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 ›

“Condominium Deconversions During a Pandemic” – KSN attorney Omar Malik discusses the challenges he and his team faced during the Coronavirus pandemic while closing a recent $6.15M deconversion sale. He also reviews the deconversion process, applicable legislation, and changes in the closing process. (14 mins.)



KSN Podcast episodes are available here: www.ksnlaw.com/podcast

Subscribe to the KSN Podcast … Read More ›

(June 5, 2020) CHICAGO—Kovitz Shifrin Nesbit (KSN) handled the closing of a 36-unit condominium association deconversion deal amidst Coronavirus setbacks. KSN Attorney Omar Malik describes this deconversion sale as, “Unique in that it was able to close, despite the turmoil caused by COVID-19”.

Located in Lake County, the sale of the Deerfield Gardens … Read More ›

We are now more than three years into the condominium deconversion wave that took the Chicagoland real estate industry by surprise in 2015. While deconversions may appear to be commonplace, so are the challenges to these unique large sale transactions.

Some unit owners have mounted vocal and often caustic challenges in opposition to these sales. Others … Read More ›