Condo Deconversions: Why They Won’t Pick Up On Chicago’s South Side
I’m frequently asked which neighborhoods I think are best suited for condominium deconversions, and why. Perhaps as interesting are areas that generally won’t work well, and neighborhoods throughout the south side of Chicago are a great example of this. At first...
Things you need to know, but probably don’t, when looking at vintage condominiums
Before buying a “starter” condo, we need to explore the history of the building and how that impacts your investment. The housing bubble in the mid-2000s created a massive amount of “new” condominiums in Chicago. Developers purchased vintage (pre-1929 construction)...
Five Commercial Real Estate Trends I’m Paying Attention To In 2019
By Andy Friedman, Kiser Group It already feels like 2018 is a distant memory as we enter the second month of the new year. Reflecting on last year, I thought I’d share some ideas on topics I find relevant and interesting and share why they are still on my radar for...
The Condominium Conversion-Deconversion Pendulum
As we continuously examine the deconversion trend at Kiser Group, we look for as much information as we can to try to understand how much longer it will last. We recently looked at our historical data to see how many of each year’s sales were conversions or deconversions out of our total multifamily sales, and we produced the chart below.