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Transforming Chicago’s ‘West Fulton Market’ Into The City’s Next Great Area
News

Transforming Chicago’s ‘West Fulton Market’ Into The City’s Next Great Area

... in the transformation of Chicago’s core. The developer currently manages more than 15,000 apartments across the country, and ... Park. “Residents of both of these developments get that suburban neighborhood feel, including trees, grass, parks, playgrounds, all ...

Apr 14, 2023
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Multifamily Housing May Be Picking Itself Off The Mat After Tough 2020
News

Multifamily Housing May Be Picking Itself Off The Mat After Tough 2020

... Chicago Business, citing data from Integra Realty Resources. Rents also declined, falling between 18% and 23%, depending on the class of apartments. Suburban ... damage the economy, a steady demand for Chicago-area apartments should return. “We’ve weathered the ...

Feb 11, 2021
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Equity Residential Returns To Atlanta With Midtown Skyhouse Purchase
News

Equity Residential Returns To Atlanta With Midtown Skyhouse Purchase

... benefit from “a significant rental premium” of the newest apartments because of escalating construction costs. “The limited number of ... few months in Metro Atlanta as investors flock to both suburban apartments and urban high-rises. “[Atlanta] is one of the ...

Jul 07, 2021
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Declining Membership At Masonic Temples Gives Residential Developers A New Source Of Units
News

Declining Membership At Masonic Temples Gives Residential Developers A New Source Of Units

... developers to satisfy the growing demand for apartments with distinctive architecture. Chicago-based R2 Cos. has identified another kind ... 1453 Maple Ave. in north suburban Evanston, a 1928 structure designed by famed Chicago architect John Holabird. The ...

Mar 16, 2022
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governors-house-apartments-university-park-il
News

Workforce Housing May Be Cheap To Rent, But It Promises Strong Returns For Investors

... Cos. just completed its latest south suburban buys, the $17.4M purchase of Central Park Apartments, a 220-unit community in Park ... $50 and $150.  Cap rates for multifamily communities near Chicago’s downtown core frequently sink below 5%, according to a ...

Oct 10, 2019
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Multifamily Developers Set For 'Pandemic Pivot' Into Workforce Housing
News

Multifamily Developers Set For 'Pandemic Pivot' Into Workforce Housing

... the Sun Belt over gateway cities like Chicago or coastal markets, Smith said. ... greatly increased CRG’s confidence in suburban Atlanta towns such as Alpharetta and ... is turnover,” he said. Turner keeps apartments filled by also providing free employment ...

Dec 10, 2020
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poah3
News

POAH Spreads Its Wings Again

... Chicago and suburban Harvey.  In Austin, POAH purchased two buildings at 325 and 345 North Austin St. with a total of 94 apartments ... 2008, including the 700-plus new or rehabbed apartments in Chicago’s Woodlawn neighborhood that replaced the decayed Grove ...

Jun 13, 2019
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Census Figures Point To A Splendid Future For Downtown, Possible Troubles For The South And West Sides
News

Census Figures Point To A Splendid Future For Downtown, Possible Troubles For The South And West Sides

... housing group, which has developed and managed thousands of apartments throughout Chicago's South and West Sides, said the latest ... the fact most counties in Illinois lost population while suburban collar counties were stagnant or grew slowly, the population ...

Aug 18, 2021
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Deer Creek
News

Condominium Deconversion Sales Continue In The Suburbs

... attempt, you might think deconversions were dying in Chicago. But out in north suburban Gurnee, one just got done, showing such opportunities ... are worth as condos, and what they are worth as apartments,” 33 Realty’s Sean Connelly said. Connelly and his ...

Oct 08, 2019
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Phoenix Makes The Case For Space In A Post-Coronavirus Market
News

Phoenix Makes The Case For Space In A Post-Coronavirus Market

... to spring training tourists. “We have Chicago-style pizza and being on the Loop ... places us about 10 miles from the Chicago Cubs’ spring training stadium at the Loop ... COVID market could shift more from urban to suburban office spaces,” Stratz said. “That is ...

May 08, 2020
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