Midwest Experts Look Ahead to 2015 Residential Real Estate Trends

David Wolf

CHICAGO, IL – Building on the positive momentum of 2014, which saw a strengthening for-sale market with Chicago-area home prices up and on par with 2003 numbers, as well as continued demand for new rental options, with Class A downtown apartments averaging 93.8 percent occupancy, Chicago-area real estate experts are looking ahead to 2015 with optimism.

 Here are the top trends they anticipate shaping the 2015 real estate landscape: 

1.    Condos Make a Comeback: As buyer confidence grows and lending restrictions decrease, condominium sales – and pricing – will see an uptick in 2015.

 “There’s strong demand, but new construction has been nearly non-existent since the downturn, and condo inventory is at its lowest level since tracking began in 1997,” said David Wolf, president of Related Realty. “That spells opportunity for developers, and we’re starting to see new projects announced.”

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

Kim Manning, kmanning@taylorjohnson.com, 312-267-4527

Sarah Lyons, slyons@taylorjohnson.com, 312-267-4520

Voit Real Estate Services Directs $9.1 Million Sale of 147,903-SF, Multi-Tenant Industrial Property in Las Vegas

Kevin J. Higgins

Las Vegas, NV – Kevin J. Higgins, Garrett Toft and  Zac Zaher of Voit Real Estate Services’ Las Vegas office successfully directed the $9.1 million sale of a 147,903 square-foot multi-tenant industrial property in Las Vegas on behalf of the seller, Terra Grandis, LLC & The Tiberti Company.

The buyer, BKM Capital Partners LP, intends on repositioning the property for stabilization, according to Higgins, an Executive Vice President in Voit’s Las Vegas office.

 “This asset is in an excellent location and was in need of a large capital commitment in order to address some deferred maintenance,” stated Higgins. 

“BKM Capital Partners will rebrand the project and reposition vacant suites into the lease ready units the market has grown to expect.  

"Given the close proximity to the resort corridor and the strong rebound underway in the local economy, BKM Capital Partners should have no problems stabilizing the asset.”

Garrett Toft

 The property is located at 4301 and  4325 S. Valley View Blvd. in Las Vegas, Nevada.

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

Jessamyn J. Miller | Marketing Manager

Voit Real Estate Services

101 Shipyard Way | Newport Beach, CA 92663

T (949) 566-6422 | C (949) 929-7147

jjmiller@voitco.com | www.voitco.com

Voit Real Estate Services, Broker License #01333376