Located in the heart of Chicago near Millennium Park, Field Harbor Parking Condominium Association (FHP) was sold on October 5, 2021 in one of the most recent “deconversion” sales in the city. This transaction encompasses 407 individually deeded parking spaces in the Lakeshore East area. KSN handled the closing of this private, indoor, and fully … Read More ›
As the demand for rental units has increased over the last few years, the transactions commonly referred to as “condominium deconversions” or “condominium terminations” have become more commonplace.
Condominium deconversion or condominium termination transactions involve an investor (ex. real estate developer) who purchases all of the units in an association from the individual owners, and then … Read More ›
Located in Chicago’s Lakeview neighborhood, Barry Quadrangle Condominium Association was sold on April 13, 2021 and will be converted into apartments. Purchased for $32.3 million, this transaction encompasses three condominium buildings. KSN handled the closing of this 115 residential unit condominium association deal during a peak real estate boom and coronavirus pandemic.
The sale of all … Read More ›
Located in Chicago, 663 W. Grace Street condominium association was sold on April 6, 2021 and will be converted into apartments. KSN handled the closing of this 80 residential unit condominium association deal during a peak real estate boom and coronavirus pandemic.
The sale of all units, commonly known as a deconversion, was approved by a … Read More ›