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Why commercial brokers need to embrace tech tools more than ever


Why commercial brokers need to embrace tech tools more than ever
Photo via Pixabay
While the pandemic raged, behind the scenes the people who make Illinois commercial real estate brokerages work have been toiling to make technology work even harder for them.
There’s evidence everywhere that CRE brokers have accelerated their use of technology to better track property and market data, share information among team members, decipher the data, and improve individual and team productivity.
Michael Anguiano is a case in point. He’s co-founder and principal of Monarch Realty Partners, a middle-market multifamily property investment sales brokerage based in Chicago. A former engineer and self-described “technologist,” Anguiano believes commercial real estate brokers should be using technology however they can to further the progress of their business. ....

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Interra Realty brokers $3.4 million vintage apartment building deal


Interra Realty brokers $3.4 million vintage apartment building deal
May 4, 2021
Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered the sale of 4841 N. Rockwell St., an 18-unit multifamily property in Chicago’s Lincoln Square neighborhood. The property sold for $3.4 million, which equates to $188,888 per unit.
Interra Managing Partner Craig Martin represented the seller, a local family office that was in its second generation of ownership, and the confidential buyer.
Located at the northeast corner of Rockwell and Gunnison streets, 4841 N. Rockwell comprises 18 one-bedroom units, all of which were occupied at the time of sale.  
4841 N. Rockwell is steps from the vibrant retail corridors along Western, Lawrence and Lincoln avenues. The property also offers convenient access to several CTA bus stops and the Western Brown Line station.  ....

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Chicago is 120,000 units short on affordable housing. Here's how the city and developers hope to fix that gap | State and Regional


It may seem like the search for affordable housing is as elusive as a COVID-19 vaccination appointment — a long, arduous process that often includes a waitlist.
For Jeanette Freeman, 24, moving from her family’s South Side dwelling to live on her own in a one-bedroom apartment took her all of a year — from launching the search to submitting her name for a Chicago Housing Authority unit in Oso Apartments in Albany Park on the North Side.
“I was searching online for affordable housing, applying anywhere and everywhere,” she said. “And I said let me try CHA. I applied online to CHA’s site-based projects. Oso was just one of the apartments that pulled me in. I got in, after a week of applying. It was a blessing. I’m still in disbelief.” ....

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