Jan 27, 2016 | Blog
By all appearances the Chicago suburbs are struggling; large corporations have been reducing their exposure to suburban commercial real estate at an alarming pace for the last 5 years. However, suburban apartments built in the 1960’s and 70’s continue to thrive because they serve a market with insatiable tenant demand. As a guide, we broke downSuburban Chicago’s class B & C multi-family sales records of closed transactions in 2015 in various counties.
Nov 11, 2015 | Blog
In a business where crunching, analyzing and re-analyzing numbers is at the core of every deal, one number separates itself from the rest:
(Net Income) / (Sale Price) = Capitalization Rate
Oct 30, 2015 | Blog
For those of us who habitually track the market, it seems on a weekly and sometimes daily basis, Chicagoland apartment buildings are trading at jaw dropping prices. Low cap rates, high multiples, and record breaking sale comps have been happening for years now and not just choice Chicago neighborhoods; this phenomena has extended to the suburbs as well. The question is, why?
Oct 23, 2015 | Blog
EUBA's November meeting is about microunits, SRO's, TOD — everything you ever wanted to know about zoning.
Oct 8, 2015 | Blog
I had a 50/50 chance of being right last month when I predicted that the Fed would err on the side of caution at their September FOMC meeting and keep rates at current near-zero levels. I was right and, let me be the first to admit – it was pure dumb luck! They could just as easily have moved rates up a notch. Lots of people who know a heck of a lot more about all of this than I do believed very strongly that they would do just that. They were wrong this time – but they won't be wrong forever…
Oct 7, 2015 | Blog
A couple weeks ago my colleague, John Meyer, wrote a blog about why selling is becoming increasingly tempting for long-term owners (click to read here if you missed it). This prompted an invitation from the Lakeview Developers Association asking for John and I to come expand on the idea. We spoke to a group of about 30 long-term owners in what ended up being a very lively forum. The biggest take away for me? Some of these owners would sell, if they didn't have to pay such a high capital gains tax.
