CHICAGO, IL– The Kiser Group just announced that the firm has been retained for three properties in suburban Chicago: 515-519 S. Milwaukee Ave. in Wheeling (56 residential units); 2137 S. Lombard Ave. in Cicero (multi-tenant office, retail, entertainment) and 15-17 N. Vail Ave. in Arlington Heights (16 residential units and two commercial spaces).
Company officials are optimistic about economic conditions in the region and believe that will attract buyers.
“Suburban multifamily and mixed-use properties are in high demand by investors,” said Lee Kiser, principal of Kiser Group, in a prepared statement. “Apartment rents have been rising steadily as there's been a shift away from owning to renting, and the limited supply can't keep up with this demand. Multifamily led the pricing recovery, but now we're seeing investor momentum spread to office, industrial and even retail due to improved economic conditions and more liquidity in the marketplace.”
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
