/PRNewswire/ JLL s Capital Markets group announced today that it has closed the $278.153 million sale of a portfolio comprising eight grocery-anchored.
Delinquent rent in Chicago could now exceed $1B, according to a survey released last week by the Neighborhood Building Owners Alliance, a group of small and midsized Chicago landlords.
The high level of delinquency brought about by the coronavirus pandemic is leading to neighborhood disinvestment. With their revenue plunging to historic lows, 65% of landlords surveyed said they expect to make fewer capital improvements. In addition, nearly half expect to cut down on repairs and maintenance.
“With so much delinquent rent, many housing providers lack the funds to continue to maintain their properties,” NBOA President Michael Glasser said in a press release.
Skip to main content
Google Tag Manager
The Daily Record & Observer LLC. respects your privacy and values the relationship we have with you. We use technology to collect information that helps us enhance your experience and our products and services. The cookies we use help us understand what information and advertising are most useful and valuable. Please take a moment to review our Cookie Policy and Privacy Policy. By clicking Accept, you agree to our use of cookies and similar technologies.