Category Archives: News & Announcements

Peak Properties Expands Evanston / Student Housing Management Portfolio With Three Properties Buildings 105 Apartments; Five Commercial Spaces

Chicago, IL – Peak Properties, LLC continues its expansion of management accounts focused on nontraditional student housing in Evanston with a three-building portfolio totaling 105 apartments and five commercial spaces. “We're finding a successful niche in managing non-purpose built student housing that offers a very convenient walk to campus, the right amenities suited, and unit…

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Peak Properties Adds Assignments in Lakeview and Hyde Park

Peak Properties has been selected to manage and lease a six-story mixed-use property in Lakeview’s Roscoe Village and a courtyard condominium deconversion in the South Side’s Hyde Park neighborhood.   1650 W. Roscoe St. features 55 apartments and four street-level retail spaces totaling 31,500 square feet in Lakeview/Roscoe Village. A 44-unit deconversion at 5124-32 S.…

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Star Cinema Grill Will Backfill South Barrington Property

Peak Properties, which has been receiver of the 480,000-square-foot Arboretum of South Barrington since late 2020, said Star Cinema Grill has signed a 15-year lease for the approximately 38,000-square-foot standalone building that previously housed IPIC Theaters. IPIC closed both its Chicago-area locations during the pandemic.  The Houston based dine-in-theater concept will bring first-run films, an…

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Peak Properties LLC Continues To Expand Multifamily Investment And Management Portfolio Adding Two Ukrainian Village Properties

Peak Properties, LLC has been instrumental in the purchase of a 14-unit vintage apartment building and tapped to manage another vintage property in the Ukrainian Village neighborhood as they continue to expand their investment and property management portfolio which now exceeds 8,500 units across Chicagoland.   An affiliate of Peak acquired 2522-2524 West Superior steps…

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Related Breaks Ground on Chicago Tower

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…

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Peak Realty Chicago sells mixed-use property with luxury penthouse for $2.5 million

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.…

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