Thursday, September 24, 2015

john greene Realtor Welcomes Industry Veteran Mike Long

Mike Long

CHICAGO, IL  – Naperville, Illinois-based john greene Realtor, one of the largest private brokerages in Chicago’s western suburbs, announced Mike Long, a real estate professional with more than 17 years of experience and $100 million in career sales, has joined the firm as a broker.

 With Long’s hire, john greene Realtor has grown its agent roster by over 20 percent in the past year.

“Our firm has been specializing in Chicago’s western suburbs for the past four decades, and we’re proud to be a destination for the industry’s top talent,” said Tim Greene, CEO of john greene Realtor. “Mike’s expertise in the same communities in which our firm thrives makes him a perfect complement to our team.”

john greene Realtor was recently named among the prestigious Inc. 5000, which lists the fastest-growing private firms nationally, ranking 11th among the fastest-growing private real estate firms in Chicago.

john greene Realtor has also been consistently voted “Best Real Estate Company” by Naperville Magazine’s “Best of Naperville” for the past five years. “We’re proud of our firm’s growth in recent years, and are well-positioned to further strengthen our reach and impact throughout the Chicago market,” said Greene.

For a complete copy of the company’s news release, please contact:

Julie Liedtke,, (312) 267-4521
Kim Manning,, (312) 267-4527

Waterton Associates Acquires Taluswood Apartments in North Suburban Seattle, WA

Peter Kuzma
CHICAGO, IL – Waterton Associates LLC, a U.S. real estate investor and operator, announced it has acquired Taluswood Apartments in Mountlake Terrace, Washington.

Located in a wooded neighborhood approximately 15 miles north of downtown Seattle, the garden-style rental community consists of 512 apartments across 24 buildings, with a mix of one-, two- and three-bedroom floor plans.

Taluswood is one of two communities in the Seattle area owned and managed by Waterton. In December 2014, the Chicago-based investor re-entered the market with the acquisition of Martha Lake Apartments, a 155-unit community in north suburban Lynnwood – about seven miles northeast of Taluswood.

“Seattle’s job growth, fueled by the city’s burgeoning tech sector, is generating unprecedented demand for rental housing, with thousands of units under construction in King and Snohomish counties,” said Peter Kuzma, vice president of acquisitions at Waterton Associates.

“Yet despite the supply that’s been added, the vacancy rate has continued to fall, allowing many landlords to push rents and obtain attractive yields.”

For a complete copy of the company’s news release, please contact:

Abe Tekippe,, (312) 267-4528
Kim Manning,, (312) 267-4527

Heritage Harbor Ottawa Resort to Release Final Five Riverfront Single-Family Home Sites in West Peninsula Neighborhood of Ottawa, IL

Tammy Barry
OTTAWA, IL – Heritage Harbor Ottawa Resort, a marina resort community along the Illinois River in Starved Rock Country, announces it is releasing the final five riverfront single-family home sites in the development’s West Peninsula neighborhood via a site selection lottery on October 2.

Located at 1970 N. 2753rd Road in Ottawa, Illinois, just 90 minutes southwest of Chicago, Heritage Harbor Ottawa is a 142-acre master-planned development of single-family homes, townhomes, vacation cottages, carriage homes and condos, centered on a 32-acre harbor and full-service marina.

“We anticipate tremendous interest for these premium lots, since we already sold out of all of the riverfront single-family sites we originally planned to offer on the West Peninsula,” said Tammy Barry, director of sales and marketing for Heritage Harbor Ottawa.

“But our sales team has seen such strong demand for single-family homes at Heritage Harbor that we decided to re-plat these sites, which were originally earmarked for townhomes and condos, and offer them up to single-family buyers.

“This is a golden opportunity for buyers who thought they missed their chance to build their dream home in a prime riverfront location.” 

