Condo Deconversions Likely To Spread

By Published On: June 15, 2017Categories: Commercial Real Estate News, Residential Real Estate News, TJ Client NewsComments Off on Condo Deconversions Likely To Spread

Deconversions continue to be a hot topic heading into summer, with several Chicago condominium towers on the market for a bulk sale to apartment investors. The benefits are twofold: owners can cash out and, in some cases, avoid costly repairs facing their building, while investors can acquire income-producing real estate without navigating rising land and construction costs. But getting these deals across the finish line can be a challenge, as Taylor Johnson client Sonny Ginsberg, co-founder of Chicago-based Ginsberg Jacobs LLC, explained in a recent GlobeSt.com story. As one of Chicago’s go-to deconversion experts, Sonny also spoke with the Chicago Tribune for a piece on when it’s the right time for condo associations to sell.

Attorney Sonny Ginsberg has represented buyers and lenders in deconversion deals across Chicago.

Attorney Sonny Ginsberg has represented buyers and lenders in deconversion deals across Chicago.

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