MANAGED: GLEN TOWN CENTER, GLENVIEW, IL

CLIENT: SPECIAL SERVICER
We took over the Glen Town Center as receiver and property manager and were quickly able to inject the 267,000 SF multi-tenant lifestyle retail center with positive energy and new leasing resulting in an increase in occupancy from 84% to 90%. Our activity facilitated a successful sale of the property in the Summer of 2014.

MANAGED: SOMERSET, FOXWOOD, COURTYARD & CONKLIN APARTMENTS, ROCKFORD & BELVIDERE, IL

CLIENT: CMBS SPECIAL SERVICER
Selected as receiver for this 4 property, 228 apartment unit portfolio in Rockford and Belvidere, Illinois.  As property manager, our assignment also included securing against criminal elements in the area, administering subsidy programs, and completion of capital improvement projects.

MANAGED: 2070 MAPLE STREET, DES PLAINES, IL

CLIENT: SPECIAL SERVICER
After managing the property for three years, we vacated the property so that it could be sold to an investor for redevelopment.

 

 

 

Managed & Sold: 224 N Des Plaines, Chicago, IL

CLIENT: SPECIAL SERVICER
In fall of 2012, we took over as receiver and property manager of this 80,000 SF multi-tenant loft office building in Chicago’s West Loop.  In the first quarter of 2013, we completed a receiver sale of the building which resulted in a 95.5% recovery of the debt for our client.

 

 

SOLD: SALE NON-PERFORMING LOAN ON GAS STATION IN OAK PARK

CLIENT: BANK
We completed the sale of a non-performing loan secured by a high volume gas station located in Oak Park, IL.

 

Managed: 22333 Classic Court, Lake Barrington, IL

CLIENT: SPECIAL SERVICER/BANK
The assignment involved receivership and property management of a vacant 10,000 SF offfice warehouse property (50% office) located in Lake Barrington, IL.

 

 

MANAGED & SOLD: VALPARAISO WALK, VALPARAISO, IN

CLIENT: SPECIAL SERVICER
We acted as receiver, property manager and oversaw leasing for this 138,000 SF regional retail center anchored by Best Buy, Marshall’s, Bed Bath & Beyond, and Michael’s.  RE|SOLUTIONS increased occupancy at the property to 100% occupancy and it was sold to Inland Real Estate Corp.  in December 2012 for $21.9 million – a 100% recovery of the outstanding debt amount.

MANAGED & SOLD: WILMINGTON ON DREXEL, CHICAGO, IL

CLIENT: SPECIAL SERVICER
We acted as receiver and manager for this low income, 122 unit vintage apartment building.  We implemented operational improvements and completed repairs to units in order to stabilize property and ready it for sale.

 

 

MANAGED: FOUNTAINBLEU COURT, HAZEL CREST, IL

CLIENT: SPECIAL SERVICER
A Special Servicer client engaged us to take over the management and leasing for this 38,000 SF, 65% occupied retail strip center located in Hazel Crest, a southern suburb of Chicago and added tenants and improved the occupancy.

 

MANAGED & SOLD: FOX VALLEY WALK, AURORA, IL

CLIENT: CMBS SPECIAL SERVICER
As receiver and property manager for this 15,500 SF Multi-tenant retail outlot, we increased occupancy of this center from just over 50% to 80%.