In the News

04/09/2020

SPNA Continues Spreading Its Wings Over The North Side

SPNA secured the right to make the purchase in October when it convinced more than 75% of the owners to support its bid, a requirement under state law. Starting this year, potential buyers of Chicago condo properties need to meet an 85% threshold.

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04/07/2020

New Buyer Emerges in Big Gold Coast Condos-to-Apartments Deal

Strategic Properties of North America acquired the 38-story condo tower at 2 E. Oak St. in March, confirmed Michael Zucker, founder of Chicago-based Peak Properties, which is now managing the building as a rental property.

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04/03/2020

The Coronavirus Didn't Stop This Big Real Estate Deal

The sale of Cityfront Place stands out at a time when many real estate investors are taking a hiatus from big deals, unable to ascertain how badly the coronavirus and recession could hurt the market. The optimists are counting on a return to normal after a disruption of just a few months, while the pessimists are bracing for a meaningful decline in rents, occupancies and property values.

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09/09/2019

SPNA Is Proud To Announce Its Purchase of Gallery 1250

Located in Old Town, Chicago, Gallery 1250 is at the center of a town that has been popular for over a century. The property is situated in an area populated with many contemporary restaurants, bars and shops, as well as the Second City theater, one of the most famous comedy clubs in the world…

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08/24/2018

Condo Deconversion Wave Hits Chicago

Recent Chicago deconversions include Kennelly Square in Lincoln Park. Earlier this year, Strategic Properties of North America acquired the property, a 22-story, 268-unit condo tower at 1749 North Wells for $78M.

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06/10/2018

SPNA Purchases Kennelly Square Condos

Strategic Properties has purchased the Kennelly Square condo building in Lincoln Park, Chicago. The 22 story, 268 unit building will be renovated and deconverted into apartments. This will be Strategic’s third condo deconversion project, and the second biggest condo deconversion in Chicago.

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01/16/2018

Big Lincoln Park condo tower to become rentals

Strategic Properties of North America has agreed to buy all 268 units in Kennelly Square, a 22-story tower at 1749 N. Wells St…

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10/13/2017

SPNA Purchases Alinea Town & Country

The St. Louis Business Journal deemed it “among the biggest multifamily sales of the year.” Strategic Properties bought Alinea Town & Country in September of 2017…

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07/14/2017

The Condo Deconversion Trend

RE Journals reports on condo deconversions in Chicago, and how Strategic Properties is leading the way in the industry…

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05/24/2017

Wave Apartments is Largest Bulk Deal in Chicago

Strategic Properties has closed another historic deal in Chicago, purchasing Wave Apartments (formerly Bel Harbour) with plans to deconvert the 30-story, 207-unit condo building to apartments…

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04/04/2017

Vanguard Heights in Top St. Louis Deals of 2017

Strategic Properties’ purchase of Vanguard Heights is considered “among the most valuable and noteworthy in the St. Louis region during the first half of 2017,”…

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02/28/2017

OPOP Buildings Join Strategic Portfolio

In March of 2017, Strategic Properties purchased The Tower at OPOP (Old Post Office Plaza), one of downtown St Louis’ largest residential towers…

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12/01/2016

Deconversion Underway at The Kent Chicago

In December of 2016, Strategic Properties completed its acquisition of The Kent (formerly Clark Place), in what is considered one of the biggest condo deconversions in Chicago…

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08/16/2016

SPNA Acquires The VUE Apartments

The VUE was added to the SPNA portfolio in August 2016. The property holds a distinguishable position within the City of Beachwood as the newest, best-of-class, multifamily community…

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