50 results for “deconversion”
Multifamily N Illinois

Not a passing craze: Deconversions still strong in Chicago

| Matt Baker

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 units. Since then, however, news of these condo-to-rental deals has been slow. Is this a sign that the trend itself is st…

Multifamily N Illinois

Luxury Living Chicago Realty begins leasing River City Apartments

With the kick off of leasing at River City Apartments, Luxury Living Chicago Realty has revealed the renovated one-bedroom model unit. Designed by Devon Grace Interiors, renovated units include quartz countertops, white cabinets, custom closets, in-unit washer and dryer and wood-plank floors. Units are now available for new residents at the…

Multifamily N Illinois

Interra Realty brokers deconversion sale on Chicago’s North Side

Interra Realty, a Chicago-based commercial real estate investment services firm, has brokered the deconversion sale of 2000 W. Birchwood Avenue, a 16-unit condominium building in Chicago’s Rogers Park neighborhood. Interra managing partner Brad Feldman and director Adam Saxon represented both the buyer and seller in the transaction, which a…

Multifamily N Illinois

Sale of River City marks largest ever Chicago deconversion

The River City Condo Association agreed to a bulk sale of all 449 residential units, making River City the largest condominium deconversion in Chicago history. A newly formed joint venture among The Wolcott Group, Marc Realty, Ruttenberg Gordon Investments and funds managed by Elliott Management Corporation purchased River City. The new own…