In a first for the city, construction of a high-rise project will be co-led by an MBE contractor. Ground has been broken on a new Chicago mixed-use property by developer Related Midwest, along with LR Contracting Company and BOWA Construction. The development, at the corner of West Randolph and North Peoria Streets in the…
Peak Properties, LLC and its business affiliate Peak Realty Chicago provided consultation for two recent commercial real estate deals including one land sale and one mixed-use property sale on Chicago’s north side. A 14,000-square-foot land site at 3817-19 N Ashland Ave. in the Lakeview neighborhood was sold by Mavrek Development to an undisclosed buyer for…
About a year after filing to foreclose on the Arboretum of South Barrington, the property's lender has put its mortgage up for sale. A lender moving to foreclose on a big South Barrington shopping center is on the hunt for an investor that wants to turn it around, hiring a broker to sell the struggling…
The boutique brokerage Peak Realty Chicago announced the sale of 1015 W. Webster Ave: a three-unit, mixed-use building which includes a penthouse suite and both rental and retail space. With 6,000 square feet of space, the versatile property also boasts a panoramic rooftop deck, a two-car garage, a private outdoor area and additional exterior parking.…
Brian Zrimsek wants you to Google the term “fake pay stubs.” Doing so generates more than 500,000 results, such as “Your Pay Stub in a Minute,” “Create Your Fake Pay Stub Here,” and “Make Free Fake Pay Stub Online.” Click through on many of the results, and you will see professional-looking sites,…
Earlier this year, national real estate investor and operator Waterton closed fundraising activity for a multifamily value-add fund with $1.5 billion in equity commitments from global institutional investors. Waterton launched the fund, known as Waterton Residential Property Venture XIV, in May 2020. The first deployment from the fund was a four-property, 1,824-unit portfolio in metro…
Peak Properties’ Mike Zucker discusses market dynamics and explains why the city offers great potential for investors. Over the past year, Chicago’s multifamily market has been tested by shifting demographic trends and changing lifestyle preferences, with the pandemic pushing people to trade the once-vibrant city center for the slow-paced suburbs. Since founding Peak Properties in…
Peak Realty Chicago (PRC) is expanding its offices located at 1749 N. Damen Avenue in the Wicker Park/Bucktown neighborhood. PRC is the sister company of Peak Properties, LLC, led by Mike Zucker. The company is adding 1,500 square feet in a converted bar / restaurant to offer a workspace that caters to team members…
Peak Properties, LLC has been named to lease, rehabilitate and rebrand 30 units in the South Side’s Hyde Park neighborhood. The property was acquired recently by 5401 S. University, LLC for approximately $5.7 million, and the new owners plan to reposition the apartments as premium student housing near the University of Chicago. Renovations…
Adding to its property management duties, Peak Properties, LLC has been appointed by Strategic Properties of North America to manage the leasing for 1749 N. Wells, a 22-story apartment building with 268 units in the North Side’s Lincoln Park neighborhood. Originally built in two phases as a manufacturing building later converted to loft apartments…
