by admin | Jan 16, 2020 | Blog
Chicago – After more than a year of negotiations and setbacks, ESG Kullen closed on the most expensive condo deconversion in Chicago history. The multifamily investment firm paid $107 million for a 391-unit building at 1400 North Lake Shore Drive. New York-based ESG...
by admin | Dec 4, 2019 | Blog
The transaction marks the highest sale price achieved for a bulk condo sale in the history of Chicago, according to CBRE, which brokered the deal. New ownership will deconvert the property back to apartments. CHICAGO—ESG Kullen of New York City has closed on the...
by admin | Dec 4, 2019 | Blog
CHICAGO — ESG Kullen has acquired 1400 N. Lakeshore Drive in Chicago for $107 million. The buyer will convert the 391-unit, multi-building condominium property back into apartments. Sam Haddadin and Dan Cohen of CBRE represented the condo association and its...
by admin | Dec 3, 2019 | Blog
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,...
by admin | Dec 2, 2019 | Blog
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...
by admin | Apr 26, 2019 | Blog
New York City-based investment group ESG Kullen, today announced the sale of the Madison Oaks apartment complex, closing out an investment that has more than doubled its value in six years. The managers said the transaction is further proof of their business model,...