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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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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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