Sam Lounsberry
Chicago Bureau Chief at The Real Deal
News enthusiast. NBA-obsessed. @ColoradoStateU J-school. Journalist @trdny. Past stops: @nwherald, @dailycamera, @timescall, @reporterherald. Read your local 📰
Articles
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20 hours ago |
therealdeal.com | Sam Lounsberry
After spending the last three years buying dozens of buildings and hundreds of apartment units, Shaya Wurzberger is getting a taste of distress in Chicago’s multifamily market. Wurzberger, 31, is a Brooklyn-based investor who entered the Windy City scene in 2022 with a series of acquisitions that rapidly assembled a large portfolio under his firm Levav Properties. He said he owns 1,000 apartment units that he has spent about $100 million to buy since 2022.
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4 days ago |
therealdeal.com | Sam Lounsberry
Ross Perot Jr.’s Hillwood could have a significant influence on a Chicago suburb’s economic future. The Dallas-based development firm is in talks to purchase the Trinity International University campus in Bannockburn, with the school’s massive site set to sell for about $35 million as it shuts down operations. It could become the site of a huge redevelopment into another use. Billionaire Ken Griffin is just one property away from an expensive — and jaded — exit from Chicago’s luxury housing market.
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5 days ago |
therealdeal.com | Sam Lounsberry
The court-appointed manager of Eightfold Capital’s dilapidated Pheasant Run Resort property is trying to ensure it’s not the next to get burned in a western suburb of Chicago. An affiliate of Miami-based Eightfold, the owner of several dozen acres at 4051 East Main Street in St. Charles, was hit with another lawsuit this month by the receivership that the city requested to oversee the demolition of vacant lodging and entertainment buildings in the wake of an arson by two teens in 2022.
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1 week ago |
therealdeal.com | Sam Lounsberry
Ken Griffin’s losses on luxury Chicago real estate expanded to almost $30 million with sales of the final two floors out of the four he assembled within the No. 9 West Walton Street condo tower.
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1 week ago |
therealdeal.com | Sam Lounsberry
Developer Justin Fern's Urban Equity Properties is undertaking a $68 million office-to-residential conversion of the historic State Farm office building in Bloomington, Illinois. The project will transform the 200,000-square-foot building into 183 apartments with retail and a restaurant. Urban Equity Properties acquired the building from State Farm for a nominal fee after State Farm struggled to sell it.
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RT @trdchicago: A Chicago broker was sentenced to four years in federal prison for a $3M fraud scheme https://t.co/ZJ7QulXY1P
NEWS: How Fannie Mae's blacklisted investors tossed $100M into Chicagoland real estate: https://t.co/yCQF7ioa28 via @trdny / @trdchicago #RealEstate #Chicago #retwit
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