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Monday, 22 April 2019

Miami Investor Buys 140 Units at Chicago Hotel-Condo Property

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Crain's Chicago Business

Maxwelle Real Estate Group has bought 140 units in the 170-room Raffaello hotel-condominium property in Chicago. The Miami real estate company did not disclose how much it paid for the units. It's planning a major renovation to the property, at 201 East Delaware Ave. in the city's Streeterville neighborhood, and has lined up a $29.3 million loan for that project. The property last underwent a renovation in 2010.

The property formerly was known as...


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“The Weekly” is Commercial Real Estate Direct’s PDF newsletter, sent to subscribers every Friday morning. With over 100 news stories published on Commercial Real Estate Direct each week, “The Weekly” features the top stories in commercial real estate that industry participants need to know first. “The Weekly” also contains:

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Additional Info

  • Syndicate to Realpoint: No
  • Cities: Chicago
  • States: Illinois
  • Sector: Hotel & Resort, Multifamily
  • Subject: Midwest Regional Digest (MWDIG), Property Acquisitions (ACQ)
  • Private: Yes
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