CHICAGO-Chicago Apartment Place Inc., a property management company based in Chicago, is planning to renovate a 16-unit residential building in the West Loop. A venture managed by Chicago Apartment is preparing to rehabilitate the units as leases come to an end.
Last December, the venture purchased the property at 216 N. May St. for $2.5 million from a trust. In March, the Chicago Apartment group borrowed a $1.5-million loan against the building from JPMorgan Chase Bank NA. For the full story, go to Crain's Chicago Business .
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