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Essex Realty Group, Inc. Announces Launch of New Entity: Essex Capital ...

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CHICAGO, IL - Chicago-based multifamily brokerage firm Essex Realty Group, Inc. recently facilitated the sale of 2904 West Belmont Avenue, a 21-unit multifamily building located in Chicago’s Avondale neighborhood. The seller, a nationwide investor, hired Essex Principal Jordan Gottlieb and Director Matt Feo to market 2904 West Belmont Avenue. Essex led an extensive marketing campaign resulting in a dozen property tours and nine offers. Essex President Doug Imber and Principal Kate Varde...

CHICAGO, IL - Chicago-based multifamily brokerage firm Essex Realty Group, Inc. recently facilitated the sale of 931-941 W. Carmen Avenue, a 61-unit corridor style building located in Chicago’s Uptown neighborhood. The sale also included an adjacent 100 sq. ft. x 130 sq. ft lot, currently used as a 51-car parking lot. This was the first time the property had been offered for sale in more than 25 years. The Essex team of Doug Imber, Kate Varde, Jaimie Steinher, Dan Shepherd and Rick Ofman...

One year after the start of the coronavirus pandemic, the Chicago-area industrial market’s vacancy and rental rates have nearly returned to pre-pandemic levels, according to a new report from Newmark. Although the industrial sector took a hit in the first few weeks of the crisis, it began climbing back once the shock wore off and tenants saw increased demand from homebound consumers purchasing goods online. Many resumed signing leases, sending vacancy down to 6.2% in Q1 2021, a decade low, and recently have shown a willingness to pay more for space. Courtesy of Newmark “This sentime...