“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
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(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 ›
“Deconversions Revisited” – Attorney Kelly Elmore reflects on how the Condominium Deconversion trend has evolved over the past few years, and highlights River City, the largest condominium deconversion to date. (17 mins.)
KSN Podcast episodes are available here: www.ksnlaw.com/podcast
You can subscribe to the KSN Podcast in iTunes, Stitcher, RSS, or anywhere podcasts … Read More ›