33 Realty brokers deconversion sale in Gurnee
33 Realty has brokered the $18,500,000 deconversion sale of 198 condo units at Deer Creek at 1600, 1700 and 1800 Wedgewood Drive in Gurnee, Illinois.…
deconversion
Did Chicago just deep-six deconversions?
Chicago's City Council has passed a resolution to increase the voting threshold on condo deconversions. Now, any building looking to switch from condo to rental…
Are deconversions doomed? New legislation looks to heighten the barrier to entry
Chicago's condo deconversion trend seems to have slowed a bit compared to years past, but there are still deals happening and interest in all quarters…
Lodge Financial closes $12.5 million in financing for Chicago deconversion
Lodge Financial successfully secured long term financing on a 64-unit condo deconversion with 64 different sellers. The $12,500,000 purchase price was supported by a loan…
Kiser Group brokers 64-unit condo deconversion in Uptown for $12.5 million
Kiser Group recently brokered Dover Court Condominiums in Chicago for $12.5 million in a Section 15 deconversion sale. The buyer, Neriel Lagoon LLC, acquired the…
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…
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…
The experts speak, digging into the details on condo deconversions
Every year since the end of the recession, the condo deconversion movement has gained steam. This late in the cycle, however, many are beginning to…
Gold Coast condo building seeks deconversion buyer
CBRE has been retained to list 21 East Chestnut Condominiums, a 163-unit condo property in Chicago, for deconversion to apartments. Built in 1962 and converted…
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.…