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chi-Residencesat1450Exterior2 (2) A Miami-based firm just bought The Residences at 1450, a 222-unit apartment community in Mount Prospect, IL, one year after buying the property across the street.

CHICAGO—The rental market in downtown Chicago and other transit-friendly neighborhoods is booming, but out-of-state investors also see opportunity in the suburbs.

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.

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