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
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...
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,...
ESG Kullen’s deconversion bid accepted by Gold Coast condo owners after initial rejection
The deal for the 391-unit Lake Shore Drive tower is the most expensive deconversion in Chicago history If at first you don’t succeed in deconverting a condo building into apartments, try, try again. After failing to win condo owners’ approval two weeks ago, New...