Multifamily N Illinois Kiser Group seeking $36 million for Lakeview condo deconversion A 115-unit condo deconversion, being marketed as Barry Quad, has been listed for sale by Chicago-based multifamily brokerage firm Kiser Group. The condo deconversion consists of three buildings and is being offered at $36,000,000. Listing agents for the assignment are Kiser Group’s Andy Friedman and Jake Parker.
Multifamily N Illinois Upshore Chapter nears completion in Chicago's Uptown Upshore Chapter, a 149-unit apartment building in Chicago’s historic Uptown neighborhood, is nearing completion. Developed by CRG, the twelve-story glass tower at 4555 N. Sheridan Road will welcome first move-ins next month.
Multifamily N Illinois Chicago's condo and rental markets: A mid-year check-up As the Chicago area continues to create high-paying white-collar jobs, the demand for housing has kept up. How has the multifamily sector performed during the first half of 2019, and does the outlook for the rest of the year suggest that developers and brokers will be busy?
Multifamily N Illinois 33 Realty brokers $7M deconversion sale of 49-unit property in Uptown Chicago-based commercial real estate firm 33 Realty recently brokered the $7,000,000 sale of a 49-unit condo building located at 918 W. Winona Street in Chicago. The out-of-town buyer presented the association with an all-cash offer at asking price.
CRE N Illinois Englewood Construction tapped for Fulton Market, Uptown projects Englewood Construction has been named general contractor for two Chicago-area projects: the conversion of a former meatpacking building in Chicago’s Fulton Market neighborhood for future commercial use, and the construction of a new 6,000-square-foot retail building in Chicago’s Uptown neighborhood.
Retail N Illinois Mixed-use Uptown building sells for $1 million Marcus & Millichap completed the sale of a 6,000-square foot, mixed-use property located in Chicago, according to David G. Bradley, regional manager of the firm’s Chicago Downtown office. The asset sold for $1,010,000.
Multifamily N Illinois CEDARst Companies closes on new property at Broadway and Foster in Chicago A new TOD development in Edgewater is about to take shape at 1137 W. Foster Avenue. CEDARst Companies will invest nearly $8 million to develop a new multifamily property on the 10,500-square-foot lot at the southeast corner of Broadway and Foster.
Multifamily N Illinois Vintage multifamily property sells in Chicago's Uptown for $5.75 million Essex Realty Group, Inc. has brokered the sale of 4400 N. Magnolia Avenue, a vintage, 36-unit, corner walk-up apartment building at the intersection of Magnolia and Montrose in the Sheridan Park submarket of the Uptown neighborhood in Chicago.
Multifamily N Illinois Mixed-use Uptown development receives financing CEDARst Companies has secured financing for The Draper at 5050 N. Broadway, a mixed-use development project in Chicago’s Uptown neighborhood. The recent closing allows CEDARst to complete the first of two planned phases on the development. Total project costs for Phase I are estimated at $115,450,000; CEDARst raised $41 million of project equity.
Finance W Minnesota CBRE team closes more than $52 million in financing in November Joel Torborg and Ben Bastian of CBRE Minneapolis’s Debt and Structure Finance team arranged more than $52.3 million in SBL financing across 22 properties with 672 units in the month of November. Included within that total were two large multifamily portfolios in the popular Uptown and Eat Street neighborhoods of Minneapolis.
Multifamily N Illinois Uptown multifamily property sells at $2.3M SVN Chicago Commercial senior vice president Jeff Baasch has completed the sale of a 12-unit multifamily building at 830-32 W. Leland Avenue in Chicago’s Uptown neighborhood. The asset sold for $2,350,000 or $196,000 per unit. Jeff Baasch represented the seller. The property was a condo-quality apartment building that was 100 percent occupi…
Multifamily N Illinois Monarch Realty Partners conducts several multifamily deals in the Chicago MSA Monarch Realty Partners has recently completed several Chicago-area multifamily transactions totaling more than $15 million, according to Bill Baumann, managing broker and principal at the Chicago-based real estate brokerage company. The transactions were located in suburban Evanston as well as the Bucktown, Rogers Park and Uptown neighborh…
Multifamily N Illinois CBRE completes $9.2M in Chicago condo deconversions CBRE recently completed two condo deconversion sales in Chicago for a total of $9.2 million. In both transactions, Sam Haddadin and Justin Ross of CBRE represented the condo associations in the sale. The buyers of each property will deconvert the condo units and reposition them as rental properties.
CRE N Illinois Interra Realty promotes Craig Martin to managing partner Interra Realty, a Chicago-based commercial real estate investment services firm, announced it has promoted Craig Martin to managing partner, from director. In addition, the firm as hired Eric Biel as office manager.
Multifamily X Missouri Newmark Grubb Zimmer sale paves way for Uptown Lofts in KC Newmark Grubb Zimmer brokered the sale of the Uptown Shoppes retail center in the Midtown neighborhood of Kansas City, Missouri, paving way for the Uptown Lofts, a $55 million-dollar mixed-use apartment complex.
CRE N Illinois Adrian Smith and Gordon Gill to be honored at Marshall Bennett Institute gala Adrian Smith, FAIA, RIBA and Gordon Gill, FAIA, the leaders of renowned Chicago architecture firm Adrian Smith + Gordon Gill Architecture (AS+GG), will be honored on Thursday, November 8, 2018 with the Lifetime Industry Leadership Award at the 17th annual Real Estate Gala hosted by the Marshall Bennett Institute of Real Estate, Roosevelt Un…
Multifamily N Illinois Is the robust pace of multifamily development restraining improvement in Chicagoland vacancy? A quickening pace of job growth has led to more household formation, and thus underpinning demand in Chicago and elsewhere for apartment space. While net absorption picked up considerably during the first half of this year, particularly in urban areas, new supply continued to weigh on vacancy improvement over the past year.
Multifamily N Illinois 33 Realty sells Uptown mixed-use 33 Realty has arranged the $3,300,000 sale of 4751-4759 N. Sheridan Rd in Chicago’s eclectic Uptown neighborhood. Completed in 1908, this 23,000-square-foot, mixed-use property is comprised of 14 apartments and five commercial spaces.
Multifamily N Illinois CRG unveils its Bucktown development, A.M. 1980 CRG is developing A.M. 1980, a multifamily rental building at the intersection of Milwaukee and Armitage Avenues in Chicago's Bucktown neighborhood. Located at 1980 N. Milwaukee Avenue, just south of Logan Square, the new building will be 110,000 square feet with approximately 132 units and 16 parking spaces.
Multifamily N Illinois CRG to break ground on multifamily project in Chicago's Uptown neighborhood CRG, the real estate development arm of Clayco, is breaking ground to develop a multifamily apartment building in Chicago’s historic Uptown neighborhood at the intersection of Sheridan Road and Wilson Avenue. Located two blocks from the Red Line Wilson stop at 4555 N. Sheridan Road, construction will proceed throughout the next year, with d…