Thank you for sharing!

Your article was successfully shared with the contacts you provided.
chi-fox village (2) Fox Valley Villages in Aurora, IL, just sold for $53.75 million, and the new owner looks at it as a value-add opportunity.

CHICAGO—As reported last week in GlobeSt.com, the Chicago region’s apartment construction boom should continue in the short-term, with rents rising at a healthy rate in 2017, even as developers add another 8,400 units, roughly the same as in 2016. At the same time, lenders have started to become more conservative, at least when it comes to financing new construction, leading some to believe the sector will soon hit a pause. But that pause will probably not seriously dampen the enthusiasm among investors for apartment properties in the metro region.

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.

More from this author


Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.