CRE N Illinois Chicago Association of REALTORS to induct John Rutledge to its Hall of Fame The Chicago Association of REALTORS will honor and induct real estate entrepreneur, investor and civic leader, John W. Rutledge, into its Hall of Fame on September 26, 2019 at the 136th Inaugural Gala. Rutledge is the founder, president and CEO of Oxford Capital Group, which specializes in large-scale, lifestyle, hospitality-oriented real e…
CRE N Illinois Essex Realty expands with hiring of Ben Bakula, Jonathan Weissman Essex Realty Group, Inc. is adding to its team, announcing the hiring of two new associates, Ben Bakula and Jonathan Weissman.
CRE N Illinois CRE Future Leaders: Troy Beebe Troy Beebe joined Essex Realty Group in 2016 where, as a director, he focuses on multifamily and mixed-use asset sales throughout suburban Chicago. He has an entrepreneurial spirit and has started numerous businesses ranging from information technology to self-storage and moving.
Multifamily N Illinois Essex Realty Group brokers $1.3M sale of nine units in Humboldt Park Essex Realty Group, Inc. facilitated the sale of 2551-2553 W. Hirsch Street, a nine-unit corner apartment building located in Chicago’s Humboldt Park neighborhood. The property consists of one one-bed/one-bath loft unit and eight two-bed/one-bath units. The property also has basement space running the entire length of the building.
Multifamily N Illinois Essex Realty Group brokers sale of The Parker in Park Ridge for $15 million Essex Realty Group closed the sale of The Parker, a 46-unit new construction property located in Park Ridge, Illinois, one of Chicago’s most desirable suburbs. Developed by a joint venture of CA Residential and Orchard Development Group, the property was completed in 2016.
Multifamily N Illinois Essex Realty closes $6.3M sale of rental property in Chicago's Portage Park Essex Realty Group, Inc. completed the sale of The Portage Park Theater Apartments, located at 4044-4060 N. Milwaukee Avenue in the heart of Chicago’s Portage Park neighborhood. The property consists of 34 apartments and four fully leased commercial spaces totaling 5,460 square feet.
CRE N Illinois Essex Realty Group adds two new hires to suburban team Essex Realty Group, Inc. announced the hiring of two new team members, Derek Kaptanoglu and Anthony Citriglia. Both will focus on multifamily transactions in the suburban market, supporting the group led by Brian Kochendorfer, managing director for Essex Realty Group.
Multifamily N Illinois Essex Realty Group brokers sale of 62 units in Kenwood Opportunity Zone Essex Realty Group, Inc. announced the sale of 4625 S. Drexel Boulevard. The 62-unit apartment building is located in Chicago’s Kenwood neighborhood and sold for approximately $4,325,000.
Multifamily N Illinois Chicago's multifamily market thriving, evolving With all the activity going on in multifamily these days, many question what the next frontier of this asset class looks like. Yesterday morning, over 225 people had their questions answered at the 10th Annual Chicagoland Multifamily & Affordable Housing Real Estate Summit, hosted by REjournals.
Multifamily N Illinois Essex Realty Group brokers the sale of 91-unit Oak Park portfolio Essex Realty Group, Inc. has sold two multifamily buildings with a total of 91 units in Oak Park, Illinois for an undisclosed sales price. Essex Realty Group’s Doug Fisher and Kate Varde represented the seller and Jim Darrow represented the buyer on the transaction.
CRE N Illinois CRE Future Leaders: Abe Eilian As part of our series, CRE Future Leaders, we caught up with Abe Eilian, director at Essex Realty Group. He concentrates primarily on asset valuation, market research and transaction analysis, assisting clients in the acquisition and disposition of investment real estate throughout the greater Chicago metropolitan area. To date, Eilian has …
Multifamily N Illinois Deconstructing deconversion Condo deconversion is a undeniable trend in Chicago. That’s why over 150 people came out to the Montgomery Club on October 18, 2018 to hear expert speakers discuss the ins and outs of this often complex, often lucrative real estate practice at the first annual Deconstructing Deconversion conference.
Multifamily N Illinois What property types are the best targets for deconversion? 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 overtaken some neighborhoods in Chicago.
Multifamily N Illinois Kiser Group brokers seven buildings for $2.8M on Chicago's South Side Chicago-based mid-market multifamily brokerage Kiser Group recently brokered a four-building portfolio and three other multifamily buildings on Chicago’s south side. With the second quarter closed, senior director Noah Birk and director Aaron Sklar have 30 buildings either sold or under contract throughout south side neighborhoods.
Multifamily N Illinois Essex Realty brokers multifamily building sale in Albany Park Essex Realty Group, Inc. has facilitated the sale of 4954 N. Ridgeway Avenue in Chicago for approximately $3,850,000. The property was originally built as rental apartments, but redeveloped and converted into condominiums in 2007.
Multifamily N Illinois New construction opportunity in Old Town Essex Realty Group has been exclusively engaged to market for sale The Northland at 1550 N. Wieland in Chicago. The 61-unit mixed-use property in the city’s Old Town neighborhood presents a rare opportunity to acquire a large luxury new construction apartment building in the heart of Old Town.
Multifamily N Illinois Essex Realty brokers several mid-market deals Essex Realty Group has brokered the sale of several unique mid-market properties. The seven transactions, which included condo deconversions, multifamily and mixed-use properties, accounted for approximately $28 million.
Multifamily N Illinois Chicagoland Apartment/Multifamily Summit 2018 For the ninth straight year, REjournals has hosted its Chicagoland Apartment/Multifamily Summit. This year, over 300 industry professionals came out to the Montgomery Club to network and hear CRE professionals discuss trends in the multifamily sector.
Multifamily N Illinois How much of a boon to multifamily are corporate relocations? Chicago has welcomed a number of high-profile corporate relocations in recent years and made Amazon’s short list for a second headquarters. If the city were to land HQ2—or another huge office expansion/relocation, now that Apple has started its own site selection sweepstakes—how would the region’s multifamily sector respond?
CRE N Illinois Essex Realty Group promotes Jordan Multack to director Jordan Multack has been promoted to a director from associate at Essex Realty Group, Inc., Chicago’s leading investment real estate brokerage company.