Multifamily N Illinois
SVN brokers East Village multifamily sale for $1.3M

SVN brokers East Village multifamily sale for $1.3M

A four-unit multifamily building which featured recent gut renovation sold at 1761 W. Augusta Boulevard in Chicago’s East Village neighborhood. SVN Chicago Commercial’s Cawthon-Labriola Group advisors Paul Cawthon and Angelo Labriola were the sole brokers in the transaction. After receiving multiple offers, the property went under contract within days of releasing it to the market. The asset sold for $1,300,000.

Multifamily Midwest
The sector with the strongest outlook? It's not industrial

The sector with the strongest outlook? It's not industrial

Which commercial sector is the strongest? Across the Midwest and the United States, it’s long been a battle between industrial and multifamily. A new report, though, suggests that rising demand and slowing construction will provide an additional boost to the multifamily sector starting in 2020. And that small boost could mean a future that’s slightly brighter for multifamily than it is for industrial.

Multifamily N Illinois
First peek at the Tribune Tower Residences

First peek at the Tribune Tower Residences

Nearly a century ago, the Chicago Tribune launched an architectural competition to design a new headquarters. The resulting building—an iconic, neo-Gothic gem on Chicago’s famed Michigan Avenue—will welcome residents instead of office workers when the Tribune Tower Residences opens next year.