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Chicago's Largest Condo Deconversion Signals Post-Recession Push To Rent

(COSTAR) - 53 minutes ago...
 Condominium owners in a high-profile Chicago neighborhood voted to convert their building back to apartments, the latest move of its kind as more baby boomers and millennials choose renting over owning in the wake of the Great Recession. A second vote was the charm for ESG Kellen, the New York-based multifamily ownership group that won approval by the condominium owners of 1400 N. Lake Shore Drive in Chicago to buy out their units for an estimated......
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Nashville to Get its First Airbnb-Branded Apartments

(COSTAR) - 53 minutes ago...
 Rendering of the Olmsted apartment building at 501 S. Fifth Ave. in Nashville. Newgard Development Group, an investment, management and development firm based in Miami, purchased a 328-unit apartment building in Nashville and plans to turn it into the Tennessee city's first Airbnb-branded rental. Newgard bought the complex from Cocke Finkelstein. Olmsted sold for $90 million, or about $274,000 per unit. The 86 percent occupied building will......
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Rent Growth Surging in Boston's Pricey Neighborhoods

(COSTAR) - 53 minutes ago...
 The 585-unit 345 Harrison apartment building at 345 Harrison Ave. in Boston. The narrative for the most expensive apartment neighborhoods in Boston has been flipped. Pricey areas of Boston are now experiencing some of their best rent growth in the past three or more years. For much of 2016 and 2017, a wave of luxury construction created a fierce competition for high-end renters, slowing rent growth overall, particularly at the top end of the......
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The High End: Next Act for Roseland Ballroom Site

(NY Times) - 1 days, 22 hours ago...
 Four years after the popular concert and dance hall closed, a 62-story rental tower rises in its place....
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