#BisnowCrystalBall

January’s a month of forecasts, as we look ahead and hope for above-freezing temperatures and easily digestible interest rates. On the multifamily front, First Western Properties’ Paul Tsakiris (snapped in Greece) says we’ll see the return of the now-liquid individual investor, especially in peripheral areas like Old Irving, Pilsen, and Belmont Cragin. The cost of capital for individual investors is substantially higher than most of the investment groups and funds (many from out of state) currently acquiring properties in the city’s core metro areas, explaining their new focus on outlier submarkets. In the later part of ’14, expect South Side neighborhoods and neglected suburbs like Calumet City and Blue Island to receive much more investor attention, he says. Got a market prediction? Tweet it with #BisnowCrystalBall and we will print the best ones here!

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Chicago Newsletters
Related Stories

Federal Government To Sell Nearly 31K SF In Five Points: The Denver Deal Sheet

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Artificial Intelligence Companies Reshaping Dublin Office Demand As OpenAI Confirms HQ

Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Empire State Building Observation Deck Hemorrhaging Visitors, Value

Cortland, Pulte, INVH, Walker & Dunlop Execs Talk Changing Demographics, AI

America's War Machine Is Growing, Sparking A Defense Real Estate Boom

Boca Raton's New Leaders Throwing 'All Kinds Of Curveballs' At Developers

CBRE Posts 16% Revenue Growth In Q2 As Data Center Business Shines

How Metropolis Is Bringing Parking Into The Future With AI And Recognition Technology

While Chicago Development Stalls, Fulton Market Keeps Building