Jun 3, 2019 | News
By Matt Baker, RE Journals Every year since the end of the recession, the condo deconversion movement has gained steam. This late in the cycle, however, many are beginning to question whether this engine will start to seize up. Over a dozen experts all agreed that the...
May 15, 2019 | News
By Matt Baker, RE Journals There were two major condo deconversion deals announced in Chicago at the close of 2018: Kiser Group’s deconversion of the 250-unit Flats on LaSalle and the sale of River City, the largest such deal for the market at 449...
Aug 14, 2018 | News
By Matt Baker, REJournals Commercial buildings rarely retain one use. Office buildings transform into residential, post offices become retail and shuttered factories can go self-storage. In this context, it’s easier to grasp the condo deconversion trend that has...
Jul 9, 2018 | Blog
Condominium deconversions are a hot topic in commercial real estate today, and I don’t think it’s just the latest trend. As condominium stock built in the 70s and older continues to age and need updates, modernization and capital improvements, owners continue to spend... 