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How Marketing and Operations Impact NOI

The two are not mutually exclusive, and, depending on your end goals, it might be worth focusing on one more than the other. ....

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Pre-leasing starts at new 192-unit apartment building in Mount Prospect

Pre-leasing starts at new 192-unit apartment building in Mount Prospect
May 7, 2021
Wingspan Development Group, a privately held national development firm active in the multifamily and mixed-use sectors, today announced pre-leasing is underway for Maple Street Lofts, a new, six-story, 192-unit luxury rental community with a convenient ground-floor Angelo Caputo’s Fresh Market grocery store at 207 S. Maple St. in downtown Mount Prospect, Ill., a northwest suburb of Chicago.
Located at Maple Street and Prospect Avenue, across the street from the Mount Prospect Metra station – which offers easy access to downtown Chicago – the transit-oriented development (TOD) is also steps to downtown Mount Prospect’s shops, services, restaurants and community events. Maple Street Lofts will welcome its first move-ins this summer. ....

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This Week's Chicago Deal Sheet (May 5, 2021)

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 properties,” NBOA President Michael Glasser said in a press release. ....

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Fire damages building under construction in downtown Mount Prospect

Fire damages building under construction in downtown Mount Prospect

Updated 2/19/2021 9:13 PM
A fire in a trash chute Friday morning did an estimated $50,000 in damage at Maple Street Lofts, under construction in downtown Mount Prospect, the fire department said in a news release.
The fire at 215 E. Prospect Ave. was reported about 10 a.m. A large trash bin was burning and the fire had spread up an exterior trash chute, officials said. The fire was brought under control in approximately 10 minutes. It was contained to the exterior of the building. The cause is under investigation but appears to be accidental.

Workers at the six-story apartment building discovered the fire and quickly reported it. They also helped called 911. This could have been much worse if it wasn t for the quick actions of calling 911, said Deputy Fire Chief John Dolan. ....

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Northwest suburban mayors look back on 2020

Northwest suburban mayors look back on 2020

Arlington Heights Village President Tom Hayes
Joe Lewnard | Staff Photographer

Updated 12/31/2020 2:55 PM
Not much seemed business as usual in 2020, but one thing that hasn t changed is our annual tradition of reaching out to Northwest suburban mayors and village presidents to ask them what their community accomplished in the year gone by and something they hope to accomplish in the year ahead. Today, we share the accomplishments of a challenging 2020. On Friday, we ll share the mayors hopes for 2021.
Arlington Heights
Tom Hayes
Although 2020 has been difficult for us all, I could not be more proud of the way our community has banded together to meet the pandemic and social unrest challenges we faced in the last year. Beginning with our essential workers, especially our health care providers and first responders, all within the City of Good Neighbors have done their part with h ....

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