Multifamily N Illinois
Avison Young negotiates 268-unit Kennelly Square condo deconversion in Chicago

Avison Young negotiates 268-unit Kennelly Square condo deconversion in Chicago

Avison Young has completed the sale of Kennelly Square, a 268-unit condominium building located in the Old Town neighborhood of Chicago. The buyer, Strategic Properties of North America, has plans to convert the units into rental apartments. This strategy reflects a growing trend in Chicago’s multifamily market as investors and developers identify opportunities to meet strong demand for rental units.

Office N Illinois
NAI Hiffman represents ownership in sale and leasing of office complex

NAI Hiffman represents ownership in sale and leasing of office complex

NAI Hiffman announced the recent sale of 8601-8623 W. Bryn Mawr Avenue and 8600-8622 W. Catalpa Avenue in Chicago. Jonathan Berger of Berger Asset Management LLC, purchased the office complex from AREI (InterPark), LLC with the plan to revitalize and reposition the asset. NAI Hiffman was the sole broker in the sale, which was completed through the NAI Hiffman team of executive vice president John Cash, senior vice president Art Burrows and vice presidents David Haigh and Steve Chrastka.

CRE N Illinois
The Dancing with the Brokers event was held at Alhambra Palace in Chicago’s Fulton Market neighborhood on May 23rd.

Dancing with the Brokers winners announced

For the third year, The Box It Foundation presented Dancing with the Brokers (DWTB), where Chicago real estate and construction professionals faced off in a dance competition to raise money for charity. Each couple consisted of a CRE professional and a professional dancer from the country’s leading dance company, Arthur Murray. This year, the event raised $300,000 for various charities.

CRE N Illinois
Chelsey Ginder;Mid-America Real Estate Corporation

Mid-America Real Estate hires Chelsey Ginder

Chicago-based Mid-America Real Estate Corporation added Chelsey Ginder as part of Mid-America’s single tenant net lease investment sales team. In her new position as vice president, Ginder will be specializing in generating and executing single tenant net lease investment sale assignments.