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...
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....
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...