Tag: apartments

Related Pockets How Much?!: Refinancing Related's 500 Lake Shore for 175 Million - What's Next?

Related Pockets How Much?!: Refinancing Related's 500 Lake Shore for 175 Million - What's Next?
Today Crains reported that Related just refinanced their luxury apartment building at 500 N Lake Shore Drive for a cool 175 Million.   Mass. Mutual Life Insurance handled the refi which enables Related to payoff the 100M construction loan while leaving everybody with that warm fuzzy feeling an extra 75 Million  leaves you with. This... Read more »

Block 37 Development Update- Apartment Tower on the Horizon?

Block 37 Development Update- Apartment Tower on the Horizon?
We’ve been talking about Block 37 for years.  Back in 2010, we rated it #2 on our most disappointing developments.  There was nothing too exciting about Block 37 until recent rumors began to hint at an upscale apartment building. Today, Alby Gallun and Crain’s gave some insight into the proposed plan: a 500 unit apartment... Read more »

Loop Development Debacle: The Waterview Tower Saga Continues...

Loop Development Debacle: The Waterview Tower Saga Continues...
Back in October, we posted about the atrocity that was/is this half-finished concrete monstrosity. Since 2008, this 27 story concrete parking garage has been sitting there unfinished and unused.  (The exception being the parachuter back in April.) Now it seems that Related Midwest is the Waterview’s knight in shining armour.  They have finalized the deal... Read more »
Advertisement:

Rental Market Heating Up: Tips for Getting That Apartment

Rental Market Heating Up: Tips for Getting That Apartment
Anyone attempting to find an apartment today knows that rents are climbing and inventory is moving quicker than you can say “I’ll take it.”  Fear not- we have some tips to make your search more effective and to help you snag that sweet pad before someone else does. 1. Professionally Managed vs Privately Owned Right... Read more »