News

Tampa Apartment Property Trades for $33M

Tampa Apartment Property Trades for $33M

Berkadia has arranged the $32.7 million sale of Grand Pavilion, a 264-unit apartment community in Tampa. Located at 3110 Grand Pavilion Drive, Grand Pavilion was built in 1984 and offers a mix of one- and two-bedroom units ranging in size from 540 square feet to 873...

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ESG Kullen Sells Tampa-Area Asset for $114M

ESG Kullen Sells Tampa-Area Asset for $114M

ESG Kullen Sells Tampa-Area Asset for $114M Trellis at the Lakes provides 688 units across 46 buildings in St. Petersburg. NOV 09, 2020 By Beata Lorincz Stoneweg US has acquired Trellis at the Lakes, a 688-unit community in St. Petersburg, Fla., for $114 million. Law...

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Gold Coast sale marks Chicago’s largest deconversion

Gold Coast sale marks Chicago’s largest deconversion

New York-based ESG Kullen has acquired 1400 N. Lake Shore Drive in Chicago for approximately $107 million. The sale will see the 391-unit, vintage condo building open up to rentals in the city’s largest deconversion to date. The transaction took place on November 22,...

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Big Gold Coast condos-to-apartments deal closes—finally

Big Gold Coast condos-to-apartments deal closes—finally

The miracle on Lake Shore Drive? At $107 million, it's the most ever paid in a condo deconversion in Chicago—and possibly the country. It took nearly a year and a half, lots of lawyering and a "Hail Mary pass," but a New York investor has finally pulled off its...

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Berkadia Facilitates $21M Fort Myers Transaction

Berkadia Facilitates $21M Fort Myers Transaction

ESG Kullen’s purchase of 186 units in a fractured sale secures the new owner’s control over the southern Florida condominium association. Berkadia has brokered the $21.3 million fractured sale of Cobblestone on the Lake, a 290-unit community in Fort Myers, Fla....

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Year’s End Brings Another Big Condo Deconversion

Year’s End Brings Another Big Condo Deconversion

ESG Kullen acquired the eight-story 1140 North LaSalle Drive for $38M and plans to turn its 250 condos into rental apartments. The deal was brokered by Kiser Group’s Lee Kiser, Michael D’Agostino and Jake Parker. The Kiser team also introduced equity broker Alpha...

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ESG Kullen buys Near North Side condo building

ESG Kullen buys Near North Side condo building

The $38M deal for 1140 North LaSalle comes just week’s after the firm pulled out of what would have been the city’s biggest deconversion ESG Kullen bought a Near North Side condo building with plans to convert the complex back into rentals. The New York-based firm...

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ESG Kullen does bulk condo buy in Delray Beach

ESG Kullen does bulk condo buy in Delray Beach

The deal for the 391-unit Lake Shore Drive tower is the most expensive deconversion in Chicago history ESG Kullen just closed on a bulk condo deal in Delray Beach, and plans to immediately renovate and sell them off individually. The New York-based real estate firm,...

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ESG Kullen, Angelo Gordon Conclude $128M Project

REIT firm ESG Kullen returns tens of millions to investors, demonstrating success of "de-conversion condo thesis". BOCA RATON, Fla. (PRWEB) September 24, 2018 Real estate investment firm ESG Kullen today announced the completion of a transaction totaling $128.1...

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ESG Kullen does bulk condo buy in Delray Beach

NY firm plans to upgrade and sell units for more than twice the purchase price ESG Kullen just closed on a bulk condo deal in Delray Beach, and plans to immediately renovate and sell them off individually. The New York based real estate firm, headed by Eric Granowsky...

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