Essex Realty Group completed the sale of the Chicago Lawn Portfolio, a 68-unit, three-building multifamily portfolio located at 6321–31 S. California Avenue, 6355–57 S. California Avenue, and 6400 S. Fairfield Avenue in Chicago’s Chicago Lawn neighborhood. The portfolio sold to Icarus Investment Group for $5.23 million, or $77,000 per unit. Essex Realty Group Directors Jesus...
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Hankook Property Management, a partial owner of The Vista, a struggling mall in Lewisville, is working on a redevelopment plan. The company acquired the interior portion, including the theater and former JCPenney, in 2022. The City of Lewisville has been actively facilitating discussions between current property owners and potential developers interested in redeveloping the Vista Mall...
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CBRE has arranged the $53 million sale of Chambers Reserve, a 125-unit townhome community in Lacey. CBRE’s Jordan Louie, Eli Hanacek, Kyle Yamamoto and Natalie Kasper represented the seller in the transaction. “Chambers Reserve offered investors a unique opportunity to acquire a newly constructed built-to-rent community in the growing Puget Sound region,” said Louie. “The...
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