Chicago

Buena Park deconversion trades for $4.6 million

Marcus & Millichap brokered the deconversion sale of 4072 N. Sheridan Road, a four-story, 16-unit multifamily building in Chicago's Buena Park neighborhood. Chicago-based Bertsch Properties…

Industrial leasing sees 20 percent upswell

One would think that Chicago's industrial market was already racing ahead at top speed. But last quarter, the sector found another gear as 8.67 million…

Nooshin Felsenthal joining Tishman Speyer’s Chicago office

Nooshin Felsenthal, a managing director in JLL’s Chicago office, is reportedly leaving to join New York-based developer Tishman Speyer. She will manage acquisitions and development…

Vermilion breaks ground on 55-unit Alcove Wicker Park

Chicago-based Vermilion Development has started construction on Alcove Wicker Park, a new development of 43 condominiums and 12 townhomes located between Division Street and Milwaukee…

Doing WELL at 500 feet

In June 2019, 151 North Franklin became the nation's first WELL-certified Core & Shell v1 Gold high-rise. Unlike LEED which focuses on reducing a building's…

The suite smell of parking success

Parking is an invaluable asset for developers and building owners. Well-designed and implemented parking resources increase any property's value, while poorly conceived parking can undermine…

Relocating to Chicago? These are where the rents are highest.

Compared to major cities on the coasts, Chicago remains an affordable option. But all things are relative so Chicago residents—or those looking to relocate here—will…

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…

Marcus and Millichap sells two mixed-use properties in Wicker Park, Rogers Park

Marcus & Millichap recently closed on two separate mixed-use property sales in Chicago. One, located  in the city's Wicker Park neighborhood, went from contract to…

Proper property management: The fine art of listening to your tenants

When looking for cost-effective ways to add value to a property, there are three things to focus on. For maximum results, the key changes are…