

Is It Time To Buy A Multifamily Investment Property?

Yes, now is the time. We were already moving into a recession at the beginning of 2020. Multifamily has historically been a very good investment during a recession. Now, with the pandemic creating volatility in office, retail, industrial and other sectors, the...

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Forest Park apartment building seeks $9.8M buyer

Forest Park apartment building seeks $9.8M buyer

Chicago-based multifamily brokerage firm, Kiser Group, has exclusively listed 520 Rentals in Forest Park, Illinois for sale. Located at 520 Des Plaines Avenue, the 50-unit, mid-rise building is seeking $9.85 million. The property was built in 1960 and has been...

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Kiser Group Promotes Jack Petrando to Broker

Kiser Group Promotes Jack Petrando to Broker

Kiser Group, Chicago's leading multifamily brokerage firm, announces Jack Petrando has been promoted from Analyst to Broker.    Petrando joined Kiser Group as an analyst for Noah Birk and Aaron Sklar's Team in 2019. He has now launched as a Broker to...

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Kiser Group promotes Jack Petrando to broker

Kiser Group promotes Jack Petrando to broker

Chicago-based multifamily brokerage Kiser Group has promoted Jack Petrando from analyst to broker. Petrando joined Kiser Group as an analyst for Noah Birk and Aaron Sklar’s team in 2019. He has now launched as a broker to increase the team’s market share by...

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Kiser Group brings 45-unit West Ridge apartment to market

Kiser Group brings 45-unit West Ridge apartment to market

Chicago-based multifamily brokerage firm, Kiser Group, has listed 1901 W. Granville Avenue for sale. The 45-unit multifamily property, located in Chicago’s West Ridge neighborhood, is listed for $5,900,000 and represented by Kiser Group brokers, Rick Ofman and...

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Kiser Group markets Condo Deconversion in Old Town

Kiser Group markets Condo Deconversion in Old Town

LaSalle Towers, a residential condominium property at 1211 N. LaSalle Dr. in the North Side’s Old Town neighborhood, has been brought to market by Kiser Group. The LaSalle Towers Condominium Association, which voted a few years ago to seek a deconversion sale, is...

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More Chicago condos morphing into apartments

More Chicago condos morphing into apartments

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...

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REjournals: Downers Grove asset seeks $8.5 million buyer

REjournals: Downers Grove asset seeks $8.5 million buyer

East Village Apartments, located at 717 Rogers Avenue in Downers Grove, Illinois, has been listed for sale by Chicago-based multifamily brokerage firm, Kiser Group. The 20-unit complex comprises two, 10-unit buildings and were built in 2018 by Forth Group....

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Forbes: 14 Tips For Finding An Investor-Friendly Realtor

Forbes: 14 Tips For Finding An Investor-Friendly Realtor

If you’re looking to invest in real estate, working with an agent is often a smart decision. A professional who knows your desired market can provide insights and resources that DIY research simply can't match. While there are many knowledgeable agents out there, it...

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Commercial Property Executive: DAILY READS: April 2, 2020

Commercial Property Executive: DAILY READS: April 2, 2020

Miami construction continues. Chicago spec industrial demand is healthy. Where are lenders still lending? Here’s a batch of other critical content for you to read, listen to or watch. By the Editors of Commercial Property Executive These are the Sectors Where Real...

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REJournals: Working from home? Show us your space!

REJournals: Working from home? Show us your space!

NOAH BIRK, PRINCIPAL WITH CHICAGO'S KISER GROUP, WORKS WITH HIS TWO YOUNG ASSISTANTS. AS BIRK SAYS, "HAVING A 2-YEAR-OLD PERSONAL ASSISTANT 'HELP' WITH EVERY ASPECT OF THE DAY ISN'T QUITE AS HELPFUL AS YOU'D THINK." If you’re working from home today, you’re far from...

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OakPark.com: Condo deconversions on the rise

OakPark.com: Condo deconversions on the rise

Fifteen to 20 years ago, the Chicago-area real estate was buzzing with conversions. Apartment buildings, often the vintage variety, were rapidly bought and converted into condominiums to appease the appetites of buyers looking to purchase a small piece of the real...

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