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August 29, 2020

According to a new report out of the National Multifamily Housing Council (NMHC), 

57% of multifamily developers have reported delays in their projects recently. Of those who reported delays in June, 83% said the cause was “permitting due to COVID-19.”

Certainly not...

August 28, 2020

Good news for Chicagoland real estate! 

Spurred on by very low mortgage rates, new homes sales jumped in the second quarter in suburban Chicago.

Interestingly, the increase was partly fueled by the desire, for some people, to move away from more densely populated areas b...

August 22, 2020

Some good news for renters in Illinois.

The state government announced a $300 million fund to help people who have fallen behind on their rent or their mortgage because of COVID-19.

The money is part of the $3.5 billion that Illinois received from the federal Coronavirus...

August 21, 2020

A new forecast from Freddie Mac Multifamily predicts that the Covid-19 pandemic will result in higher vacancy rates and lower rent growth through the rest of 2020. Driving factors include the bad job market and lower overall household income. 

“Ultimately the economy is...

August 15, 2020

Good news on the single-family rental front.

Wall Street’s Brookfield Asset Management, Inc. recently bought a controlling stake in single-family landlord Conrex, which operates more than 10,000 rental homes across the Midwest and Southeastern U.S.

Brookfield has also ra...

August 14, 2020

In a recent podcast from real estate investing maven John Burns, Greg West, CEO of ZOM Living talks about current short-term and long-term trends in the apartment market.

It’s not all doom and gloom; it’s more like “adapt or die.”

West believes that the apartment market...

August 8, 2020

Covid-19 has hammered the U.S. economy and its impact on multi-family apartment investing has been severe.

In May 2020, investors paid a total $3.1 billion to buy apartment properties in the U.S. That’s about one-fifth of the amount they spent in the same period the yea...

August 7, 2020

Sometimes, it’s easy being green; especially for an abandoned Target store in Calumet City, IL.

This old store will be repurposed in phases (beginning at the end of this year) as an indoor vertical farm producing locally grown greens for the Chicago area under the banne...

July 25, 2020

Private-equity firm KKR has paid a record setting $176 million for a huge Amazon fulfillment center in Kenosha. KKR acquired the two Amazon warehouses totaling 1.5 million square feet along Interstate 94.

“We are excited to increase our footprint in these major distribu...

July 24, 2020

It’s much too early to say, but Chicagoland could have its third major airport this decade.

Support is building for a new airport in the South Suburban area near Peotone. 

Congresswoman Robin Kelly, a major supporter of the airport proposal cites Amazon as one of the rea...

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October 22, 2017

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