For a complete copy of the company’s news release, please contact:

Sarah Lyons,, (312) 267-4520
Kim Manning,, (312) 267-4527

Chicago Real Estate Leaders Ready for “Know Before You Owe”

Jeanine McShea
CHICAGO (September 23, 2015) – With the implementation of the Consumer Financial Protection Bureau’s “Know Before You Owe” rule less than two weeks away, many real estate professionals are bracing for how the rule will change the home-buying process starting October 3.

 To prepare for these changes, some Chicago providers have been taking creative steps that can serve as a model for the rest of the industry.
“Although we’ve known since 2013 that these changes were coming, some industry professionals still have not fully updated their systems,” said Ben Niernberg, executive vice president of business development and operations at Northbrook, Illinois-based Proper Title, LLC, a full-service title insurance agency.

“Integrating the new required fee quotes, generating the new closing disclosure forms, and implementing tracking systems to gauge the new delivery and review periods, is no small undertaking,” he said. “But in addition to spending the past year and a half making sure Proper Title was prepared, we’ve also taken a proactive approach to ensure our clients – and our partners – are prepared to navigate the new process.”

Related Realty, a premier brokerage firm specializing in Chicago’s most in-demand neighborhoods, plans to provide ongoing education for its staff as the new rule is rolled out. “Buying a home is one of the most significant purchases a person will make in their lifetime,” said Jeanine McShea, vice president and managing broker at Related Realty. 

“As advocates for our clients, we need to continually stay well-versed in the process and be able to manage any additional changes that may come.”

For a complete copy of the company’s news release, please contact:

 Julie Liedtke,, (312) 267-4521

Kim Manning,, (312) 267-4527

Proper Title Joins Chicago’s Leaders at @Gives Back Laugh-Off Fundraiser

Ben Niernberg
                                                               CHICAGO (Sept. 24, 2015) – Northbrook, Ill.-based Proper Title, LLC, a full-service title insurance agency serving the residential and commercial real estate industries, announced it joined more than 150 of Chicago’s business and real estate industry leaders at the Uptown Underground on September 14 for the @Gives Back Laugh-Off fundraiser.

 The event, hosted by @Properties and sponsored by Proper Title, raised funds for the Noah’s Arc Foundation, led by Chicago Bull’s center Joakim Noah, as well as Proper Giving, a charitable program created by Proper Title to raise proceeds for Ann & Robert H. Lurie Children’s Hospital of Chicago.

“It’s a privilege to support such an outstanding organization as Noah’s Arc,” said Ben Niernberg, executive vice president of business development and operations at Proper Title, who also serves on the board of @Gives Back.

 “Creating opportunities to help others is exactly why we formed Proper Giving earlier this year, and we’re fortunate to be able to share our success and partner with Joakim and @Properties toward that effort.”

For a complete copy of the company’s news release, please contact:

 Julie Liedtke,, (312) 267-4521

Kim Manning,, (312) 267-4527

29th Street Capital Acquires Apartments in Northwest Denver Suburb

Village West Apartments, Arvada, CO
Arvada, CO (Sept. 24, 2015) – 29th Street Capital (29SC), a privately-held real estate investment and advisory firm, has acquired Village West, a 58-unit multifamily community in the sought-after Denver suburb of Arvada, Colorado. 

29SC was able to source the acquisition off-market, avoiding the competitive bidding processes common in the Denver multifamily transactions market.

29SC plans to invest approximately $1.1 million (or $19,000 per unit) to improve Village West’s exterior, interiors and amenities, bringing the property in line with comparable apartment communities in the submarket.

“Village West is our second recent acquisition in the Denver metro, with others on the horizon as we continue to build our presence in Colorado,” said Todd Jaycox, Senior Vice President of Acquisitions for 29SC.

Stan Beraznik
“Our goal is to dramatically improve the property’s physical condition and offer an updated, yet affordable, rental option in a highly-desirable suburban location. 

"Village West will benefit greatly from strategic improvements designed to modernize the community and increase its appeal.”

 For investment inquiries, contact:

Stan Beraznik, Founder and Managing Principal at 29th Street Capital

For a complete copy of the company’s news release, please contact:

 Terri Thornton
Partner, Thornton Communications
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