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Peak Properties tapped to manage 216 apartments including condominium association – REJournals

Peak Properties tapped to manage 216 apartments including condominium association – REJournals
rejournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rejournals.com Daily Mail and Mail on Sunday newspapers.

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Peak Properties Expands Evanston Student Housing Management Portfolio With Three Building Portfolio and Five Commercial Spaces

CHICAGO, IL - Peak Properties, LLC continues its expansion of management accounts focused on nontraditional student housing in Evanston with a three-building portfolio totaling 105 apartments and five commercial spaces.
“We re finding a successful niche in managing non-purpose built student housing that offers a very convenient walk to campus, the right amenities suited, and unit finishes that are similarly found in the higher end properties. We’re considering taking this. ....

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The Arboretum of South Barrington facing $67.2 million foreclosure lawsuit

Updated 12/10/2020 6:25 AM
The Arboretum of South Barrington is facing a foreclosure lawsuit amid widespread economic pressure on the retail and hospitality industries during the COVID-19 pandemic.
In the lawsuit filed in Cook County circuit court in September, UnionBank states that the owners of The Arboretum didn t pay interest on the property s $67.2 million mortgage and didn t pay off the debt when it matured in April, according to Crain s Chicago Business.

The 480,000-square-foot outdoor shopping center at Higgins Road and Route 59 is listed as part of the portfolio of Starwood Retail Partners, a division of Starwood Capital Group.
Starwood Retail Partners and UnionBank didn t return requests for comment Wednesday. ....

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