Peak Properties announced the firm’s latest management assignment at 2052 N. Dayton St. in Chicago’s Lincoln Park neighborhood. This classic townhouse features six renovated units with exposed brick walls.
The property, just off the Armitage Avenue shopping block, is situated near numerous boutiques, retail stores, and restaurants. The property is located five minutes from the Armitage bus, Brown and Purple lines, and the nearest Divvy bike docking station. It is also a two-minute walk to the Halsted Avenue bus.
“We’re excited to continue to expand our expertise and services in one of Chicago’s favorite areas,” said Cory Eisenstein, VP of Property Management at Peak Properties. “The property provides residents with a comfortable and renovated space in a classic, renowned neighborhood in the city.”
The development team behind One Beverly Hills (1BH) said construction on the $10-billion luxury mixed-use project is proceeding ahead of schedule. The Beverly Hilton expansion structure topped out approximately 10 weeks ahead of schedule and one of the residential towers is progressing six weeks ahead. “This was accomplished while significant operations were maintained at The...
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Northwind Group has originated a $231-million first mortgage construction loan for 675 Third Ave., a 32-story, 337,000-square-foot office building in Manhattan’s Midtown East neighborhood that is slated for conversion into residential apartments. The conversion is being led by a joint venture between Nathan Berman’s Metro Loft Management and David Werner Real Estate Investments. Loan proceeds...
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Rental housing affordability declined in 82% of U.S. metropolitan areas between 2014 and 2023, with renters experiencing the equivalent of an average $256 annual reduction in income after accounting for changes in housing quality. That’s according to a new report released Tuesday by the Mortgage Bankers Association’s Research Institute for Housing America. The report, Housing...
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