Multifamily N Illinois
Draper and Kramer acquires 180-unit luxury rental community in Schaumburg

Draper and Kramer acquires 180-unit luxury rental community in Schaumburg

Chicago-based Draper and Kramer, Incorporated has expanded its Chicago-area portfolio with the acquisition of North 680, a recently built, 180-unit luxury rental community in Schaumburg, Illinois. The property was purchased as part of a 1031 exchange following the firm’s sale of Fieldpointe of St. Louis, a 318-unit community in the St. Louis suburb of Maryland Heights, Missouri. The Chicago office of CBRE brokered the sale of North 680.

Multifamily N Illinois
Habitat team members including founder and chairman Daniel Levin (center), president Matt Fiascone (to Levin's left) and executive vice president, property management Sheila Byrne (to Levin's right), gathered in front of the newly renovated East Park SRO on Tuesday, Nov. 13.

Mayor Emanuel, The Habitat Company cut ribbon on East Garfield Park SRO

Chicago-based multifamily developer and property manager, The Habitat Company, completed a $16 million acquisition and rehabilitation of a 153-unit single room occupancy (SRO) community in Chicago’s East Garfield Park neighborhood. Mayor Rahm Emanuel attended the ribbon-cutting ceremony, along with 28th Ward Alderman Jason Ervin, city officials, Habitat team members and residents of the building.

Multifamily N Illinois
Marco Cesario;Kiser Group

Kiser Group adds Marco Cesario to brokerage team

Kiser Group has hired Marco Cesario as the firm’s newest broker. Cesario, 38, has brokered more than $100 million of land, multifamily, mixed-use, residential, retail and office leasing transactions in his 14-year career. Prior to joining Kiser Group, Cesario worked for a large national firm and a local firm.

Multifamily N Illinois
Triton sells vintage Lakeview apartment building

Triton sells vintage Lakeview apartment building

Triton Realty Group recently sold a six-unit apartment building located at 1228 W. Diversey Parkway in Chicago, according to Matthew A. Fritzshall, president and managing broker of the firm. The asset sold for $2,400,000 which represents a $400,000 price per unit sale at a 6.25 percent capitalization rate, one of the highest per unit sales comparables in the last two years.

Multifamily N Illinois
3Eleven becomes first Midwest multifamily building to achieve Fitwel certification

3Eleven becomes first Midwest multifamily building to achieve Fitwel certification

The John Buck Company’s 3Eleven, located at 311 W. Illinois Street in Chicago, recently became the first multifamily building in the Midwest to be awarded Fitwel certification—a building analysis standard that gauges how a property’s design, development and operations support the physical, mental and social health of its residents. Earning a Fitwel Star Rating signals to employees, residents, investors and others that wellness is a priority.