THESE 10 APARTMENT SALES PLACED A RECORD-SHATTERING YEAR FOR DOWNTOWN, SUBURBAN MULTIFAMILYBy Hannah Linton on January 31, 2017
The sexiest sector in Chicago commercial real estate last year was far and away multifamily. Sales volume records were on pace to be shattered in the city and suburbs by July, and they were. Downtown sales topped $1.53B, while suburban apartment sales eclipsed $1.3B. Today, we count down the top 10 multifamily sales of 2016, according to Real Capital Analytics.
Location: One East Delaware Place
Buyer: A JV of Golub and Alcion Ventures
Date of Sale: September
Golub had a busy 2016 in multifamily, delivering 1,600 apartments to downtown, but it was also in acquisition mode as it strengthened its Gold Coast presence with this 306-unit building across the street from the Golub-owned Chestnut Place.