Willowbrook
REAL ESTATE
Interra Realty Brokers $9.3 Million Sale of 114-Unit Multifamily Portfolio in Chicago’s South Shore and Woodlawn Neighborhoods
CHICAGO, IL - Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered the sale of a three-building, 114-unit multifamily portfolio on the city’s South Side for $9.3 million, or $81,578 per unit. Two buildings, 7131 S. Bennett Ave. and 1949 E. 73rd Ave., are located in the South Shore neighborhood, while the third property, 6600 S. Ingleside Ave., is in the Woodlawn neighborhood.
Inland Takes Chicago Retail-Focused DST Full-Cycle, Delivers 1.75x Equity Multiple to Investors
Real estate investment manager Inland Private Capital Corporation has sold a retail property currently leased to Best Buy and Golf Galaxy in Downers Grove, Ill., a southwest suburb of Chicago. Inland facilitated the sale of the property on behalf of Downers Grove Retail DST, one of Inland Private Capital’s 1031 investment programs.
CBRE closes 15,473-square-foot office in renovated Canal Station building in Chicago
CBRE has arranged a new 15,473-square-foot lease on behalf of its client, R.M. Chin & Associates, the first lease within the newly renovated Canal Station building at 801 S. Canal St. in Chicago. CBRE’s Bill Sheehy and Brady Wolfe represented the tenant, R.M. Chin & Associates, in the transaction. Telos’...
Becovic Acquires Two Edgewater Multifamily Properties
Becovic Residential, a Chicago-based multifamily owner and operator, has added two apartment communities to its Edgewater offerings. The Winthrop House, located at 5718 N. Winthrop, was purchased for $10.25 million. The Kenmore Commons property, located at 6134 N. Kenmore, was purchased for $7.25 million. The deals were brokered by Interra...
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