“Impact of New Case Law on Illinois Condominium Deconversions” – KSN attorney Kelly Elmore reviews the changes the new case law has on the process of conducting a Section 15 sale. Kelly also discusses how these changes will impact community association board members. (15 mins.)
The KSN Podcast examines various aspects of association law, landlord/tenant issues, … Read More ›
The sale of all the units within a condominium association, also known as a condo deconversion, has gained momentum over the last few years.
Compared to the cost of constructing an entirely new property from the ground up, some real estate investors and developers have found it easier and financially more advantageous to purchase an existing … Read More ›
“Condominium Deconversions” – KSN attorneys Kelly Elmore and Omar Malik discuss the condominium deconversion trend, challenges presented in these bulk sales, their experiences in handling these complex transactions, best practices, and more. (59 mins.)
The KSN Podcast examines various aspects of association law, landlord/tenant issues, property tax appeals, and more.
In each episode, KSN attorneys share … Read More ›
Located in Cook County, Illinois, the Terrace of Elk Grove Village Condominium Associations were sold on January 31, 2022.
Sold for $55,750,000, this transaction encompassed the Terrace of Elk Grove Village Master Association and eight condominium buildings, including:
902 Ridge Square Condominium Association
904 Ridge Square Condominium Association
906 Ridge Square Condominium Association
912 Ridge Square Condominium Association
914 Ridge Square … Read More ›