Marcus & Millichap has announced the sale of a 24-unit apartment property located in Aurora, Ill. Randolph Taylor, an Associate, in Marcus & Millichap’s Chicago Oak Brook office, exclusively marketed the property on behalf of the local seller and also represented the 1031 exchange buyer.
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Marcus & Millichap forecasts new apartment development will reach a cyclical high this year, with about 9,500 completions in the metro area. The city will receive more than half of the new rentals. Developers finished about 9,200 units last year.
Fox Business’s Maria Bartiromo Asks Marcus & Millichap CEO Hessam Nadji For Insight On The Impact Of New U.S. Tax Laws On Housing And Commercial Real Estate.
Have You Been Thinking Of Listing Your Multifamily Property For Sale?
Yet another reason to choose Marcus and Millichap Real Estate Investment Services to List and Sell your Commercial Real Estate: 7th Annual Multifamily Forum in Southern California.
A combination of job growth, healthy demographics and accelerated household formation creates a rosy outlook for apartment investments in the coming year. For Chicago, location and property type should be taken into consideration. This is according to Marcus & Millichap’s 2018 Multifamily North American Investment Forecast.
The first significant tax law revision in 32 years could spark important changes for commercial real estate.