Draper and Kramer Expands Chicago Footprint

Multi-Housing News | December 27, 2019

Draper and Kramer Inc. has expanded its holdings in Chicago with the acquisition of HUBBARD221, a 23-story, 195-unit luxury apartment tower in the River North neighborhood. The property was purchased through a 1031 exchange following the firm’s sale of Prairies Shores, a 1,675-unit, multi-building apartment community in Chicago’s Bronzeville section. Terms of the purchase were not disclosed. The seller was not identified but the property at 221 W. Hubbard St. was developed by Hubbard Street Group and Centrum Realty and Development and completed in late 2017. A $53 million three-year construction loan was originated by BMO Harris Bank in June 2016 for the property, according to Yardi Matrix data.

Spotlight

CBRE's Mike Lafitte, Global Chief Operating Officer, and Spencer Levy, Americas Head of Research, discuss how the recent drop in oil prices will impact commercial real estate and the economy in the U.S. and Houston.

Spotlight

CBRE's Mike Lafitte, Global Chief Operating Officer, and Spencer Levy, Americas Head of Research, discuss how the recent drop in oil prices will impact commercial real estate and the economy in the U.S. and Houston.

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REAL ESTATE TECHNOLOGY

GoldOller Real Estate Brings Self-Storage to Greys Ferry

GoldOller | May 03, 2021

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REAL ESTATE INVESTMENT

Capital Square Launches $300 Million Multifamily Institutional Development Fund

Capital Square | May 25, 2022

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INVESTMENTS

AECOM-Canyon Partners and Tucker Announce Mixed-Use Development in Chicago Metro Area

Tucker Development | November 22, 2021

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