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Delinquent rent in Chicago could now exceed $1B, according to a survey released last week by the Neighborhood Building Owners Alliance, a group of small and midsized Chicago landlords. The high level of delinquency brought about by the coronavirus pandemic is leading to neighborhood disinvestment. With their revenue plunging to historic lows, 65% of landlords surveyed said they expect to make fewer capital improvements. In addition, nearly half expect to cut down on repairs and maintenance. “With so much delinquent rent, many housing providers lack the funds to continue to maintain their p...

Venture One acquires industrial building in Gurnee April 30, 2021 default Venture One Real Estate through its acquisition fund, VK Industrial V, LP, a partnership between Venture One and Kovitz Investment Group, has closed on the acquisition of a 62,940 square-foot industrial building located at 905 Lakeside Drive in Gurnee, Illinois. The property is 35% leased to three tenants. The multi-tenant building was constructed in 1989 and sits on 3.47-acres of land. The building is demised into seven units. It has 4 docks, 6 drive-in doors, and parking for 75 cars. Ventu...