A New York-based developer has paid $76 million for a 245-unit apartment tower in Chicago’s River North in a deal that highlights the challenges of selling real estate amid rising interest rates, even in a city where multifamily rents are on the rise.
New York Investor Pays $76 Million for 245-Unit Apartment Tower in Chicago’s River North
Vista Property Group Buys 25-Story Building for Just Above Amount of Sellers’ Loan From 2018
By Ryan Ori
CoStar News
December 20, 2023 | 10:28 P.M.
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IN THIS ARTICLE
- Properties
- 3Eleven
311 Illinois St, Chicago, IL
- Companies
- Vista Property Group
Real Estate
- The John Buck Company
Real Estate
- JPMorgan Chase & Co.
Finance and Insurance