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.

SOLD: SITE OF FORMER NEW CITY YMCA, CHICAGO, IL

CLIENT: PRIVATE REAL ESTATE FUND
A brief receivership by RE|SOLUTIONS of this well-known Chicago site concluded with the developer paying off its loan of $39 million to the lender and relaunching its plans for a commercial and residential complex.  Structured Development, LLC, with an investment from John Bucksbaum, former chairman of General Growth Properties, Inc., and a new loan from JP Morgan Chase Bank, plans to start construction in late 2012 on 370,000 SF of retail space plus 280 apartments on this 8.2 acre piece of land that sits at the intersection of Clybourn and Halsted Avenues.

SOLD: 20 S ROSELLE AT TOWN SQUARE, SCHAUMBURG, IL

CLIENT: PRIVATE REAL ESTATE FUND
We successfully marketed and sold this property after assisting the seller in the selection of a qualified buyer from a pool of potential buyers. 

  

MANAGED & SOLD: Columbia Apartments, Chicago, IL

CLIENT: CMBS SPECIAL SERVICER
As Receiver and Property Manager for this apartment building in the northern Chicago neighborhood of Rogers Park, we addressed deferred maintenance items, improved the occupancy and prepared it for sale.

Managed: Glenlake Professional Center, Glenview, IL

CLIENT: SPECIAL SERVICER
We handled the property management of this 83,000 SF medical office building located in Glenview, a northern suburb of Chicago.  Occupancy at takeover was 74%.

 


MANAGED & SOLD: KENNEDY BUSINESS CENTER, AKRON, OH

CLIENT: CMBS SPECIAL SERVICER
While acting as Receiver and Property Manager during the foreclosure process of this 170,000 sf industrial building, we collected offers from credible buyers, identified and recommended the highest and best offer and completed the Receiver Sale in only 16 days.

MANAGED: PARK PLACE APARTMENTS, JANESVILLE, WI

CLIENT: CMBS SPECIAL SERVICER
We were selected to perform Property Management and Leasing for this this distressed, four apartment building complex with 208 units.  After a short period of time, we were able to remove delinquent tenants, repair deferred maintenance, and dramatically improve occupancy from 62% to 90%.

MANAGED & SOLD: 1412 CHASE, CHICAGO, IL

CLIENT: CMBS SPECIAL SERVICER
During our tenure as Receiver and Property Manager of this mid-rise, 56 unit vintage apartment building we improved occupancy from 77% to 91% by responding to tenant concerns (i.e., repairing inoperable elevators) and by implementing an aggressive leasing plan. We also attended to numerous code violations and discovered and remedied dangerous facade delamination.