“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.)

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In the past few years, the demand for rental units has increased due to a number of factors including rising home prices, declining homeownership among seniors, increased single-person households, and tougher mortgage lending standards. Accordingly, a new phenomenon has emerged where all the units in a condominium building are sold to a third party who … Read More ›

In a record-breaking month, Kovitz Shifrin Nesbit attorneys overcame significant obstacles to close on the sale of 900 condominium units in less than two weeks in December 2018. This included the sale of Flats on LaSalle Condominium Association, Surfside Condominium Association, and 449-units in the River City Condominium Association.

The sale of all 900 condominium units … Read More ›

Kovitz Shifrin Nesbit attorneys recently represented Century Tower, a Chicago Loop high-rise condominium association located at 182 W. Lake Street, in the sale of all units to Golub and USAA Real Estate for $60 million. This is the largest condominium deconversion in downtown Chicago as of February 2018.

KSN attorney … Read More ›