BY THE NUMBERS
CHICAGO—Morguard's buy of the Coast atLakeshore East Apartments in Chicago was the fourthlargest single-building sale of 2017, going for $222 million,according to COMMERCIALCafé in its new report onthe top 50 apartment community sales to close in 2017.LivCor's $429 million cross-market portfolio buyfrom TA Associates and Harbor GroupInt.'s bulk $1.8 billion portfolio purchase fromLone Star Funds both contained IL properties, thelatter sale topping the ranking for 2017. During the month of salerent per unit at the Coast at Lakeshore East was significantlyhigher than the yearly average for Chicago in 2017 – $1,796.
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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.
