Following last month’s sale of River City, Bisnow Chicago wanted to see if Chicago’s largest-ever deconversion deal might also signal an end to the condo deconversion trend. Taylor Johnson connected the reporter with three clients knowledgeable about the topic: Interra Realty, Ginsberg Jacobs LLC and Marcus & Millichap. While Marcus & Millichap’s Kyle Stengle noted there’s been a “consumerization” of deconversions as condo boards proactively seek out investors, he said buyer and seller expectations don’t always align. And it’s not getting any easier. Interra co-founder David Goss said economic headwinds could lower how much investors are willing to pay, while Ginsberg Jacobs co-founder Sonny Ginsberg discussed challenges posed by holdouts, including those with strong emotional ties to their property.

River City’s 449 condos will be converted back to apartments following a years-long negotiation process that ended with a $90.5 million sale last month. (Credit: mccaffry / Flickr)