At $35 million, this condo deal was ‘quite an adventure’ (IL deconversion)

The Clark Place condominium tower in Lincoln Park is an apartment building once again after a $35 million deal to buy out its owners.  Strategic Properties of North America has completed its acquisition of the 133-unit building at 2625 N. Clark St., a former rental property that was converted to condos in 2005. It is possibly the biggest condo deconversion so far in Chicago—and a difficult one to pull off because Strategic had to deal with so many sellers.    Read the article…………..


Related Articles

April Sound residents, POA clash over election petition (TX)

Residents in April Sound will vote Saturday in a controversial election regarding the April Sound Property Owners Association Architectural Control

$2.5 Million Settlement Ends 9-Year Litigation in Lawn Fall (FL)

A Wellington man received a $2.5 million settlement nine years after his foot caught on a lawn sprinkler valve cylinder,

Lawsuit blames D.R. Horton for condo defects (FL)

The lawsuit alleges that D.R. Horton violated Florida Building Code when it built the 240-unit Heron’s Landing complex on Beach