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 & 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%.

Sold: 1600 S Wabash, Chicago, IL

CLIENT: BANK
Within 60 days of listing, we were able to sell this foreclosed commercial condo in the South Loop of Chicago at an attractive price for the client.

 

 

SOLD: 6622 S Stony Island, Chicago, IL

CLIENT: PRIVATE REAL ESTATE FUND 
We provided Receivership & Property Management for this 19-unit, vacant brick multifamily building located in Chicago’s Woodlawn neighborhood. We determined early on that the building was a major safety hazard to its tenants that could not be easily rectified so we vacated and boarded up of the building.  After foreclosure, the building was sold to a local investor.

MANAGED & SOLD: 1003 N ASHLAND, CHICAGO, IL

CLIENT: PRIVATE REAL ESTATE FUND 
During the forecosure, we acted as Receiver and Property Manager for this mixed-use commercial/residential building located in Chicago’s Noble Square neighborhood.  During our tenure, we were able to maintain the residential occupancy at 100% and complete a long term lease securing the restaurant tenant.